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Globalstar Inc. Message Board

zxqwertas 181 posts  |  Last Activity: 1 hour 52 minutes ago Member since: Sep 18, 2007
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  • zxqwertas zxqwertas 1 hour 52 minutes ago Flag

    according to the fierce wireless article from June 18th New Street Research said a $4 pps ascribes a value of 61 cents per MHz pop to the TLPS in North America

    for globally harmonized spectrum contiguous to and usable with the existing Wi-Fi infrastructure it would be cheap to start the bidding at the three times that amount

  • zxqwertas zxqwertas 2 hours 4 minutes ago Flag

    since yesterday they've also bumped up 106 a mile and a half, that's why were starting to see it fade back from 107

    109 & 107 are still at virtually the same altitudes since they leveled off after the launch.....by bumping up the altitude a hair the sats have to travel a longer distance in their orbit so they fade back from their original position relative to the sats that are still lower

    I made note of each ones apogee as they just came around

    109.......461.55 miles
    107.......461.60 miles
    106.......463.30 miles
    111.......462.59 miles
    104.......463.92 miles
    103.......465.24 miles

  • zxqwertas zxqwertas 7 hours ago Flag

    yep

    104 started showing increased separation from 111 just yesterday

    when launched there wasn't much more than 1000 miles from the lead satellite (109) to the rearmost (103), now they're spread by app. 7000 miles

    but none has been moved into its operational slot yet

    Marc said in the CC that the raising of the 5 sats that will make up "K" plane will take app. 2 weeks so since they're supposed to go into service in the middle of the month I expect to see the first sat raised into its slot any time now (most likely 103)

  • zxqwertas zxqwertas Aug 31, 2014 8:20 PM Flag

    this goes back to the GSAT IPO in 2006....it show QCOM with them shares (aka "membership units") at the end of 2004

    In April 2004, the Company agreed to purchase 22,500 mobile phones from QUALCOMM. Effective October 2004, the Company and QUALCOMM restated the terms of this transaction so that QUALCOMM provided the 22,500 mobile phones and various accessories to Globalstar in exchange for $1,875,000 and 1,855,668 membership interest units in Globalstar with a fair value of $5.3 million.

    In April 2004, certain management employees of the Company, as an incentive, were given the right to purchase up to 360,000 membership units directly from Thermo at a price equivalent to Thermo's April 2004 investment. As of January 2005, a total of 138,000 units had been purchased from Thermo and transferred to such employees. The remaining rights expired at that time. The intrinsic value of these rights was zero. The fair value of these rights using the minimum value method (risk free interest of 1.5%, expected life of nine months, no expected dividends, and zero volatility) was not significant.

    After the above transactions and the 2004 Thermo equity transactions, Globalstar's membership interests at December 31, 2004 and 2005 were as follows:


    Membership Interest Units as of December 31, 2004

    Thermo 39,397,308 63.69 % 39,259,308 63.47 %
    Qualcomm 4,154,400 6.72 % 4,154,400 6.72 %

  • zxqwertas zxqwertas Aug 31, 2014 3:17 PM Flag

    Zacks is wrong about a lot of stuff, their reporting that Qualcomm recently acquired those shares is merely one more

    I been here since 2007 and QCOM has always had those same shares and has never sold any of them nor purchased any additional shares

    the $4.25 pps is simply the closing price of the stock for the month of June which is required info in filing the 13-F

    there's plenty of reputable large outfits that have recently taken up a position in GSAT.......but QCOM's position isn't new

    for further discussion of Zacks' error on this matter......google " Silicon Investor Globalstar "

  • zxqwertas zxqwertas Aug 28, 2014 3:42 PM Flag

    the 8/11/14 10-Q filing shows the total outstanding shares @ 989,218,347

    the 4/18/14 DEF 14A filing shows Jay's shares @ 658,887,347......then the 5/28/14 Sec 4 filing shows Jay adding 13,145,239.......so that gives Jay a total of 672,032,586

    so that leaves the float @ 317,186,008

  • Reply to

    Did anyone buy GSAT back in 12/2008?

    by rolek Aug 26, 2014 3:20 PM
    zxqwertas zxqwertas Aug 26, 2014 3:43 PM Flag

    I got a good amount at 17 cents as it dropped down to 15 cents

    I had paced the order the week before, then all at once on December 19th the price plummeted down from 18 cents to 15 cents and back up again within a span of 2 minutes

    it had never before traded as low as 17 cents "even" but it had traded at 17 and a fraction

    it also never again traded as low as 17 cents "even" after that 2 minute dive down to 15

    it did trade as low as 17 and a fraction from time to time for a while after that

    in those days you could pick up as much as you wanted for 19 cents

  • zxqwertas zxqwertas Aug 21, 2014 11:06 PM Flag

    Lake

    that's the best post you've ever put on this board

    Tony worked his tail off putting the satellites up and likely spent more time living away from home that at home

    it's a concern as to who they'll get to replace him.... but as for him, all that can be said is "job well done"

    everything is poised to come together soon and all us old timers expected Tony would retire about now so it ain't no surprise

    but i'm glad he'll still be around for another year

  • Reply to

    ADS-B Test Flight starts tomorrow

    by gullywasher920 Aug 18, 2014 1:42 PM
    zxqwertas zxqwertas Aug 21, 2014 3:27 PM Flag

    huh???!!

