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sandpaints 43 posts  |  Last Activity: May 27, 2016 4:18 PM Member since: Nov 5, 2012
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  • sandpaints sandpaints May 27, 2016 4:18 PM Flag

    I find it interesting that although the FCC acknowledged there is fraud taking place within the Lifeline program, Chairman Wheeler was instrumental in trying to avoid putting a cap on how high that abused spending could continue to run without limits going forward. It's difficult to interpret Wheeler's words and actions, IMO.

  • More trouble for Wheeler:
    " Committee Launches Investigation Into Universal Service Lifeline Program

    WASHINGTON, DC – House Energy and Commerce Committee Chairman Fred Upton (R-MI) today announced that the committee is launching an investigation into waste, fraud, and abuse in Universal Service Lifeline program.

    The investigation comes on the heels of the Federal Communications Commission’s (FCC) recently issued Notice of Apparent Liability alleging massive fraud in the Lifeline program perpetrated by Total Call Mobile. Committee member Rep. Mike Pompeo (R-KS) sent a letter to the committee earlier this week asking the committee to investigate the mismanagement of the Lifeline program.

    In light of the FCC’s notice and Rep. Pompeo’s letter, Chairman Upton writes, “I have instructed Committee staff to begin an investigation of the Lifeline program consistent with your recommendation. As you so aptly observe, such action is necessary to ensure not only that ratepayer dollars are responsibly spent but also to ensure the long-term effectiveness of the program for those that truly need the assistance.”

  • sandpaints sandpaints May 26, 2016 12:03 PM Flag

    And then there's this bad news for Wheeler published today also: FCC not doing well in courts.

    " WASHINGTON, DC – Communications and Technology Subcommittee Chairman Greg Walden (R-OR) issued the following statement after the Third Circuit Court of Appeals ruled against the FCC’s decision to limit joint sales agreements:

    “This is yet another unsurprising chapter in the FCC’s miserable history on the media ownership rules. We have warned the Commission repeatedly over the past three Congresses that it cannot shirk its statutory responsibility and it cannot cut corners on good process. Today, the court correctly points out that the FCC’s failure to address the media ownership rules in the Quadrennial Review, which at this point is ten years late, is fatal to its actions on joint sales agreements. In other words, the FCC can’t put the cart before the horse, in addition to its many other process failures,” said Walden.

    He continued, “These failures have real world consequences, taking a particular toll on minority broadcasters and minority media creators, who are already struggling mightily to survive. It is a sad statement on FCC leadership that the agency must be taken to court in order to force it to comply with the plain reading of its statute; this entire process was an unnecessary waste of time and money and taxpayers are footing the bill. This committee will continue its longstanding effort to work on reforming FCC processes and force the FCC to address the years of compounded bad habits that have made it an institution that sees itself as above the law. Instead of tilting after windmills on ISP privacy and other headline-grabbing issues du jour, the FCC should do the work that Congress has assigned."

  • Reply to

    Big Jay

    by groundlegs May 25, 2016 10:22 PM
    sandpaints sandpaints May 26, 2016 12:33 AM Flag

    And then there's this bad news for Wheeler published today also:
    " WASHINGTON, DC – Communications and Technology Subcommittee Chairman Greg Walden (R-OR) issued the following statement after the Third Circuit Court of Appeals ruled against the FCC’s decision to limit joint sales agreements:

    “This is yet another unsurprising chapter in the FCC’s miserable history on the media ownership rules. We have warned the Commission repeatedly over the past three Congresses that it cannot shirk its statutory responsibility and it cannot cut corners on good process. Today, the court correctly points out that the FCC’s failure to address the media ownership rules in the Quadrennial Review, which at this point is ten years late, is fatal to its actions on joint sales agreements. In other words, the FCC can’t put the cart before the horse, in addition to its many other process failures,” said Walden.

    He continued, “These failures have real world consequences, taking a particular toll on minority broadcasters and minority media creators, who are already struggling mightily to survive. It is a sad statement on FCC leadership that the agency must be taken to court in order to force it to comply with the plain reading of its statute; this entire process was an unnecessary waste of time and money and taxpayers are footing the bill. This committee will continue its longstanding effort to work on reforming FCC processes and force the FCC to address the years of compounded bad habits that have made it an institution that sees itself as above the law. Instead of tilting after windmills on ISP privacy and other headline-grabbing issues du jour, the FCC should do the work that Congress has assigned.”

