GSAT

[redaddiction]

This is a Louisiana company called Globalstar. Look it up and read the past few months press releases and what they are about Then read the release that came out today after market close. Mostly look up the FCC proposal they have waiting for approval. They are offering the government 20,000 access points with this approval. There is a big push to get all schools connected to the internet regardless of their access to the web. (rural areas) They spent a billion (with a "B") dollars to replace their satellite constellation in orbit while their competitors satellites are in need of replacement. Huge advantage.

Do you own due diligence, but I think this stock will be huge. I bought a few months ago at $1.00 and been adding as i can. Closed at $1.88 today.

Also if you're not into buying the stock, check out their SPOT products on their website. Great stuff for outdoorsman and even products to track your boat, 4wheeler, vehicles, etc if it gets stolen.

[southern151]

At $1.95 now.

[BassAssasin]

crap!!! i almost picked this up last week!

[redaddiction]

It had a good run today. I actually don't want it to run up just yet. Need to accumulate more shares first. But the CEO is in New York speaking at a WiFi conference tomorrow. Lot's of Big Wigs there. It will probably continue a run next week in the wake of his comments about GSAT.

[southern151]

Bought another 100 shares this morning. Ain't much but, better than letting the money sit there and, do nothing, right?

[southern151]

It's steadily climbing this morning. Wish I had bought more of it!

[redaddiction]

It's still cheap compared to the potential it has. I'm about to sell my boat for extra funds. Lol

[BassYakR]

whats it at now?

[redaddiction]

$2.17

[BassYakR]

nice

[southern151]

$2.20

[redaddiction]

$2.26.

Didn't think it would run this much today. We still have 4th quarter results yet to come out. Which I hear will be good because they got a lot of new subscribers during that time.

[redaddiction]

Now 2.32. Rising every time I refresh my screen. Lol

[redaddiction]

Their FCC proposal is getting published into the Federal Registry tomorrow or Thursday. Should get another good bump. Then we wait on the 105 day public comment period to finish. If all goes well they can start leasing their wireless spectrum to the big boys. ATT, Verizon, Amazon, google, etc.. Billions in new revenue. I think this is going to be one of "those" stocks to brag about in a few years.

But I don't know much about stocks but I did stay at a holiday inn last night!

[southern151]

Well, it had a good jump but, it seems to be on the decline pretty heavy today.

[redaddiction]

No worries. They just applied this week to get relisted on the NASDAQ and NYSE. that's will create a whole new group of buyers which is what this stock needs.

[swampman46]

GSAT up .11 today. Nice move.

[redaddiction]

The 4th quarter conference call is Monday after the markets close. We'll see what happens then.

[southern151]

Started to buy more this morning and now I wish I would have!

[redaddiction]

Started to buy more this morning and now I wish I would have!


My philosophy - Don't worry about the pennies missed when there are dollars coming.

I bought more earlier at $2.51. I forgot to check price at the open.

[southern151]

What are your thoughts on it as of now. Been holding decent but, the 4th quarter statements didn't seem to move it much. I'm still holding and, well in the black, just not sure how much longer I'll hold em.

[redaddiction]

My thoughts are this is a long term hold. Not a quick flip. Everything balances on whether the FCC approves their proposal in June. Price won't move much till then. If approved this will be a first ever that a satellite company can provide broadband services to the general public. Other companies will want to lease that spectrum fom them. (Verizon, AT&T, Amazon, etc)That will be huge in terms of increases revenue. Stock price IMO would go to 10,20,30, who knows how high.

[BassYakR]

Id love to get on something like this... but that "IF" always holds me back.

[redaddiction]

Yeah me too usually. But their current business supports a 3-4 price even with no approval. Just not as much growth.

[southern151]

Well, by the way it's on the move UP right now, you'd think I sold it! LOL!

I didn't but, that's my typical luck! Up $.08 for the day right now.

[redaddiction]

GSAT is going to the New York Stock Exchange on Monday.

[southern151]

It dropped pretty good today. It dropped last week and, came back a little.

[redaddiction]

It will get a lot more exposure now that is not a penny stock on the OTC market. Funds will be able to start buying and analysts will start giving their options. I bought more today. It's all good!

[southern151]

It's bouncing back well. I put in for another 400 shares after close yesterday. Managed to get em picked up for $2.43. Looking good for them if my comprehension is correct in the articles I read about them!

[redaddiction]

It's bouncing back well. I put in for another 400 shares after close yesterday. Managed to get em picked up for $2.43. Looking good for them if my comprehension is correct in the articles I read about them!



Yes sir! Buying all I can and will hold long term. This thing could go 10X in my opinion in the next couple years or sooner. If all the rumors about Amazon working a deal with them and also possibly Google showing interest in their network, this thing could grow quickly. Imagine having your Amazon Kindle Fire tablet with you almost anywhere in the world and being able to access the internet! Satellite is going to be the best thing since WiFi. (If the FCC approves GSAT's request)

[redaddiction]

Good luck to those of you that may have bought. Today is the first day back on the New York stock exchange. Strong move already.

[southern151]

Pretty nice jump this morning!

[southern151]

Up 21% right now. Hope to see another boost this week.

[redaddiction]

The earnings conference call is Wednesday after market close. Hopefully it's all good news.

[I make oil]

Just got my confirmation email. I bought 10500 shares at $2.84. This might be interesting. ;-)

[redaddiction]

Just got my confirmation email. I bought 10500 shares at $2.84. This might be interesting. ;-)


Damn son! 😳 good luck. But I don't think we need it. 😎

[southern151]

Just got my confirmation email. I bought 10500 shares at $2.84. This might be interesting. ;-)

:eek: Man, I thought I was rollin' with my thousand! LOL! Making money, regardless! I got lucky and, bought most of mine at $1.97 and, 1.99.

[southern151]

On a pretty good run today!

[redaddiction]

Good close to the day. Volume 5 times the daily average.

[redaddiction]

$3.78

Woop woop!

[southern151]

Still rolling!

[Riceland]

Gonna break $4?

[redaddiction]

Gonna break $4?


No stopping it now but a FCC rejection of their proposal. And I don't see that happening. I think after FCC does approve it, this thing will easily double this year.

[southern151]

I'm very pleased with how this one has played out for me thus far. I considered dumping it all(I'm up 70% as of today) to buy AAPL stock but, I think I'm gonna hold on to this one for a while and see how well it can do!

It closed at $3.98 today.

[redaddiction]

I wouldn't sell. Gotta let this play out.

[Riceland]

I'm sitting longer on this one too

[redaddiction]

$4.24 today.

[southern151]

Still on the rise!

[BassAssasin]

wish i would have listened

[redaddiction]

It's not too late to get it. Everything is hinging on the FCC approving the use of the spectrum they own, to be used as Wi-Fi spectrum. Once that happens this company will go from making millions a year to billions a year in revenue. They are currently loosing money yet the stock price keeps climbing. They will be deals being made with wireless and cable providers that will be huge revenue generators. This will double easily after FCC approval and then the sky is the limit for years down the road.

This is a pure speculation stock right now but once FCC approval happens it will eventually be a household name.

[redaddiction]

Also, GSAT was highlighted on Tuesday on the CNBC show called Mad Money with Jim Cramer. Lots of investors follow him.

