GSAT

[Trout rivers]

Getting close to getting greener

[Gerald]

3 days in a row closing in the green! That hasn't happened in a long time.

Maybe so, but the market in general took a big hit today.

[redaddiction]

Maybe so, but the market in general took a big hit today.


I know, so that's even better. Says a lot hopefully.

[redaddiction]

Nice move today!

[fishinpox]

Hopefully it keeps going in that direction!


What about STRP!!! Holy shiot!

[redaddiction]

Hopefully it keeps going in that direction!


What about STRP!!! Holy shiot!


Yeah I know. There's a new secret bidder in the STRP buyout. Hopefully that will be us in the future!

[Trout rivers]

Definitely interesting!

[redaddiction]

$2.04 is of this post. Who's still in it? I'll sell at $10!!

End of day Thursday is when the gag order imposed by the FCC expires and telecom companies can start talking publicly about mergers and acquisition's and deals that are in the works. If Globalstar is part of that then we are golden!

[fishinpox]

I'm still in heavy

[fishinpox]

https://uploads.tapatalk-cdn.com/20170425/0980082badd9ded52eeceaeb3074cca9.gif


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[eman]

Whats a reasonable long term sell point and what is your stop buying point for GSAT.
waiting for some $$ to shake loose in the next 2 - 3 weeks and looking to Buy

[redaddiction]

Whats a reasonable long term sell point and what is your stop buying point for GSAT.
waiting for some $$ to shake loose in the next 2 - 3 weeks and looking to Buy

I'm looking at $8-10 range will come when partnerships or maybe even buyouts announced. By years end hopefully.

Anything under $2 is a good buy. I bought all the way up when it was over $4 at one point 3 years ago. Been able to average down to 1.80. And I would still be buying if I wasn't out of money!!!

[redaddiction]

It spiked earlier to $2.40. Here's why.....



Globalstar Said to Work With Advisers to Explore Potential Sale
Company won FCC approval for wireless spectrum use last year
Sale would follow Verizon?s $3.1 billion Straight Path deal
By Alex Sherman

(Bloomberg) -- Globalstar Inc., which won U.S. approval to use its satellite airwaves for mobile broadband service, is working with financial advisers on a potential sale, people familiar with the matter said.

The company, which has a market value of about $2.1 billion, could attract interest from major wireless and cable companies, one of the people said, asking not to be identified as the details aren?t public. Deliberations are at an early stage and there is no certainty a deal will be reached, the people said. Chief Executive Jay Monroe III said in an interview in January that he would probably lease his spectrum, adding that the company ?is considering all strategic options.?

Globalstar owns LTE wireless spectrum that can work with existing chips inside smartphones and wireless carriers, Monroe III said at the time. The airwaves aren?t the same as the swath that Verizon Communications Inc. agreed to buy Thursday from Straight Path Communications Inc. for $3.1 billion.

Representatives for Covington, Louisiana-based Globalstar didn?t respond to requests for comment.

Shares of Monroe?s Globalstar Inc. are up 11 percent since the U.S. Federal Communications Commission in December gave the company permission to use its satellite airwaves for mobile broadband services, which can attract more than a niche base of customers with satellite phones.
The bidding war for Straight Path also pumped Globalstar shares, as investors predicted the value of the company?s spectrum licenses will keep climbing. But the two companies? airwaves aren?t created equal.

Straight Path owns high-frequency spectrum in the 28 gigahertz and 39 gigahertz bands, within the range above 24 gigahertz approved for 5G use by the FCC. Globalstar?s airwaves are much lower, at 2.4 gigahertz, and it only owns about 11.5 megahertz.

Wireless carriers, Globalstar?s potential buyers, have estimated they will need channels at least 60 megahertz wide to meet the requirements for the next generation of high-speed mobile phone networks.

[Trout rivers]

Y'all heard any rumors of apple buyout for use with there project titan?

[redaddiction]

Y'all heard any rumors of apple buyout for use with there project titan?

Not specifically but there are a lot of rumors flying around.



Odeon - GSAT: The big question who could buy them?

1. Alphabet, Microsoft, Facebook, Amazon, T, VZ. Cable Co.?s such as CMCSA, CHTR & Altice are possibly amongst the Co.?s that could be interested.

2. The point is that a number of Companies are evaluating applications in wireless and yet there are only a few players with clean spectrum.

3. No realistic achievable amount of new spectrum resource can currently service even the most conservative demand for mobile data requirements. GSAT?s spectrum is unique in its support of small cell deployment and it?s band holds physical, regulatory, and ecosystem qualities that distinguish it from other current and anticipated allocations.

4. GSAT is a strategic asset with its TD LTE spectrum which is the most flexible spectrum band with no pairing mandate (unlike AWS3)

5, GSAT has been absent from M&A conversation in the past due to pending approval from the FCC & the Broadcast auction ? Now neither is an issue.