  • Links available at GSAT website investor's page.
    Starting to review them, appears Barbee Ponder added 250,000 shares - possibly a payday reward.

  • Reply to

    From Maglan FB post "DC Lawyers"

    by cpt10451 May 18, 2016 3:45 PM
    sandpaints sandpaints May 18, 2016 3:54 PM Flag

    Nice work by Maglan - but not sourced. That said, this sounds good enough as one of the alternative rumors making the rounds. Bottom line - this is going to be voted 'Approved'.

  • Reply to

    825 Locations - Reporter Error Possible

    by sandpaints May 18, 2016 12:17 AM
    sandpaints sandpaints May 18, 2016 3:48 PM Flag

    What's usual about GSAT? In addition, I note that last minute changes to the Commission Meeting Agenda happen often - witness last month's agenda changes and hour by hour delays in starting the meeting that moved the start time on the last day from morning to several other time slots, finally beginning in the late afternoon. There is no deadline for changes to the Agenda - in fact I have seen meetings where they have cut items that were on the agenda during the meeting itself.

    Would like to point out that there is currently legislation in the Congressional pipeline that has moved from the Commerce committee on a vote that will require the FCC to make public within 24 hours anything 'circulated' for approval. Eventually the rules will be changed such that the GSAT circulated R&O would by now already have been open for reading. Recall that Commissioner Clyburn made the NPRM available for reading even prior to the vote.

    We will see what happens later today, but that does not rule out this coming onto the May agenda at any time.

  • Reply to

    Guggenheim comment now on Gsat web site

    by garthisback May 18, 2016 10:51 AM
    sandpaints sandpaints May 18, 2016 11:21 AM Flag

    Yes - perhaps 825 refers to eighth month 25th day August 25th. May 25th Commission Meeting would be within the 'typically three weeks' following circulation. See my other post on this subject.

  • Reply to

    825 Locations - Reporter Error Possible

    by sandpaints May 18, 2016 12:17 AM
    sandpaints sandpaints May 18, 2016 11:09 AM Flag

    See Globalstar company website posting of Guggenheim document
    globalstarDOTcom/en/ir/docs/Guggenheim_Report_May_16.pdf

    That states:
    "TIMING -
    Following circulation, it typically takes about THREE weeks for a draft ruling to be voted on. That would imply an early June FCC approval. But Globalstar’s application has attracted a surprising level of opposition, so a
    delay beyond three weeks is possible as Globalstar counters its opponents in lobbying the Commissioners."

    End Quote.
    So consider this: The public posting of the circulation took place on the 13th - which means the R&O could likely have been circulated as early as Monday of last week or late the Friday before that. This puts the circulation within the 'typically takes about THREE weeks" range. It can go on the May agenda any time at the decision of Wheeler - based on his leadership record where sometimes votes are taken where he has given some commissioners only a few hours notice time to read documents to be voted ( see previous complaints by other commissioners about the actions of the Chairman during meetings.

    May 25th vote is not out of the question - be ready.

  • Reporting that first year locations will be set at 825 could mean - set at August 25 - given approval on May 25 allowing GSAT and potential partners to identify location by 3 months after approval. This would be timely for identifying the schools, libraries, and hospitals to be served too, as well as selecting commercial locations - and clearly setting a date certain by which to identify to the FCC those locations to be monitored.

    August 25 would allow partners and GSAT to set agreements and coordinate. Publication of the R&O would also have been made in the Federal Register as generally required to effect FCC decisions within that time frame. Lock down - 8th Month / 25th Day and bring the spectrum live from there.

    Schools generally don't start until Labor Day - allowing enough time for access points to be setup or converted as necessary as outlined.

    IMO, the reporter may have misunderstood the information provided by the source - (having been a freelance photo journalist for a few years during my working career, I know well how easy it is sometimes to mistake names or facts, interview NOTES, etc.) Thus, "first year locations will be set, 825," becomes:____ you get the point but it comes out skewed.

    825 is three months following 525 (the next Commissioner's Public Meeting). Between the circulation date and May 25 there is enough time for the Commissioners to read the R&O and exchange ideas, they have voted on equally as complicated matters in less time than that prior to holding a public meeting vote.

    Approval could happen any near term time, there is no reason to just assume that alleged 825 is properly understood and the supposed fact is lacking confirmation - although it has been repeated by TMF Associates and others willing to post echoes of the as yet 'unidentified' FCC source or rumor.