Here is the link. He does a great job explaining what GSAT is trying to do.

http://video.cnbc.com/gallery/?video=3000288946&__source=yahoo|headline|quote|video|&par=yahoo

[southern151]

While I'm a huge holder of their stock, I am up 91% right now on them. Good stuff in my book!

[I make oil]

Sold off fall of my Ford stock and bought GSAT. Any future buy's will be GSAT for some time. Considering selling off something else but I think I'll just sit here now. Don't want all of my eggs in one basket. I really don't see any reason they won't received FCC approval and when they do this stock is poised to just sky rocket. I only wish I had bought in this heavily on LNG back in the day.

[fishinpox]

This has got me willing to roll the dice , about to place order for 6000 shares

[Goooh]

I may have to jump in too, just cashed in a 60% gain on PXLW... Feelin lucky!

[southern151]

While I'm a huge holder of their stock, I am up 91% right now on them. Good stuff in my book!

I meant while I'm NOT a huge holder...

Sorry bout that fellas. I wish I had more money to buy in but, new house coming and, things are tight!

[fishinpox]

Just curious what it will be at on Monday when I wanna buy? Gonna go up since the Cramer pump up question is how much ? I really kick myself for not buying in the 2's

[redaddiction]

Just curious what it will be at on Monday when I wanna buy? Gonna go up since the Cramer pump up question is how much ? I really kick myself for not buying in the 2's


I think you will be able to buy for .10 cents less or so. It seems to always drop a little early then regain later in the day. But who cares, don't try and save a few pennies and wait and not buy at all. The upside gain is far greater than what a few pennies will save you.

[fishinpox]

I think you will be able to buy for .10 cents less or so. It seems to always drop a little early then regain later in the day. But who cares, don't try and save a few pennies and wait and not buy at all. The upside gain is far greater than what a few pennies will save you.

I hope your right , I'm thinking its gonna be higher though

[redaddiction]

I hope your right , I'm thinking its gonna be higher though


Did you get in on the dip today?

[fishinpox]

4600 shares @ 4.42

[aquaholic]

You'll do well. I have 3000 shares at lower avg but I'm still looking to buy more. 6$+ target.

[redaddiction]

This will be over $10 before years end. Easily.

[fishinpox]

goin down down .im down 1550.00 . gonna hold out for a while longer

[redaddiction]

goin down down .im down 1550.00 . gonna hold out for a while longer

This is an event driven stock right now. Not one based on earnings (they have none) and revenue. There hasn't been any news or headlines in a while. FCC approval may not come for another 3 months so it will be a long wait but I'm going to make sure I'm there for the results. Would hate to sell before then.

[jamesf]

They seem to have strong and aggressive management. If all the cards fall into place this stock could go to $ 30 but that may take 4 or 5 years. Just depends who utilizes there technology and how long before the comp upgrades to something better

[southern151]

I'm taking a beating on this right now! Dangit!

[redaddiction]

Stay strong my friend. The daily swings are meaningless. FCC approval or bust!

[longsidelandry]

Well we aren't helping them out any. We purchased 6 units from them for work and have already cancelled subscriptions on 2 and are probably fixing to drop the axe on the rest of them shortly. They were crap 5 years ago and they're still crap today. It's been so bad, G* isn't charging us because the units aren't working any better than they were in the past.

[simplepeddler]

sorry guys..............I am the kiss of death to a stock...............I bought in a few weeks ago

[redaddiction]

Which units? 5 years ago that we're using the first generation sats. Now it's the new sats. What are the issues? Just curious. I only own the stock not any products.

All those SPOT, Sat-fi, and Sat phone products are really a small part of their revenue. This new TLPS proposal pending at the FCC will change this company's revenue stream exponentially.

[southern151]

sorry guys..............I am the kiss of death to a stock...............I bought in a few weeks ago

:rotfl::rotfl:It's like me trying to buy a car to resell!:cry:

[southern151]

Making a nice rebound this morning!

[southern151]

Dangit!

[Gasper Master]

i pulled out a few weeks ago. Saw this coming.

[redaddiction]

i pulled out a few weeks ago. Saw this coming.


It wasn't just a drop in price. There was some shady probably illegal stuff going down today with a hedge fund. This price drop is nothing to do about the company itself. Everyone knows that the financials suck. They borrowed a billion dollars to get their new satellites into orbit.

Everyone who is long knows they are waiting for. That one single event to happen which is FCC Approval! Then deals with wireless providers will come and the money will start to flow into the bottom line.

[Goooh]

Buy buy buy

[Gasper Master]

yep, i saw the price steadily dropping, so i pulled out. Once the FCC approves, i will buy back in.

[redaddiction]

yep, i saw the price steadily dropping, so i pulled out. Once the FCC approves, i will buy back in.



You will have to buy it back much higher than you sold if for today. That's the only problem with not buying and holding. Just have to ignore the daily fluctuations. But trust me it was tough to watch. At the low of the day I was down $6000 from yesterday.

[redaddiction]

Buy buy buy

If i had available cash that's exactly what I would be doing.

[redaddiction]

For those who don't know what approval I am talking about here is a brief description. GSAT owns wireless spectrum outright. Read below for definition.


Terrestrial Low Power Service (TLPS). This is the FCC's proposed rules to allow Globalstar to open up 22 MHz of underutilized spectrum in the 2.4 GHz band for low power mobile broadband which would add a 'Channel 14' to the existing channels 1, 6, and 11 already being used for Wi-Fi in that band. The proposal is that this would be a "managed Wi-Fi-Like" service: a premium version of traditional Wi-Fi, providing dedicated capacity over a clear channel, resulting in as much as 5-7 times the performance of more crowded channels. Faster Wi-Fi speeds and greater capacity are a huge part of meeting consumer demand--whether it's OTT content options such as Netflix, the Cable Wi-Fi initiative, or the use of Wi-Fi by mobile operators to expand coverage, capacity, and improve the economics of mobile broadband. TLPS represents an exciting opportunity to offer consumers another competitive mobile broadband option that sits somewhere in between the "wild west" of traditional unlicensed services and comparatively expensive, but licensed, cellular data services. Given that Channel 14 is already available in Wi-Fi chipsets at the hardware level, the time to deployment is vastly shorter in comparison to alternative bands being considered for the broadband inventory. TLPS also opens the possibility for unique and innovative services, delivered by both incumbent operators and new entrants.

[Gasper Master]

i know, but just not willing to take the risk. How can you find out what is going on? When will the FCC decide?

I had 8000 shares, so i would have been down $5500 if had not sold when i did.

[redaddiction]

i know, but just not willing to take the risk. How can you find out what is going on? When will the FCC decide?

I had 8000 shares, so i would have been down $5500 if had not sold when i did.


There is no definitive date as to when they will make a decision. It could be tomorrow or 3 months from now or even next year. The public comment period ended four months ago. They could of decided it then. The CEO in the last conference call said it should be some time in the 4th quarter which starts today.

[aquaholic]

This is one of the most shorted stocks out there. I sold first of week thinking this was coming. Unfortunately the market isn't truly fair. The big money guys can move a smaller stock if they wish to. Not a stock issue just somebody decided to run price down. I'll sit on the side and watch where this goes. Might be able to buy back in in the 1$ area.

[redaddiction]

Yep! and once this stock started falling it was probably taking out Stop-Losses left and right. I bet some people checked their stock mid day and it was all sold.

