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Globalstar Inc. Message Board

dick.nixon 3 posts  |  Last Activity: Apr 29, 2014 2:07 PM Member since: Nov 9, 2011
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  • dick.nixon dick.nixon Apr 29, 2014 2:07 PM Flag

    Setting aside our little he-said, she-said (time will tell which of us is right), those form 4s look like Ponder and Hasler both received options yesterday. That tells me nothing about the likelihood of a positive FCC decision. Looking at previous insider trades, regular sales by a few GSAT execs tell me what I already know. They are paid significantly less than their peers in the industry and make up the shortfall by selling shares as necessary.

    Sentiment: Sell

  • dick.nixon dick.nixon Apr 29, 2014 10:59 AM Flag

    Paragraph 1. No, they (COFACE) didn't.
    Paragraph 2. Of course they could, but the answer will be no. ATC in any form - real or imagined - hasn't been seen outside the US. And certainly not in the EC.
    Paragraph 3. What do Lightsquared and Dish have to do with Globalstar?

    Hopes and dreams may drive your market cap but they don't tend to win the day at the FCC. Try again.

    Sentiment: Sell

  • dick.nixon dick.nixon Apr 29, 2014 9:42 AM Flag

    Don't forget that Globalstar gave the FCC two big middle fingers when they chose to license their second generation constellation with the French government rather than the FCC.

    From the 10k:
    - We licensed and registered our second-generation satellites in France.
    - The French National Frequencies Agency (“ANFR”) is representing us before the ITU for purposes of receiving assignments of orbital positions and conducting international coordination efforts to address any interference concerns.

    Our former Non-Geostationary Satellite Orbit (“NGSO”) satellite constellation license issued by the FCC was valid until April 2013. We have filed an application to modify and extend this license. Under the FCC’s rules, we may continue to operate our constellation pending the FCC’s approval of our application. This license application applies only to our continued use of our first-generation satellites.

    There are some long memories at the FCC. And that may begin to explain why Globalstar's application to modify their first generation license is still sitting, ungranted, one year later. If you think the FCC views Globalstar as a purely US company (or even views them in a positive light), you're nuts. And if you think those views won't shade what they do with TLPS, you're even more nuts. Not too many Globalstar fans walking the halls at the FCC...

    Sentiment: Sell

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