Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Bernard Levy who wrote (2031)	9/12/1998 7:25:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 29987

Bernard, Mike, quite right, I have to rant. This is a lifetime of dreams smashed in the Siberian wilderness. That's a slight exaggeration as the whole thing was planned for, with all the new satellites all ready to go. It was even scripted. I could be forgiven for thinking it is all an elaborate hoax at my expense. But let's keep it in proportion. I'd even be one to consider another couple of Zenit launches. Next week. All life's rockets don't crash. Not all satellites fall from the sky. The damage is in delay. The cost of satellites and their insurance, the cost of rocket failures and broken handrail ropes [I bet that WAS a rope still tied to the handrail and they are only pretending there was a computer failure in the guidance system] is relatively small. There is heaps of money sloshing around looking for hot stuff investments. It's a beautiful spring day today, so I have to go and wallow around in it. Suffice to say just now, that the sales of Globalstar minutes is going to be huge. The handsets and system work [according to the script we have been told about just the last couple of days] flawlessly. Unlike Iridium which has got satellites in space but they don't work very well. cdmaOne works very well, on earth and in space. cdma2000 or a variant is about to be selected worldwide for 3G. Things are fine. So it seems that all that is needed is another bunch of rockets and we are back in business. Bring in another hundred million $$ or two, which isn't much dilution considering the multibillion $$ Globalstar capitalisation when panic hasn't set in and future revenue is considered. Future revenue [= profit] is what we are concerned about. More rant later. No worries. Nothing much goes smoothly in life. Maurice