    My idea above came forward into my mind while resting and allowing my mind some daily freedom.

  • Reply to

    A GSAT partner turns PROFITS - today

    by sandpaints May 17, 2016 10:54 AM
    sandpaints sandpaints May 17, 2016 11:01 AM Flag

    Symbol TRKK on the above story, for those interested in following GSAT partners such as YIPI etc.

  • "In February, in partnership with Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar Inc., the Company's Global Telesat Communications ("GTC") subsidiary signed its latest government contract, a sales and support agreement with the UK Forestry Commission in connection with its purchase of up to 550 SPOT Gen3™messengers for its remote field staff.
    During the first quarter, the Company continued its global expansion with the launch of its first Asian marketplace on Amazon Japan. The launch of GTC Japan is the second international marketplace launched by the Company in the last two quarters and serves as the gateway for further expansion throughout Asia and into the Chinese market."

    Search:
    "Orbital Tracking Corp. Reports Profitable First Quarter 2016 Financial Results"
    Quarterly Revenue Increases 62% and Gross Margins Improve 34% Driven by Increased Subscription-Based Revenue

  • sandpaints sandpaints May 16, 2016 4:11 PM Flag

    Excellent observation Gully. TLPS is going to go live. And amending the ATC is consistent with the Congressional goals to put more satellite spectrum into terrestrial use. The door is being opened - read the clues (ALERT for newbies who want to understand what's about to become reality.)

  • sandpaints sandpaints May 16, 2016 4:05 PM Flag

    Dang, that always happens as you go UP 12.24% for the day. Just keep laying eggs, a lot of the new hens here. Churn em UP.

  • Reply to

    825 access points, ONLY in the first year

    by gsat2016 May 13, 2016 8:33 PM
    sandpaints sandpaints May 16, 2016 3:02 PM Flag

    Assuming it's an inaccurate rumored leak, the government regulatory process and certification would be outsourced to MSFT?

    Regarding the leaking source, see Jim Cramer's excellent video on how to create leaks as featured in his famous YouTube video interview. Search 'Cramer Manipulation' interview.

  • Reply to

    Can we get this back to 2

    by kinsma.i6684 May 16, 2016 12:58 AM
    sandpaints sandpaints May 16, 2016 2:08 PM Flag

    Time to buy now - expect bigger trades this afternoon. Day Traders having a good day so far mostly, IMO.

  • sandpaints sandpaints May 16, 2016 9:22 AM Flag

    "We won't know the answer to this until the full staff votes,....." - hmm. How do you get that many FCC staff up onto the 8th floor ?- that's going to require a lot of donuts. Only wondering what the ratio of staff to doughnuts might be and which stairwell will be most crowded.

    "...since the FCC, like ALL government organizations, loathes negative publicity and avoids risk" makes one wonder how Wheeler will lead on the transgender bathroom use in these trying times. Sotto Voce.

  • Reply to

    $17 - $19 per share

    by tothebeach57 May 15, 2016 2:15 PM
    sandpaints sandpaints May 16, 2016 1:52 AM Flag

    RALAVANCE - you say? Let's guess who is ILLETERATE?

    OK then, you never shorted and you aren't short now. I believe that.
    Wait, wait, don't tell me. 😆😆😆😆😆😆😃😃😃😃😃😃😃 - one of these is not like the others.

  • Reply to

    $17 - $19 per share

    by tothebeach57 May 15, 2016 2:15 PM
    sandpaints sandpaints May 16, 2016 1:36 AM Flag

    Guys like Kinsma will probably start having a nose bleed at $10 per share, eh? Of course by then they would have been closed out by their brokers, most likely? Suppose we will never know all the details, but would be interested to see posted how much Kinsma and other retail shorts lose and what's their breaking point? This situation is sort of like putting the tip of a burning cigar to the hind end of a wood tick until it lets go, or pops.

  • Quarterly report out of the way, FCC quiet period over - look for action on buy side support. Also potential partner's and as Vic pointed out - money looking for gains can come in off the sidelines. IMO, too much pressure for the shorts to make a pretend last stand head fake - in the end if they try that they will just be throwing money away. GSAT is going UP. (p.s. I did get back in last Friday night and will add more as soon as I scrape together more cash. Wheeler surprised me, and I think he is now probably having to negotiate even some more with the other Commissioners on improvements.)

    Really elated this log jam broke open. We are on a search and destroy mission now.

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