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

To: Robert Scott who wrote (2040)	9/13/1998 7:44:00 PM
From: Bernard Levy	Read Replies (2) \| Respond to of 29987

Hello Robert: I am not sure that we will go to $6, but single digits is a virtual certainty. The failed launch hit GSTRF at its most vulnerable time and it involved 25% of the entire constellation. If this launch had been successful, and the next had failed, GSTRF would have had 20 sats in orbit and it would have been easy to repair the damage by using 3 Soyuz to go up to 32. Even at current prices, G* has twice the market capitalization of I, which has all its sats in orbit. How long can this disparity last? Not that I advocate putting any money in I, since I do not like their system. There is essentially no room left for error in G's launch schedule, so that the risk has become commensurate with what venture capitalists face when they fund startups. The rewards need to be made proportional to the risk, which can only occur if G is repriced lower. The bottom line is that the failed launch was not an ordinary launch-- it was the key launch for G* This is why I am reacting so strongly. Best regards, Bernard Levy PS: The above comments apply only to G* -- not LOR. LOR has several upcoming launches by other units, which if successful, should provide good support for its stock price.