[fishinpox]

lost 6000.00+ already i will say ive lost more in the time ive owned this stock gambling @ L'auberge then i have on this stock.... lol so i guess it could be worse . im in it to win it ....30$ or bust !!!

[aquaholic]

I own another stock that I lost my a$$ on. Still own it hoping someone will buy it out. This far down I wouldn't sell. I also wouldn't pay attention to it so I wouldn't be depressed. I think will ultimately rebound but may be a couple months.

[fishinpox]

I knew it going into it , it is what it is ..... A risky investment

[southern151]

Kerrisdale Capital to Host Live Presentation and Webcast on Globalstar, Inc.Font size: A | A | A
9:30 AM ET 10/6/14 | PR Newswire
Kerrisdale Capital ("Kerrisdale"), a New York based private investment manager, announced today that it will host a live presentation on mobile satellite services provider, Globalstar, Inc. (NYSE: GSAT). Sahm Adrangi, Chief Investment Officer, will debunk Globalstar's highly misleading claims about its business and discuss why Kerrisdale believes that Globalstar's equity value is worthless, in contrast to the Company's current $4 billion dollar market capitalization.

The live presentation will begin at 11:30am ET at AXA Event & Production Center at 787 Seventh Avenue, New York. Please arrive 15 minutes in advance to sign in. Registration for the live webcast of the presentation can also be accessed at kerr.co/10614. The full research report and presentation materials are available at factsaboutglobalstar.com.

"Globalstar is the most egregious stock promotion we have come across since Sino-Forest," says Sahm Adrangi, Chief Investment Officer of Kerrisdale Capital. "Globalstar's proposed paid Wi-Fi offering is nothing more than the company's latest gimmick to stave off bankruptcy, a stunt that rivals Allen Chan's fake forests as the most successful stock-market fantasy we've ever come across."

Kerrisdale believes the company is currently valued at $4 billion due to misleading and ill-informed publicity over the company's spectrum holdings and a proposed licensable Wi-Fi channel currently under review by the Federal Communications Commission. This licensable Wi-Fi channel will never be commercially viable, and its spectrum is unusable terrestrially in all other use cases. The combined value of the company's unprofitable core satellite business and potential terrestrial applications of its spectrum assets is lower than its debt burden, making the stock a zero.

Terrestrial Low Power Service is Not Commercially Viable

Globalstar's proposed Terrestrial Low Power Service ("TLPS") will never be commercially viable, based on Kerrisdale's in-depth research and discussions with numerous industry experts. In a world that already has three free, unlicensed channels in the 2.4GHz band and an additional 22 in the 5GHz band, one more channel, hypothetically accessible to only a circumscribed set of users, will never be worth many billions of dollars.

Wi-Fi "Congestion" is Highly Manageable

The Wi-Fi "congestion" that Globalstar purports to address is typically misdiagnosed and is a problem that IT professionals routinely solve every day by using best practices and modern technology. Kerrisdale's comprehensive report shows that network administrators have more than enough channels at their disposal to address co-channel interference, which would deem Globalstar's Wi-Fi offering irrelevant.

Heavy Debt Burden and an Unprofitable Core Business

Globalstar's mobile satellite services business has more than $500 million of outstanding net debt, and over the twelve months ended June 30, 2014, generated just $15 million of adjusted EBITDA and negative $95 million of operating income. Since emerging from bankruptcy in 2004, it has racked up cumulative operating losses of $460 million, increased its share count by a factor of 13, been de-listed from NASDAQ in 2012, defaulted on its debt in 2013, and is likely to violate its financial covenants again in the near future.

Kerrisdale's research report and presentation also discuss the public's increased usage of 5GHz Wi-Fi spectrum as compared to Globalstar's 2.4GHz Wi-Fi spectrum, consumers' relatively low appetite to pay for Wi-Fi and a discussion of how Globalstar's spectrum should be valued in a non-Wi-Fi use case.

Kerrisdale Capital holds short positions in Globalstar, Inc.

About Kerrisdale Capital

Kerrisdale Capital Management, LLC is a fundamentally-oriented investment manager that focuses on long-term value investments and event-driven special situations. Kerrisdale has $300 million in assets under management and is based out of New York City.

Contact

Agnes CaoKerrisdale Capital, LLCacao@kerrisdalecap.com 212-257-4385

SOURCE Kerrisdale Capital Management, LLC

[Gasper Master]

Pooo. Glad i sold mine.

[I make oil]

I'm all out at $3.10

[aquaholic]

Kerrisdale Capital to Host Live Presentation and Webcast on Globalstar, Inc.Font size: A | A | A
9:30 AM ET 10/6/14 | PR Newswire
Kerrisdale Capital ("Kerrisdale"), a New York based private investment manager, announced today that it will host a live presentation on mobile satellite services provider, Globalstar, Inc. (NYSE: GSAT). Sahm Adrangi, Chief Investment Officer, will debunk Globalstar's highly misleading claims about its business and discuss why Kerrisdale believes that Globalstar's equity value is worthless, in contrast to the Company's current $4 billion dollar market capitalization.

The live presentation will begin at 11:30am ET at AXA Event & Production Center at 787 Seventh Avenue, New York. Please arrive 15 minutes in advance to sign in. Registration for the live webcast of the presentation can also be accessed at kerr.co/10614. The full research report and presentation materials are available at factsaboutglobalstar.com.

"Globalstar is the most egregious stock promotion we have come across since Sino-Forest," says Sahm Adrangi, Chief Investment Officer of Kerrisdale Capital. "Globalstar's proposed paid Wi-Fi offering is nothing more than the company's latest gimmick to stave off bankruptcy, a stunt that rivals Allen Chan's fake forests as the most successful stock-market fantasy we've ever come across."

Kerrisdale believes the company is currently valued at $4 billion due to misleading and ill-informed publicity over the company's spectrum holdings and a proposed licensable Wi-Fi channel currently under review by the Federal Communications Commission. This licensable Wi-Fi channel will never be commercially viable, and its spectrum is unusable terrestrially in all other use cases. The combined value of the company's unprofitable core satellite business and potential terrestrial applications of its spectrum assets is lower than its debt burden, making the stock a zero.

Terrestrial Low Power Service is Not Commercially Viable

Globalstar's proposed Terrestrial Low Power Service ("TLPS") will never be commercially viable, based on Kerrisdale's in-depth research and discussions with numerous industry experts. In a world that already has three free, unlicensed channels in the 2.4GHz band and an additional 22 in the 5GHz band, one more channel, hypothetically accessible to only a circumscribed set of users, will never be worth many billions of dollars.

Wi-Fi "Congestion" is Highly Manageable

The Wi-Fi "congestion" that Globalstar purports to address is typically misdiagnosed and is a problem that IT professionals routinely solve every day by using best practices and modern technology. Kerrisdale's comprehensive report shows that network administrators have more than enough channels at their disposal to address co-channel interference, which would deem Globalstar's Wi-Fi offering irrelevant.

Heavy Debt Burden and an Unprofitable Core Business

Globalstar's mobile satellite services business has more than $500 million of outstanding net debt, and over the twelve months ended June 30, 2014, generated just $15 million of adjusted EBITDA and negative $95 million of operating income. Since emerging from bankruptcy in 2004, it has racked up cumulative operating losses of $460 million, increased its share count by a factor of 13, been de-listed from NASDAQ in 2012, defaulted on its debt in 2013, and is likely to violate its financial covenants again in the near future.

