Ok, things could have changed since 9-30, but here is a brief analysis:
Excluding non-voting shares, which are not trade-able and owned by Jay, there are 855,827575 shares outstanding. Jay owns 493,770,785 of these and as reported at the end of 9-30-2014, institutions owned 293,287,133 shares totaling 787,057,918.
This leaves only 68,767,657 in the " free float".
What we don't know, is how many may have bailed with the Kerrisdale article and micro funds whom don't have to file 13F's if they manage less than $ 150 mil.
Now it's been reported with onshore and offshore the short interest is close to 63 million shares.
Roughly 130 mil shares have traded since the low on 10-13. How many were daily traders or long jumping back on board is hard to say.
What I find real interesting is shorts have not lowered their exposure with over a $ 1.00 run up in share price.
If we fill in a new floor between $2.70 and $ 3.1 and if shorts don't cover, when FCC approval and 1st contract announced, I think we move quickly to our 52 week high.......
Now add on this short squeeze Chardan valuation of $ 6.00 a share based on $ 1.00 for spectrum. With auction exploding to prices above $ 3.00, as LNP would say, pop the corn cause fireworks is about ready to happen..jmo
We all know that Iridium is trying to grab valuable spectrum from GSAT satellites,
The WIFI Alliance is a monopoly organization that likes total control and power of not only telling it's members what is allowed "WIFI Certified" put now is trying to dictate to the FCC how they should rule so they can control the entire WIFI spectrum.
Now comes along the WIFI Alliance at the 23rd hour with their ex-parte. After reading the ex-parte 13-213 several times, I find the following interesting:
"The use of the unlicensed 2473-2483.5 MHz band for Wi-Fi operations is already limited and Globalstar's proposal will make it worse.
– Use of the 2473-2483.5 MHz band is constrained for Wi-Fi operations due to the obligation to protect Globalstar's MSS.
– Permitting Globalstar's TLPS to operate in 2473-2483.5 MHz would force these Bluetooth and other Part 15 users to migrate to the remaining part of the 2.4 GHz band,causing further congestion.
– How will Globalstar distinguish client devices that have been approved for an upgrade from those that have not been approved?
– What happens to a device once it is no longer a Globalstar subscriber?
– Can Globalstar actually activate Channel14 for TLPS use in client devices by a software upgrade as it contends?
Aren't these all Globalstar's problem? If they screw up the 2473-2483.5 band, it's their problem not yours? Why worry? Could it be you now can't control "all" of the WIFI Spectrum?
Now comes the best part in their closing argument:
"Regardless of whether Globalstar is permitted to offer TLPS the Commission should eliminate current restrictions on the use of the 2473-2483.5 MHz band to permit its full use by Wi-Fi."
What the fudge????
Here you make all these arguments why it shouldn't be allowed, but if it is, we want part of the VERY valuable real estate and will throw bluetooth and others under the bus.
With both IRDM and the WIFI Alliance wanting some of G* very valuable real estate, this tells me we have a golden goose here
It's not easy being green, as a famous frog once sang. It's also not easy being a short seller, especially in market that keeps hitting new records. But someone's got to do it and few have done it as well or for
as long as Doug Kass of Seabreeze Partners.
In his book, Kass details his precepts and principles for short selling. "It's a non-starter for me if the short interest as a percentage of the average trading volume or as a percentage of the float...is substantial," he says, defining that as short interest over 7% of the float or more than 1.5 times the average daily trading volume as was/is the case with Herbalife.
Let's look at some numbers:
Current float..361,139,153. Short interest is 42,861,825 (taken off nasdaq website even though Maglan says it's 64 million) avg daily trading 6.5 million.
So short interest stands at 11.8% of float and 6.6% of daily volume. These numbers jump to 17.7% and 10% respectively if we use Maglan 64 million figure.
What's this tell us, short interest is Sooooo out of line, that even one of the best won't touch G* as a short.
This auction will show what the "losers" must pay to play.
20MHz of spectrum in NYC has a high bid of $1.7 billion and a Chicago license is @ $3.67/MHz/POP.
$ 3.67 a POP in Chicago....cha cking
The Company reported net income of $129.4 million for the third quarter of 2014 compared to a net loss of $205.0 million for the third quarter of 2013
gotta give a shout out to Dane at EiBass for the ex-parte calling the WIFI Alliance "clueless"
There goes their credibility.
Jay remembers owns $ 500 million in stock of TW Telecom.
Level 3 is buying TW Telecom and will close on the deal Nov 5th.
Over $ 500 mil will be hitting Jay's/Thermo checking account Nov 5th.
Wonder what he will do with all this new found cash ??????
His credibility went out the window by posting a link to the 2009 credit facility versus the 2013 new facility as his rational for shorting.
As this battles goes on, one buys shares in his own company, now millions.
The other hires shrills to post on MB, writes misleading articles on Seeking Alpha, hires other to write misleading articles, whines to govt officials he's not getting his way, tweets like a pre-school kid and wamts to be like "Carl".
Who would you believe in this battle?
just keeps getting better.................
A dozen licenses bid over $3/MHz/POP. in round #17 of @FCC #AWS3 auction, all licenses in play.
gotta love what the FCC has done for GSAT spectrum values
Karl Kensinger - Deputy Division Chief
Chip Fleming - Chief Engineer
Sankar Persaud - Electronics Engineer
Wireless Telecommunications Bureau
Stephen Buenzow - Deputy Chief
Patrick Donovan - Policy and Licensing
We know the heavy weights for the G* team.
My 2 cents, finishing touches on R&O to be on Wheeler desk when he returns 1-5-2015...jmo
Sahm has been a guest in the past with CNBC on Fast Money.
Let's see, Cramer yells buy-buy in July then let's the world know he will be talking about G* Friday night. Why would Kerrisdale tweet about Cramer BEFORE the show if they didn't already know the content.
All we need now is TLPS approval Friday after the close so Monday the real fun begins....with a $ 1.00 gap up.
SAN JOSE, Calif. -- Cisco announced today the availability of the Cisco Universal Wi-Fi solution for service providers, the industry’s first end-to-end solution featuring HDVX (High-Definition Voice Experience) technology that enables millions of Wi-Fi devices to operate as phones.
This Cisco solution will enable service providers to offer a high-quality calling alternative to users, complementing cellular voice services. The Cisco Universal Wi-Fi solution provides near seamless and highly-secure onboarding, ubiquitous coverage, elastic scale and rich-media services including HD VoWi-Fi (Voice over Wi-Fi).
Wi-Fi has become the preferred mobile data experience based on speed, cost and coverage. It is projected that by 2018, Wi-Fi and mobile-connected devices will generate 76 percent of all Internet traffic, up from 59 percent in 2013, according to the Cisco® Visual Networking Index.
To deliver a high-quality experience for high-definition (HD) voice and data services over Wi-Fi, service providers need performance, scale and services from an end-to-end solution that spans access, mobile core and telecommunication cloud. Cisco is a recognized market leader in carrier Wi-Fi end-to-end solutions, operating on more than 200 service provider networks worldwide.
Performance and Scale
The Cisco Universal Wi-Fi solution provides the highest available throughput over a wide area, delivering pervasive coverage indoors and outdoors with a full portfolio of 802.11ac products, including the new Cisco Aironet 1570 and Cisco Aironet 1700 Series. At speeds that can exceed 1gigabyte per second (Gbps), the Cisco Aironet 1570 and Cisco Aironet 1700 Series access points can enable users to download the entire “Star Wars™” movie collection in under a minute or the latest “Transformers®” movie in under eight seconds.
GSAT and Cisco testing this system capabilities for ???