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

To: RMiethe who wrote (4261)	4/27/1999 11:06:00 PM
From: Jim Parkinson	Read Replies (1) \| Respond to of 29987

Very refreshing post! Thanks. My sentiments exactly except I don't have your knowledge and direct experience. But I have read every post since Maurice started this thread and I am a firm believer in this company and its business plan. I have been accumulating for almost four years. It is my largest holding followed by Loral. If I am right, I will be very very happy and I believe I will be. If I am wrong, then four years of research and effort to try to understand this business was just a waste of time. I guess I could have just read the papers and threw darts at internet stocks. I think my diligence will pay off. I feel as good about G* as ever. Aside from the Zenit, everything is falling into place. This is a great board thanks to all of you knowledgeable posters who are willing to share your views and insight. Thanks!

To: RMiethe who wrote (4261)	4/28/1999 6:23:00 AM
From: Dragonfly	Respond to of 29987

Rarely has such a good post been written. Much thanks RMiethe! A couple different points though: 1) What's loral's DTH system? I got bashed a couple quarters ago for claiming that Loral wanted to move into this area...did I miss it when they actually did? 2) I think a large part of America is the target market for Globalstar, and Canada as well. There are lots of people who regularly find themselves in situations without cellphone access and who are wealthy enough to upgrade to a G* phone. My oft repeated comments about boaters are particular here as most pleasure craft stay close to the coast and don't get much cell access. (Wanna go to the San Juans? ITs amazing, but don't take a Cellphone!) 3) I'm often perplexed about the technophobes you mention. There's an equally virulent group, though, that get so sold on one particular technology that it completely clouds their vision about reality and physics. (CDMA supporters without 2 years of college physics can fall into this trap.) But its amazing the number of technophobes who at the same time love those internet stocks. The market is a great one for suckering in people, and the suckers love momentum! It'll be great for us when we have the momentum, but a little bit of political BS (loral) or a low stock price (G* I*) attracks the anti-momentum suckers who feel some pleasure at bashing perfectly good companies. But, as they say, that means more for me! Dragonfly

To: RMiethe who wrote (4261)	4/29/1999 6:44:00 AM
From: Maurice Winn	Respond to of 29987

OT Rant RMiethe, //And then there are various analysts who think because Loral is 6 months behind in Globalstar then everything that Loral says about its future businessplans should be held in doubt, if not outright disbelieved. "Schwartz lacks credibility. I don't believe him. He missed his launch schedule by three months on Telstar 6, Orion 3 is four months behind, Telstar 8 is not launching in '99-- it is launching in FY 2000. Schwartz can't be believed". These are comments of ladies and gents who have not worked a day in their lives (that includes me, too-- but at least I admit it-- pushing money is not working at construction, cancer cures, designs, airplane manufacturing, or launching satellites).// Bernie Schwartz giving his money to the Democratic party seems to have induced brain failure in people. Add that to Loral selling USA soldering secrets to China. Don't forget China buying [donations] some of the best politicians in the world who can lie beautifully on television, complete with finger wagging. That is especially annoying because it is CHINA which is supposed to have corrupt politicians. How about China stealing a satellite or some other trade secrets? Also, China has political prisoners and no civil rights - they don't even have the right to bear AK47s for goodness sake. Everywhere we look, we see Loral and Bernie Schwartz selling America down the river to the evil and inscrutable Commie Yellow Peril. I even recall somebody here, whose opinion I normally respect, suggesting Bernie Schwartz should resign over having donated money to the Democratic Party. There is Republican spittle flying over Clinton having trounced the Republicans and making them look like prurient, short-sighted and self-centred power grabbers. So they have messed around with who approves satellite launches [moving approval from Commerce to State or some such] and stuff like that. Sure, there are bound to be some security issues, but it's the oldest trick in the book to take a valid issue and puff it up until it bears no relationship to the claimed concern. Safety is a popular catchcry. Try to do anything slightly out of the ordinary and the immediate bureaucratic reply is 'can't do that, safety you know' when safety has nothing to do with it at all. Ownership of and profit from the rules is what it's really about. So Bernie and Co are being punished for helping fund Bill Clinton's campaigns by sulky Republicans who are sore losers. In defence of the money movers, that's work. Sure, it isn't manual labour, but the concept of sacred manual labour went out with Chairman Mao's great leap backwards, with proletarian work in the fields for all. None of this prissy intellectual stuff! Allocation of capital is one of the most valuable things to work at. It enables people like Irwin to get the $$millions to do the great things. Poor allocators of capital will soon be looking for other work. If they back weak cancer cures instead of good ones for example. Manual labour is nice to do! It leaves your mind free and if in a social environment is actually much better than office type work involving a full brain, little activity and not really that much social contact. I've done all sorts! Moving money pays the most [if good at it] but parcel deliveries or loading ships [by hand] is better in many ways. Driving mentally and physically disabled people and supervising was fun too - they can have a really good life because of few worries. No taxes for them! One of the most heroic types are financial speculators. They put their neck on the line and buy when most want to sell! It's interesting that most people think poorly of speculators, as though they are bad people. Weird! Same as people shorting stocks seem to be held in contempt. Crazy! They act as shock absorbers in a community, taking the worst excesses out of markets. Without them, when a financial system hits a pothole, there would be a big bang and some serious damage. Maurice