Kerrisdale's research report and presentation also discuss the public's increased usage of 5GHz Wi-Fi spectrum as compared to Globalstar's 2.4GHz Wi-Fi spectrum, consumers' relatively low appetite to pay for Wi-Fi and a discussion of how Globalstar's spectrum should be valued in a non-Wi-Fi use case.

Kerrisdale Capital holds short positions in Globalstar, Inc.

About Kerrisdale Capital

Kerrisdale Capital Management, LLC is a fundamentally-oriented investment manager that focuses on long-term value investments and event-driven special situations. Kerrisdale has $300 million in assets under management and is based out of New York City.

Contact

Agnes CaoKerrisdale Capital, LLCacao@kerrisdalecap.com 212-257-4385

SOURCE Kerrisdale Capital Management, LLC


Glad you posted this. Saw it this morning but wasn't smart enough to post it here!!! This is what I was talking about last week.

[Goooh]

I begged my broker to make me feel good about going in on this, but he refused. Glad he did

[southern151]

I'm all out at $3.10

I wish I had done that!

[Gasper Master]

Think i got out at 3.80. had bought in at $0.33!!!

[redaddiction]

Do some research on Kerrisdale before you decide. They are trash. Every topic in their report is already being rebutted.

All the other Large funds that own millions of shares are saying that they are still in this.

The technical details they are claiming about the 2.4ghz spectrum channel 14 have already been tested and verified by several 3rd party entities and has been filed with the FCC and the FCC has acknowledged this fact.

The debt topic is a joke as well. Of course they have debt. They borrowed 1 Billion dollars to launch their new satellites. Guess who they borrowed it from? Jay Monroe, the owner who also owns the company that loaned the money to them. Look them up....Thermo Companies. They don't just throw money away.

This is just a money grab that should be illegal. Small investors will sell. After they make money by shorting the stock they will turn around and go long and make money on the way back up also. Smart on their part I guess. The SEC won'b bother looking into this so nothing we can do. I'm still long, but albeit nervous. I'm down A LOT.


Everyone who is in this stock is in it for one reason. The FCC approval. If you're in it for the financials and technicals then you're in the wrong stock.

[redaddiction]

I just noticed GSAT's 1 year price target on Yahoo Finance just increased today to $6.00.

Here is what one of the investment firms, Maglan Capital, are saying about this Kerrisdale report. This is from today.
__________________________________________________ ___________________

When Kerrisdale Capital first released its short thesis this morning, the characteristic plunge that we’re used to seeing from high profile shorts didn’t materialize, at least not at first. But when Kerrisdale CIO Sahm Adrangi began his presentation this morning the price fell by double digits very quickly, reaching -15% before bouncing back to -11% as opportunistic investors started going long to squeeze a crowded position and bulls built up their position even more.

TLPS is an end run around traditional gatekeepers: Odeon Capital

“Kerrisdale’s thesis reveals a material misunderstanding of what the TLPS opportunity is all about – their basic argument is the wifi of today works- is free (misconstrued) and there’s plenty available– so why would there be any value to Globalstar’s spectrum,” wrote Jason Bernstein for Odeon Capital Group in an email, standing by his Buy rating and $5 price target for Globalstar, Inc. (NYSEMKT:GSAT). “The answer is gatekeepers. Today, carriers and cable companies provide access, you need them to use wifi. Ultimately, TLPS provides an end run around the traditional gatekeepers, and we think that’s a very compelling incentive.”

Bernstein doesn’t completely dismiss the presentation, acknowledging that Globalstar, Inc. (NYSEMKT:GSAT) has a rough operating history and that some of the technical issues Kerrisdale raises are worth discussing, but ultimately he says that there is nothing that makes him change his opinion about the value of GSAT’s spectrum or the company’s prospects in general.


Maglan Capital says its increasing its position on Globalstar

When Maglan Capital explained its reason for going long Globalstar, Inc. (NYSEMKT:GSAT) earlier this year it used similar reasoning, arguing that GSAT should approach Apple Inc. (NASDAQ:AAPL), Netflix, Inc. (NASDAQ:NFLX), Amazon.com, Inc. (NASDAQ:AMZN) and other tech companies that would want to offer customers free internet access to differentiate their products in the market, even if that meant paying for access up front.



“Imagine if Apple could offer its customers a ubiquitous, free, worldwide WiFi, with an unrivaled level of speed and clarity. How much more would customers be willing to pay for an Apple device?” Maglan wrote in a May letter. Maglan tweeted during the presentation that it’s buying more Globalstar, Inc. (NYSEMKT:GSAT), so it hasn’t been impressed by the presentation either.

[southern151]

Do some research on Kerrisdale before you decide. They are trash. Every topic in their report is already being rebutted.

All the other Large funds that own millions of shares are saying that they are still in this.

The technical details they are claiming about the 2.4ghz spectrum channel 14 have already been tested and verified by several 3rd party entities and has been filed with the FCC and the FCC has acknowledged this fact.

The debt topic is a joke as well. Of course they have debt. They borrowed 1 Billion dollars to launch their new satellites. Guess who they borrowed it from? Jay Monroe, the owner who also owns the company that loaned the money to them. Look them up....Thermo Companies. They don't just throw money away.

This is just a money grab that should be illegal. Small investors will sell. After they make money by shorting the stock they will turn around and go long and make money on the way back up also. Smart on their part I guess. The SEC won'b bother looking into this so nothing we can do. I'm still long, but albeit nervous. I'm down A LOT.


Everyone who is in this stock is in it for one reason. The FCC approval. If you're in it for the financials and technicals then you're in the wrong stock.

Well, I'm still in it. I'm down pretty good right now but, it's money that I could afford to lose, although I don't really want to.

The gambler in me says buy more while it's down but, the conservative side of me says don't throw any more in than I already have.

[aquaholic]

Plan to buy back in lower just waiting to see where.

[redaddiction]

Globalstar to Host Conference Call to Address Kerrisdale Capital Presentation
Globalstar, Inc.
7 hours ago
GlobeNewswire

COVINGTON, La., Oct. 7, 2014 (GLOBE NEWSWIRE) -- Globalstar, Inc. (NYSE MKT:GSAT) today announced that the Company's management team will host a public conference call to address the matters raised during Monday's Kerrisdale Capital presentation.

The conference call will take place on Thursday, October 9, 2014 at 4:30 p.m. EDT. The call will include prepared remarks followed by a question and answer session.




Details are as follows:
Conference Call: 4:30 p.m. EDT

Investors and the media are encouraged to listen to the call through the Investor Relations section of the Company's website at www.globalstar.com/investors. If you would like to participate in the live question and answer session following the Company's conference call, please dial 866-510-0707 (US and Canada), 617-597-5376 (International) and use the participant pass code 75944922.


Audio Replay: A replay of the call will be available for a limited time and can be accessed after 7:30 p.m. EDT on October 9, 2014. Dial: 888-286-8010 (US and Canada), 617-801-6888 (International) and pass code 83995346.

[southern151]

Finally got my $ back on this one. Thinking real hard about dumping it all while I'm ahead but, I'll give it till midweek to see if it's gonna rebound or, stay stagnant.

[redaddiction]

The price drop was a sham by a Hedge Fund shorting the stock and making false claims about the company. GSAT responded to the allegations with tons of information. To much to go into on here. Nothing has changed. It's all still an FCC decision we are waiting on.

