The chart is a description of what is happening internally at GSAT. I've patterned corporate events, alongside the daily trade of its securities, since before the advent of the p.c., when I had to do it by hand. The 5-year pattern established , suggests the company is proceeding as laid out through its public communications. I fully expect it to rcve. approval w/ FCC protocol and achieve wide adoption as an another robust platform for communication transmission in the wider public arena.
Look at the 13(a), (b) filings for an indication of just how far they have journeyed these past few years, and I'm certain you shall find some comfort in your long-positions, too.
The company is authorized to redeem convertible obligations, as they become due, into a share maximum of 249,000,000. It explains the recent escalation in daily share-volume traded. Expect another reverse-split, perhaps, of 1-for-100, and maybe, much greater than that. I don't know how many shares remain to be placed into the float but, if it is significant, it could drive the stock price even lower.
Someday, the legacy obligations will be satisfactorily retired. Then, if the company is still solvent, and a reverse-share adjustment has been executed, those subsequent shares may be worth a look.
Equity has been diluted by a factor of 30,000,000 -to -one, since 2012. If you had had $30,000,000.00 of common stock in SAPX, January 2012, today, its value would be almost $1.
The motion-picture business hasn't changed much in the past 100-years, after all.