6. Short Interest: With a 20% short Interest. (higher if you adjust for the CEO?s full ownership) ? The squeeze could be painful!

[fishinpox]

Get ready

[Trout rivers]

Let's squeeze the shorts till they pop

[swampman46]

Y'all heard any rumors of apple buyout for use with there project titan?

Wonder if Apple could find the funds? ;)

[Trout rivers]

Lol you knew what I meant

[Trout rivers]

But she confirmed rumors 😂

[redaddiction]

But she confirmed rumors 😂


They would have to step up big because there will be several big players bidding for them. Hopefully they pay Way above value just to keep it out of the hands of their competitors. Just my opinion.

[Trout rivers]

They would have to step up big because there will be several big players bidding for them. Hopefully they pay Way above value just to keep it out of the hands of their competitors. Just my opinion.

I agree I just thought it was funny to ask and see what she said. I honestly didn't expect a response to that question and In my opinion I think att will be on the smaller side of the bid (out bid) as we have The big guys going to bid it out Amazon, Microsoft, Google etc but none the less a bidding war is perfect!

[Trout rivers]

So many factors in this but I'm curious where Inmarsat is going to sit in this if they were going to partner?

[eman]

Looks like i'm 10 days to late. Money won't clear to transfer till the 22nd.

[Trout rivers]

I doubt it GSAT is a tortoise in the market even with this rumor it will go up but there's still a lot of shorts to bring it down imo add more to your position.

[redaddiction]

It's rare that I look forward to Mondays. But I'm ready for the market to open. Would love a confirmation from the company on the buyout rumors being real. That will be a big pop!

[Trout rivers]

That would be great! But I'm not expecting anything early in the day maybe even AH

[bjhooper82]

I put in an order toaday for $2 but it didn't quite get that low. Maybe tomorrow.

[redaddiction]

I put in an order toaday for $2 but it didn't quite get that low. Maybe tomorrow.



It's tough to find an entry point with the volatility in price. But if you believe in the future price of 8-$10 as I do, then don't let .20 cents stop your buy in. Or you gonna be kicking yourself later! I've been there before.

[bjhooper82]

It's tough to find an entry point with the volatility in price. But if you believe in the future price of 8-$10 as I do, then don't let .20 cents stop your buy in. Or you gonna be kicking yourself later! I've been there before.

I set a buy at the open at $2 and forgot about it to be honest. I remembered at 3:05 and checked to see if it had bought but no luck.

[Trout rivers]

I think 1.90ish is our bottom support right now maybe we'll see it tomorrow grab some more pie ;)

[redaddiction]

I think 1.90ish is our bottom support right now maybe we'll see it tomorrow grab some more pie ;)


If we go a while without any more rumors then we will likely fall back below 2.00. But I hope the rumor mill continues to churn out new excitement in the company and continue a northern trajectory.

[redaddiction]

Nice and steady rise today. I like when the chart looks like that! Means the shorts aren't manipulating today for some reason!

[bjhooper82]

Made a nice move today

[Trout rivers]

Did make a nice move and after reading the post on fb of meeting where they confirmed it I am just waiting for any news to pop out to really get this price to take a new floor.

[Trout rivers]

Bear days are boring...

[redaddiction]

This stock is a day traders dream!

[Trout rivers]

Yea that and NAK ...be glad when they we get news my two big plays only good thing about shorts is they give us time to accumulate

[redaddiction]

Goldman Sach's reported today they increased their share count 500 %. https://uploads.tapatalk-cdn.com/20170519/e32a09cf00f040f7509f84df7b3a5446.jpg


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[Big Country7807]

Did y'all see Rex Energy(REXX)??? They jumped from .41 cents to over $4.50!!!

[redaddiction]

Did y'all see Rex Energy(REXX)??? They jumped from .41 cents to over $4.50!!!



It was a reverse split. Not good!!

[Big Country7807]

It was a reverse split. Not good!!

ooooo ok

[eman]

Finally got my transfer this afternoon and Placed an order to buy on open.
will the price be what it was when i placed the order or opening price for Monday ???

[redaddiction]

Finally got my transfer this afternoon and Placed an order to buy on open.
will the price be what it was when i placed the order or opening price for Monday ???

It will be whatever the price is on Monday. It's better to put a "limit " order. Then you can name your price.

[eman]

It will be whatever the price is on Monday. It's better to put a "limit " order. Then you can name your price.
Looks like i should have waited one more day. Down .06 from todays open.

[Trout rivers]

Looks like i should have waited one more day. Down .06 from todays open.
It's going to keep bleeding down until we get some news but big buys from Goldman Sachs is a good key indicator that good things to come generally

What price where you able to get in eman?