[redaddiction]

Feeling better now!

[BassAssasin]

hope it keeps going!

[fishinpox]

Still has a long way to go

[southern151]

Sure wish I had dumped this when it was over $4!

They're not even releasing any new updates or news on it that I can see after Jan 14. To me(correct me if I'm wrong), that's not a great sign.

[fishinpox]

ive lost so much money with this lol f o o k me

[redaddiction]

Hold Tight!!! There was a big meeting last week at the FCC. This is the biggest meeting so far, with a large number of attendees. With lots of legal counsel from GSAT and others in the internet and WIFI arena's. I keep up with this and I'm not worried about share price. It's just due to no news.


This news about the meeting just came out today!



Attendees – February 5, 2015 Meeting on FCC IB Docket 13-213
Wi Fi Alliance
Rich Kennedy
Greg Ennis (by phone) Russell H. Fox (counsel)
Globalstar
Barbee Ponder
John Dooley (Jarvinian Ventures)
Dennis Roberson (Roberson and Associates) Ken Zdunek (Roberson and Associates) Mike Needham (Roberson and Associates) Steve Berman (counsel)
Regina M. Keeney (counsel)
National Cable and Telecommunications Association
Rob Alderfer (CableLabs) Bernie McKibben (CableLabs) Paul R. Margie (counsel)
Wireless Internet Service Providers Association
Alex Phillips
Jack Unger (by phone)
Stephen E. Coran (counsel, by phone)
Bluetooth Special Interest Group
Mark Powell Jimmy Salame
FCC Staff
Office of Engineering and Technology
Julius Knapp Ronald Repasi Bruce Romano Geraldine Matise Paul Murray Mark Settle Rashmi Doshi Walter Johnston Karen Rackley Patrick Forster
International Bureau
Troy Tanner
Jose Albuquerque Karl Kensinger Chip Fleming Sankar Persaud

[BassAssasin]

thanks for the update!!! Im hanging in there

[southern151]

Nice jump today!

[redaddiction]

There was a demonstration that's been taking place at the FCC since last week. Tomorrow is the last day. this week will be interesting.

[PotLikinisAhabbit]

So buy more?

[redaddiction]

So buy more?


Well, wouldn't want to tell anyone yes or no. But I've done the research and if I had some free money I would still be buying. My cost average is still higher at $3.75 because I was still buying at higher prices before that hedge fund played their games with the stock. I wish I would have sold and bought back cheaper. Could of doubled my share count but I'm to chicken to play with my money like that too much. LOL

[PotLikinisAhabbit]

I got in at 1.88. So I'm comfortable with my returns already just trying to be greedy.

[fishinpox]

http://www.bloomberg.com/news/articles/2015-03-11/globalstar-nears-u-s-approval-for-mobile-service-analyst-says?cmpid=yhoo




Boom

[redaddiction]

http://www.bloomberg.com/news/articles/2015-03-11/globalstar-nears-u-s-approval-for-mobile-service-analyst-says?cmpid=yhoo




Boom



Shaka laka!!

[southern151]

http://www.bloomberg.com/news/articles/2015-03-11/globalstar-nears-u-s-approval-for-mobile-service-analyst-says?cmpid=yhoo




Boom
I wish I had a few $ laying around to put in to this one more. I started to dump some others this morning to buy in but, they jumped 8% at the opening bell so, I'll stay for now.

[swampman46]

1 yr target est- 5.50

[redaddiction]

1 yr target est- 5.50



That target has been the same since last summer. Before all the latest developments. More analysts will start covering this stock and we should start seeing increases to that target number.

[redaddiction]

Look at the big name funds who have been buying this stock. And most funds won't buy stocks under $5 from what I've read. Once we get there, look out. IMO


Name Ownership Trend
Previous 8 Qtrs Shares Change % Total
Shares Held % Total
Assets Date
Columbia Acorn Z Premium 31,000,000 0 3.11 0.52 01/31/2015
Vanguard Small Cap Index Premium 6,086,416 98,876 0.61 0.03 01/31/2015
iShares US Telecommunications Premium 4,638,810 41,052 0.56 2.88 03/11/2015
Vanguard Total Stock Mkt Idx Premium 6,029,994 0 0.60 0 01/31/2015
Vanguard Telecommunication Services ETF Premium 5,486,006 396,970 0.55 1.49 01/31/2015
Vanguard Small Cap Growth Index Inv Premium 3,972,063 40,125 0.40 0.06 01/31/2015
Fidelity® Select Telecommunications Port Premium 2,760,500 -120,300 0.28 1.89 01/31/2015
iShares Russell 2000 Value Premium 1,970,298 0 0.24 0.10 03/11/2015
Vanguard Extended Market Idx Inv Premium 2,396,984 34,615 0.24 0.01 01/31/2015
Columbia Select Smaller-Cap Value A Premium 2,300,000 0 0.23 1.21 01/31/2015
Total: Top 10 funds Premium 66,641,071 491,338 6.82

[redaddiction]

$3.54

[southern151]

Just opted out at $3.09. I'll wait and see how low it dips and, maybe get back in.

Still came out with 35%.

[fishinpox]

fcc meeting coming up on the 17th ....

[Gasper Master]

thanks for the update. any good news and the prices will climb again.

[redaddiction]

fcc meeting coming up on the 17th ....

The fcc already posted the meeting agenda and global star was not in it. But it doesn't have to be necessarily. Also they can voted on it at any time and not just during the regular meetings.

[BassAssasin]

Any updates on this one? trying to decide if i should dump it or hold on

[redaddiction]

It's still a one event stock. The FCC decision will make it or break it. The CEO did say on the last conference call though, "The third quarter will have some things develop that will be interesting to shareholders".

I'm holding till something happens one way or another. I'm in for 5000 shares. I'd like it to hurry up though so I can take profits and buy some of that LNGLF.

[fishinpox]

I've already lost my balls on it ... Holding out

[BassAssasin]

I've already lost my balls on it ... Holding out

yea, im down half of my initial investment. may just hold and hope

[simplepeddler]

I'm out......sold today

[redaddiction]

Whoever is in this get ready! The FCC just announced a decision is forthcoming. Trading was just halted earlier after a quick run up in price.

[redaddiction]

Trading has resumed.

[bjhooper82]

I've been buying up oil stocks lately but want to start getting a little more diverse. Looks like GSAT made a good jump today. May buy some Monday.

[redaddiction]

I've been buying up oil stocks lately but want to start getting a little more diverse. Looks like GSAT made a good jump today. May buy some Monday.


Better hurry. It hit $3.30 in after hours trading. If the pre-market on Monday is busy. I expect the price to gap up at the opening bell.

[bjhooper82]

Better hurry. It hit $3.30 in after hours trading. If the pre-market on Monday is busy. I expect the price to gap up at the opening bell.

Yeah, saw that. How high are you expecting it to go?

[redaddiction]

Who knows. But there are over 60 million shares shorted in this stock so they will have to cover those shorts and buy back shares. Will make it pop a bit. $4 should come easily.

[bjhooper82]

Who knows. But there are over 60 million shares shorted in this stock so they will have to cover those shorts and buy back shares. Will make it pop a bit. $4 should come easily.

Yeah, that's the billion dollar question I guess. Thanks for the heads up, I'm going to try and scoop up a few shares Monday.

