Thread: GSAT
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Old 10-01-2014, 09:19 PM
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redaddiction redaddiction is offline
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Quote:
Originally Posted by Gasper Master View Post
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.
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