[eman]

It's going to keep bleeding down until we get some news but big buys from Goldman Sachs is a good key indicator that good things to come generally

What price where you able to get in eman?
I got in at the apex $2.33

here is an interesting read that may make Tuesday open real interesting.
ttps://www.thestreet.com/story/14152641/1/globalstar-could-draw-fang-stocks.html

[eman]

Debt reconstruction has passed and still no news. In this case i hope no news is good news.

[redaddiction]

Debt reconstruction has passed and still no news. In this case i hope no news is good news.


We should see a filing this week by the company. I'm hoping no dept payment was made and was allowed to be deferred. That would mean buyout talks are getting pretty deep.

[eman]

stock sold to defer debt. slight dilution. If you read through the paperwork the dates make it seem like they are counting on something happening well before the next debt payment.

[Trout rivers]

Great time to buy more in my opinion

[eman]

Great time to buy more in my opinion

I Did :smokin:

[redaddiction]

I've been waiting 4 years. What's a little more time!

[swampman46]

Nothing postitive...just rumors and hearsay. Hopes and dreams from a 3 year old thread. Hmmm... not sure about that strategy. Would have been better served investing in the FANG stocks 3 years ago. Anyway...good luck all!

[redaddiction]

Nothing postitive...just rumors and hearsay. Hopes and dreams from a 3 year old thread. Hmmm... not sure about that strategy. Would have been better served investing in the FANG stocks 3 years ago. Anyway...good luck all!

Lots of positive lately. The long wait was due to government red tape at the FCC. Typical.

[K W]

If you purchased when it dipped below $1 a while back it's been a great purchase. People hoping for a buyout bc of the other sat comp went crazy and so someone creates a rumor that has everyone thinking there's talks of buyout when the company hasn't said anything about a buyout. I do know they are working on relations across seas in many countries. Would like to think it is for more approvals overseas but do not know.


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[Trout rivers]

Bought some more on the dip today.

[eman]

Looks like GSAT is ready .

The following statement can be attributed to Jay Monroe, Chairman and Chief Executive Officer of Globalstar: ?Our receipt of the licenses today marks the end of the FCC regulatory process to obtain terrestrial authority over our S-band spectrum and the beginning of a new range of innovative wireless services that will benefit consumers for decades to come. We greatly appreciate the hard work and dedication of the FCC, and especially the staff of the bureaus and offices, that helped us all come together at the end of last year to reach a successful conclusion to the proceeding. We are now working with major chipset and infrastructure providers to put this spectrum to more intensive use by consumers not only in the United States, but around the world.? 8/8/17 :grinpimp::smokin::grinpimp:

[redaddiction]

I know I'M READY!

[redaddiction]

I know I'M READY!

Remember also, globalstar is the only company in the world with globally licensed spectrum! What's that worth you think? 😎🤑

[Andy C]

Anyone heard if they are going to go to 5g or stay on 3-4g?? Been reading a lot about them and to me that's why I haven't been able to buy them yet. Any thoughts on the matter??

[redaddiction]

Anyone heard if they are going to go to 5g or stay on 3-4g?? Been reading a lot about them and to me that's why I haven't been able to buy them yet. Any thoughts on the matter??

It doesn't really matter. They are going to be an available asset in the LTE network. Can be used in legacy systems or future 5g.

This explains their plans.
https://www.globalstar.com/en/ir/docs/GlobalstarPresentation_FINAL.pdf

[K W]

Too bad they have never mentioned they are for sale - just rumors making people?s days longer that think of that. They are working on getting licensed in other countries.


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[eman]

In the community calls Jay has said he will do what is best for the company and it's share holders. The reason that they want every international license is each one raises the value of GSAT . and the more they have the more attractive the company looks to possible buyers / partners.
In it for the long haul.

[Trout rivers]

Everybody still holding tight?

[redaddiction]

Everybody still holding tight?


Yeah. I'm in "set it and forget it" mode. Waiting....

[swampman46]

Wow! This thing is in a freefall. Yikes!

[bjhooper82]

Ouch! Hate to see that. I know some guys on here have some big coins in it.

[sniper3726]

And it gets worse , I hate to see this for a bunch of people. This latest news seems to me to be a calculated move that has been planned for a long time, greed at its finest .

The SEC has done a terrible job looking out for investors ! How many people such as myself have lost a LOT of hard earned money(due in part to my own ignorance) and trusting in the system and people to do the right thing .
Its one thing for a company to come on hard times and not make profit , Its another to use investors money to play games, pay their families,friends and partners huge sums for services to get the money out of the company . And as it seems in this case just take it and put it into the other company that they own.

[redaddiction]

I got out in December with a 50% loss. Figured I?d take the tax loss on my taxes at least. It?s continued to drop since then. That merger is bull crap for us minority investors.