[fishinpox]

4600 shares @ 4.42

Need this $hit to get back over 4$
Grow baby Grow

[redaddiction]

Need this $hit to get back over 4$
Grow baby Grow



That'll be easy. Watch it close on Monday if you're looking to sell.

[K W]

What y'all thoughts so far on this monday
Have a small play in it
Thought I saw a very large sell at 3.00 pop up a little bit ago

Sent from my iPhone using Tapatalk

[bjhooper82]

I got in at 2.80 this morning. I hope it pops quick!!

[bjhooper82]

Not moving much this morning.

[K W]

That'll be easy. Watch it close on Monday if you're looking to sell.



This isn't going to move till the fcc rules...

[swampman46]

Down 25% at opening this morning. Yikes! One FCC member voted against. Glad I dumped at 2.20

[Gasper Master]

down 45% now.... Glad i didn't buy in the other day.

[swampman46]

make that 59% now. :(

[Big Hutch]

2 out of the 5 members have now revealed that they voted against the proposal. It's not looking good for those of us still invested...

[bjhooper82]

Glad I dumped it at 2.66 !! Lost a little over $100

[Goooh]

This is not fun to watch guys


Sent from my iPhone using Tapatalk

[redaddiction]

It's always been thought that it would be a 3-2 vote in favor of the ruling. But still makes me nervous. I'm down $6000.00 right at about 60%.

[bjhooper82]

It's always been thought that it would be a 3-2 vote in favor of the ruling. But still makes me nervous. I'm down $6000.00 right at about 60%.

Ouch!!! I bet Pox is throwing up right about now

[fishinpox]

lol just glad i didnt buy more a week ago !

[bjhooper82]

lol just glad i didnt buy more a week ago !

I hear that. I hope it comes back up for you guys that dropped some serious coin on it. Good luck

[fishinpox]

I might say screw it n by a bunch more if it goes down to 0.75 n hope it goes up to 2.25 just to try n something back lol

[redaddiction]

I might say screw it n by a bunch more if it goes down to 0.75 n hope it goes up to 2.25 just to try n something back lol


I thought about selling after the first commissioner released his vote of no yesterday. Because i new the market would react negatively and the price fall a bit and I could buy back in. But damn, when i saw it below .70 this morning I was kicking myself. I coulda bought back triple the shares I had.

[calcutta37]

Bought some today

[redaddiction]

Bought some today


It's all coming to a head now. I been keeping up with the headlines. Things are busy at the FCC on this matter. Negotiations are taking place and everyone is saying by end of month. I'm ready! Want to move this money to some oil stocks and hold long.

[calcutta37]

Also bought GEVO

[fishinpox]

Grow baby grow

[calcutta37]

Bought some more today on the big dip this morning.

[redaddiction]

Bought some more today on the big dip this morning.


I had an itchy finger all day after it dropped. But didn't do it. Go too much already. Lets just say I am NOT diversified in my portfolio. LOL

[bjhooper82]

So what's the latest with the FCC verdict??

[bjhooper82]

Guess nobody wants to talk about it...

[redaddiction]

Guess nobody wants to talk about it...

All I heard was they are re writing some things in the proposal to appease the GSAT opponents. Only one commissioner voted so far. Still in wait mode.

Search groups on Facebook for "Globalstar Investors - GSAT" and join it. It will keep you up to date on what's going on. Very knowledgable people posting there.

[Gerald]

The price of GSAT is holding steady at little above $ 1 for the past month. At $1.22 now.

[calcutta37]

I been buying it up. Ready for it to make a run.

[K W]

May be making another purchase on it if it will go back below 1.2 for a sec


Sent from my iPhone using Tapatalk

[bjhooper82]

Good luck to you guys who are still in it and planning on buying more. I'm staying out but I truly hope you guys make good money with it. I hung on to my Stone energy stock and am actually doing pretty good on it right now even with the reverse split they just did.

[redaddiction]

Good luck to you guys who are still in it and planning on buying more. I'm staying out but I truly hope you guys make good money with it. I hung on to my Stone energy stock and am actually doing pretty good on it right now even with the reverse split they just did.

I'm so mad about stone. I been waiting in GSAT or should I say waiting on the FCC to finalize this so this stock would pop. Stone energy been on my watch list for a year.

[bjhooper82]

I'm so mad about stone. I been waiting in GSAT or should I say waiting on the FCC to finalize this so this stock would pop. Stone energy been on my watch list for a year.

Yeah, they've had a couple of good weeks in a row and got up in the $16 range a few times last week.

[K W]

Yeah, they've had a couple of good weeks in a row and got up in the $16 range a few times last week.



With how it was running this afternoon - I took a shot for a quick pop but may hold on - not sure how high I truly think it can go..


Sent from my iPhone using Tapatalk

[bjhooper82]

With how it was running this afternoon - I took a shot for a quick pop but may hold on - not sure how high I truly think it can go..


Sent from my iPhone using Tapatalk

It hit $17.90 pretty quick!

[calcutta37]

I just don't get SGY. It makes no sense that this stock is where it is. They did a R/S then canceled there contract with Ensco 8503. They have some good things going on in the Appalachian field and that's it. Don't think it's worth 17 bucks. Am I missing something??

[redaddiction]

I just don't get SGY. It makes no sense that this stock is where it is. They did a R/S then canceled there contract with Ensco 8503. They have some good things going on in the Appalachian field and that's it. Don't think it's worth 17 bucks. Am I missing something??


But it's $17 post split. It's like it's at a $1.70 if the split never occurred. It would have to get to over $400 now, to get to where it was 2 years ago.

[bjhooper82]

SGY is over $20 today!

[K W]

Just sold the stone I bought yesterday pm.. One of my better decisions

[bjhooper82]

Just sold the stone I bought yesterday pm.. One of my better decisions

Nice! I'm way up on it and holding it long.

[K W]

Nice! I'm way up on it and holding it long.



I should have not looked at my phone this am until lunch! Dang


Sent from my iPhone using Tapatalk

[Goooh]

How are y'all way up on SGY if they did a reverse split?

[Goooh]

If you had 1,000 shares at $3.00/share you now have 100 shares at $30.00/share and not 1,000 shares at $30.00/share

Has the actual value of your pitfalls changed?

[meaux fishing]

If you had 1,000 shares at $3.00/share you now have 100 shares at $30.00/share and not 1,000 shares at $30.00/share

Has the actual value of your pitfalls changed?



Because the shares cost more... Come on man

[redaddiction]

How are y'all way up on SGY if they did a reverse split?

Because the price after the split was around 5 per share. If you bought at that time then you quadrupled your money.

[Goooh]

Gotcha

[K W]

If you had 1,000 shares at $3.00/share you now have 100 shares at $30.00/share and not 1,000 shares at $30.00/share

Has the actual value of your pitfalls changed?



Short term plays... Wasn't in before the split.. Wish I would have picked it up at $5.00/share


Sent from my iPhone using Tapatalk

[calcutta37]

Moving boys..Hope ya'll averaged down.

[PotLikinisAhabbit]

Moving boys..Hope ya'll averaged down.


110640

[redaddiction]

110640


I saw that post on Facebook. It's a dumb statement because someone had to step up and buy at those prices in order for his limit sell order to execute. So that means the price was going up regardless of his limit order.

[calcutta37]

http://www.streetinsider.com/Corporate+News/GlobalStar+(GSAT)+Enters+Strategic+Agreement+with+ Carmanah/11987410.html

Tomorrow will be interesting.

[redaddiction]

http://www.streetinsider.com/Corporate+News/GlobalStar+(GSAT)+Enters+Strategic+Agreement+with+ Carmanah/11987410.html

Tomorrow will be interesting.


Nice! I love after hours news!

[fishinpox]

Can we at least get a handy on this .... damn

[redaddiction]

Up 30% since Tuesday. A lot of objectors to their plan have submitted letters this week to the FCC saying they are ok with it now.

[redaddiction]

News after market close! The revised proposal has be put on "circulation" at the FCC. Meaning, they will now vote on it. 99% of the time, and item put on circulation already has the votes needed to pass. The Chairman usually wouldn't present it to the commissioners other wise.


Expect a pop on Monday.

[redaddiction]

Globalstar Pops 17% as Airwave License Heads Toward FCC Approval
By Scott Moritz
(Bloomberg) -- Globalstar Inc. rose as much as 17 percent in extended trading as the company’s revised request to offer mobile broadband service moved closer to federal approval.
The shares extended their gain, reaching $1.23, after closing at $1.05, up 12 percent, in regular trading in New York. The U.S. Federal Communications Commission is circulating the proposal, according to the agency’s website, in a sign that a decision could be coming soon.
Globalstar is likely to get approval for use of Terrestrial Low Power Service spectrum licenses for commercial mobile broadband before FCC Chairman Tom Wheeler leaves his position, Maglan Capital Chief Investment Officer Steven Azarbad told Bloomberg News in an interview. Maglan Capital is one of Globalstar’s top 15 holders, he said.
The satellite phone service company has addressed concerns raised by companies like Sprint Corp. and Microsoft Corp., Azarbad said.
Shares of Covington, Louisiana-based Globalstar, which provides mobile voice and data communications via satellite, are down 27 percent this year through Friday’s close.

[calcutta37]

���� bout time.

[redaddiction]

���� bout time.

I know. I'm down about 60% right now. I bought some when it was over $4 per share!!!

[calcutta37]

I'm making money. Would love to see 4

[redaddiction]

I'm making money. Would love to see 4



$4 will come easy once we get all the yes votes we need. It ht that before on just speculation.

[fishinpox]

Was hard for me to not buy more in the 0.80's this past week to offset when I bought in over 4$ . Might place order Monday but I expect it to climb high Monday .

Ride or die lol I'm

[fishinpox]

3$ this week? I say yes

[redaddiction]

3$ this week? I say yes

Easily, if it gets final approval.

[redaddiction]

News of "recirclation" came after market close Friday. So Monday will be very active. I say we will see a minimum 50% gain on Monday alone.

[fishinpox]

Grow baby grow

[redaddiction]

Grow baby grow



We just need that darn approval already!!!

[fishinpox]

Put order in for another 20,000 shares 🎲🎲🎲

[redaddiction]

Put order in for another 20,000 shares 🎲🎲🎲

#imjealous

Good luck! Should make a ton of it all goes the right way!

[redaddiction]

Get ready!!!!! Rumor is out about approval coming. Expect it to gap up at the market open.

[fishinpox]

Messageboards blowing up last night/ this morning ..... GSAT come at me bro

[redaddiction]

Messageboards blowing up last night/ this morning ..... GSAT come at me bro


You already making coin on that 20,000 shares!

[PotLikinisAhabbit]

Shorts are still at it. Hopefully we get a big squeeze and bankrupt their asses.

[fishinpox]

You already making coin on that 20,000 shares!



Still have a bunch I bought in the 4.40 -/+ range .
Just pissed I didn't buy early last week when it was in .80's , would have deff been banking this week.

Thinking of placing another order of 20,000 shares if it goes below 1.50 before approval


Sent from my iPhone using Tapatalk

[redaddiction]

Still have a bunch I bought in the 4.40 -/+ range .
Just pissed I didn't buy early last week when it was in .80's , would have deff been banking this week.

Thinking of placing another order of 20,000 shares if it goes below 1.50 before approval


Sent from my iPhone using Tapatalk



You will be luck just to buy under $2.00 tomorrow! We probably won't see it fall back that far.

[fishinpox]

YIPI ........ the next crap shoot lol

[redaddiction]

YIPI ........ the next crap shoot lol

Yes for sure. And also TRKK. They are tied to Globalstar as well. It's at 2 cents. Was at 1.75 earlier this year then they got a short attack played on them. I'm gonna buy 200,000 shares of TRKK after this GSAT business plays out. LOL. I haven't done serious research yet though.

[redaddiction]

Pulling this off the Facebook investors page.

"Communications Daily reports tonight that Clyburn voted yes and Rosenworcel still undecided but that makes 4 yes votes. Further, CD reports FCC confirmed that 3 yes votes triggered "must vote" procedures. They did not indicate what date was set for Rosenworcel's "must vote". I don't see why she wouldn't vote tomorrow."


We technically ony need a 3-2 vote to get approval. This is a done deal. Once FCC makes it publicly official, the stock will rocket!

[fishinpox]

Interim Globalstar Regulatory Update - December 22, 2016

We have learned that as of close-of-business yesterday, December 21st, three (3) favorable votes have been registered in the FCC Commissioner electronic voting system for approving Globalstar’s revised Terrestrial Low Power Service (TLPS) proposal. Significantly, both GOP Commissioners now support the revised proposal. The proposal requires bipartisan support to be approved in this Post Election period

We have learned that:

? Chairman Wheeler, Commissioner Ajit Pai and Commission Michael O’Rielly have already voted in favor of the revised decision authorizing TLPS.

? Commissioner Mignon Clyburn’s favorable vote is expected shortly (her support for TLPS has never flagged), and end-of-year travel and logistics are the likely reason she has not already voted. She can vote electronically and we expect her favorable vote imminently.

? Commissioner Jessica Rosenworcel’s position remains unclear at this juncture, but Chairman Wheeler has effectively neutralized her by already securing the majority needed to approve the item. Even in this unusual Post Election period where only non-controversial and non-partisan measures are moving, a 4-1 vote is sufficient for approval.

Takeaway: In the last 24 hours, Globalstar has apparently secured approval for TLPS before the end of calendar year 2016, Commissioner Rosenworcel may still possibly inject modest delay in the process by declining to vote altogether. But, we do no believe that to be the case.

Under current FCC procedures, however, if an item has three votes on circulation, it can trigger “must vote” procedures, requiring the other Commissioners to vote by a set deadline, usually within a couple of weeks. Accordingly, even if Rosenworcel wanted to stall the item on behalf of unlicensed interests that she is closely aligned with (we have no knowledge of such an effort on her part), she could not delay her vote until the Presidential Inauguration and Chairman’s Wheeler’s announced departure. While possible, we view such behavior as unlikely.

We are collecting additional information on the status of the vote and seeking confirmation that no untoward one-off terms or conditions slipped into the item on the 8th Floor, and expect to circulate a second interim alert during business hours later today.

[calcutta37]

Hope today is the day.

[calcutta37]

Halted

[fishinpox]

Globalstar Said to Get Fifth Vote at FCC as Trading Halted

(Bloomberg) -- All five members of the FCC have voted to approve Globalstar’s plan for heavier use of its airwaves, said official speaking on condition of anonymity because matter hasn’t been made public.

FCC could publish Globalstar order in coming days

NOTE: Globalstar trading halted for pending news

[fishinpox]

About to place order for 500,000 shares of TRKK

[redaddiction]

Can't wait for trading to resume!

[fishinpox]

Trading open

[redaddiction]

About to place order for 500,000 shares of TRKK


I'm gonna do that too at some point. Also with MDLNF.

[Gasper Master]

Any reason why it is dropping like a rock now?

[fishinpox]

Any reason why it is dropping like a rock now?

Shorts


There was a conference call today that was supposed to discuss future plans , I've been on a plane so I was unable to listen . Hopefully if goes up if some good stuff was discussed

On another note TRKK hit .06 today

[redaddiction]

Shorts


There was a conference call today that was supposed to discuss future plans , I've been on a plane so I was unable to listen . Hopefully if goes up if some good stuff was discussed

On another note TRKK hit .06 today



The conference call is next Friday.

[fishinpox]

* correction Jan 6th

[fishinpox]

The conference call is next Friday.

Ha just saw u posted this lol

[Trout rivers]

What's the move on this? Has the FCC finalized I haven't seen any news on this..

[calcutta37]

Dropping to fill the gap @ 1.15 then will probably head back up.

[redaddiction]

What's the move on this? Has the FCC finalized I haven't seen any news on this..

They voted 5 to 0 in favor of it. But the company hasnt released any info on partners or future revenue, so the stock will linger until that happens.

[redaddiction]

Dropping to fill the gap @ 1.15 then will probably head back up.


I just saw that the hedge fund that made the stock crash in 2014 is going to put out another short thesis about GSAT tomorrow. Will be the same with lots of misinformation like last time causing people to sell. So expect it to drop before it goes up again.

[redaddiction]

If you're not already I suggest joining the Facebook page for the stock investors to stay on top of the day-to-day news. Search Globalstar Investors - GSAT

[calcutta37]

Thanks but I don't do Facebook. Will see what happens in the next few weeks.

[redaddiction]

Thanks but I don't do Facebook. Will see what happens in the next few weeks.







I'm ready to buy some more if it falls to a buck.

[Trout rivers]

I'm watching and waiting for sure

[redaddiction]

$1.62 as I type this. Meeting on Monday with investment banks JP Morgan and Morgan Stanley.

[Trout rivers]

Starting to move

[fishinpox]

Odeon: DESK ANALYST VIEW

We just concluded a very positive meeting with GSAT management hosted by Odeon Capital.

Key takeaways:

1. The Company is in active discussions with strategic partners that include major Tech Co.’s and carriers including and not limited to: TMUS, S, VZ. T, CMCSA, CHTR. AMZN is testing GSAT spectrum; unclear for what purpose. Strategic partners are somewhat still constrained by the ongoing Broadcast auction which has been a limiting factor in discussions.

2. Importantly, GSAT’s spectrum is a global asset and while many tend to focus on just the US spectrum, International is the larger band. Several players understand the global nature of the spectrum which is what makes it very valuable.

3. GSAT plans to file for International approval in 10 countries by year end – currently filed petition in three countries and another one is expected by quarter end with coverage of 6.2M MHz-POPs. The goal is to get to 9.9B MHz-Pops globally.

4. No realistically 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.

[redaddiction]

Morgan Stanley:

Telecom Services: Globalstar Meetings Highlight Spectrum Optionality

Globalstar recently received FCC approval for terrestrial use of its 2.4 GHz spectrum. With no build-out requirements, this could be another option for carriers evaluating their spectrum position following the completion of the Broadcast Incentive auction.

Holders of 2.4 GHz spectrum. We recently met with Globalstar management and gained additional perspective on how their 2.4 GHz spectrum could fit into the rapidly changing wireless environment. The company appears keen to ?derisk? the business by partnering with somebody who can deploy the spectrum in their business in the US, and possibly internationally. In the near term, Broadcast auction anti-collusion rules limit conversations.

Newly approved spectrum has no build-out requirements. Globalstar received FCC approval to use its 11.5 MHz of 2.4 GHz S band spectrum for terrestrial purposes on Dec. 23, after scaling back a more ambitious proposal to combine this spectrum with unlicensed spectrum. We note there will be no terrestrial build-out requirements, allowing targeted use in dense urban areas. The company believes that this spectrum will be suitable for indoor and outdoor small cell deployments by carriers, cable companies or tech companies. Using the TD-LTE standard should shorten the deployment cycle to include the chipsets in transceivers and devices. The company has already filed applications for terrestrial authority in three other countries, with more to come initially targeting an additional 375M pops.

Their satellite license from the ITU covers some 194 countries, they also have spectrum holdings in the 1.6, 5 and 7 GHz bands. Separately, Globalstar continues to push forward with leveraging their new upgraded satellite constellation with new product launches in the pipeline.

The wireless industry can evaluate spectrum options after the auction ends. The company is open to a variety of solutions to ?derisk? the business including leasing the spectrum via a traditional lease or a prepaid lease. We believe the rapid growth in mobile data is creating demand for additional spectrum, with Verizon and T-Mobile potentially the most interested in adding to their spectrum portfolio. Globalstar is but one potential option for these companies, with Dish, Ligado and unlicensed spectrum also in the mix. Once the spectrum auction ends, we could see a flurry of strategic activity in the wireless space.

[Trout rivers]

Everybody waiting on that earnings report Thursday?

[bjhooper82]

All BS aside guys, I know y'all that are invested hope it runs, hell, I hope it runs for you guys too. But what are your honest thoughts on where it will go? Will it get back to $4 a share witihin the next month? Or is it headed further south of $2?

[fishinpox]

I don't think it will go north of 4$ until they announce partners . When will that be? Hopefully soon , maybe not until they get the international approvals they are trying for. I would love to see it happen soon but I'm prepared for the long haul . If it goes back down below 1.30 I will buy more . Are u on facebook? Try joining global star investors page , lots of useful info

[redaddiction]

There is an auction going on right now at the FCC for some spectrum rights. Companies who are bidding on spectrum are not allowed to discuss publicly any ongoing deals that may be in the works. The FCC doesn't want it to affect auction prices. So until that is over with, we wont hear any news about partners with Globalstar. I think it ends in March sometime. All we really need to see the share price rise is for the company to publicly announce its plans. It's just tough waiting. I've been waiting over 3 years so a few more months won't hurt. I just keep buying when I get extra funds.

As pox said, get on the Facebook page. It will keep you informed of the latest goings on.

[Trout rivers]

Good info on Facebook for sure.

[Trout rivers]

I heard there's a increased demand for GSAT's SPOT... anyone can confirm?

[Trout rivers]

http://dailylounge.com/the-daily/entry/amazon-could-be-creating-its-own-internet-servicethats-wireless

Hope this is that they partner with Amazon we will see 10$ plus real quick.

[fishinpox]

Amazon
Sprint
Att
Verizon
Apple
Google
Yahoo
The list of potential partners go on ! Exciting times!!

[redaddiction]

Amazon
Sprint
Att
Verizon
Apple
Google
Yahoo
The list of potential partners go on ! Exciting times!!

And their spectrum license is world wide not just the U.S. They are the only company on the world that has this.

[Trout rivers]

Can't wait for it lift off!

[redaddiction]

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