    Hammond Northshore Rgional apprears to be in Covington

    just a stone throw away from GSAT's headquarters

  • Reply to

    Is this in any way relevent to GSAT

    by cpt10451 Aug 19, 2014 1:57 PM
    zxqwertas zxqwertas Aug 19, 2014 3:51 PM Flag

    nope

    that stuff will get bid on by the big telecoms

    it's not an alternative to GSAT's Wi-Fi spectrum

    so it really don't matter to us

  • zxqwertas zxqwertas Aug 18, 2014 6:29 PM Flag

    steelhead has been here forever.... (not new)

    as of GSAT's DEF 14 filing from June 2013 they had 33M shares........then as of GSAT's DEF 14 filing of 4/28/14 they had 42.15M shares (they had a lot of the 5.75 & 8% notes that were converted) .......now people here are saying as of their June 13F filing they're down to 32.5M shares......which would mean they sold 9.5M shares

    whitebox advisors had a bunch of them notes too

    as of the June 2013 DEF 14 filing they were sitting on 25.8M shares..........but their recent 13F shows only 6M

    so maybe this Jgd/York outfit got most of their shares from these two older holders

  • Reply to

    Net neutrality gets presidential nod

    by leoschindelheim Aug 12, 2014 1:44 AM
    zxqwertas zxqwertas Aug 14, 2014 12:09 PM Flag

    it's a fair question grandslam .....so I don't understand all the red thumbs

    we've been saying here all along that a nice aspect of the net neutrality controversy is that it distracts these advocacy interests away from us

    it has done just that

    one of their most outspoken proponents did spew his trash in a comment entered to our petition, but since has turned all his attention to the net neutrality debate

    his articles against us appeared in numerous publications but he failed to garner any material support, and since he himself misunderstood the comment process he was informing his followers that our 105 day comment period was over in mid-February when, in fact, it didn't even begin until several days later

    I don't want to put his name or that of his coalition on this board cuz it might attract his followers doing a simple google search

    but if you're curious about his specious reasoning you can google " FCC Proceeding RM-11685 " and read his entry from December 23, 2013

  • Reply to

    Does Gsat have ties to comcast

    by starchild1314 Aug 13, 2014 12:04 PM
    zxqwertas zxqwertas Aug 13, 2014 5:40 PM Flag

    a remote bit of trivia..........

    Thermo sold Xspedius to Time Warner back in 2006

  • Reply to

    Latest Jarvinian FCC Experimental Applications

    by iptechpat Jul 8, 2014 8:48 AM
    zxqwertas zxqwertas Aug 13, 2014 3:33 PM Flag

    you're correct

    they haven't been posted into the 13-213 file though much of their content has been referenced in the 13-213 proceeding

    still they were rubberstamped a week ago and introduced into the GSAT file on 8/12/14

  • Reply to

    Latest Jarvinian FCC Experimental Applications

    by iptechpat Jul 8, 2014 8:48 AM
    zxqwertas zxqwertas Aug 13, 2014 2:49 PM Flag

    all those previous documents have implications on our TLPS proposal (especially the one granting Ergen the right to use the old ICO & Terrestar spectrums terrestrially)

    I believe they've been entered into the GSAT file because the FCC intends to reference them in the final TLPS ruling

    ergo......I take this as indication they are hammering out the final details and typing out the ruling

    I just don't see any other explanation

    I expect the tentative agenda for the September 19th open meeting to be posted on August 29th.........there's a chance we'll be on it this time

  • Reply to

    Latest Jarvinian FCC Experimental Applications

    by iptechpat Jul 8, 2014 8:48 AM
    zxqwertas zxqwertas Aug 13, 2014 11:32 AM Flag

    FCC rubberstamped a date of "August 6, 2014" to four old documents that seem to have implications precedent to our TLPS proceeding

    they have posted them to the GSAT file with today's date

    see my links to them on the SI board ................(google;.. " Silicon Investor Globalstar ")

  • Reply to

    The Other Side of the Trade

    by lakenonapatriot Aug 12, 2014 5:19 PM
    zxqwertas zxqwertas Aug 12, 2014 7:07 PM Flag

    end of July short numbers were posted today

    only 2M covered in the 2nd half of July

    so were still 18.3M short

    the bashers on the board are like the minions of the fools who sold short for the Russell buying

  • Reply to

    Cramer's Weak Hands Eliminated . . .

    by montauk Aug 12, 2014 9:19 AM
    zxqwertas zxqwertas Aug 12, 2014 11:21 AM Flag

    at this time all the posts on the FCC website say their September open meeting will be September 30th

    but if you listen to the replay of the August 8th meeting they state (exactly 78 minutes into the replay) that the next meeting will be September 19th

    that means the tentative agenda for the September meeting should be announced on August 29th

  • Reply to

    conf call

    by tallgrass52 Aug 11, 2014 10:59 PM
    zxqwertas zxqwertas Aug 11, 2014 11:35 PM Flag

    you misunderstood

    aside from the TLPS business Jay also wants to (in the future) get authority to use the L-band spectrum for an uplink in a (terrestrial) LTE network

    it has nothing to do with TLPS, is years away and would require separate authority from the FCC

    the TLPS S-band spectrum is far removed from Lightsquared's L-band spectrum and is not contingent to any concerns that are being addressed with Lightsquared

  • Reply to

    Monetizing the Spectrum

    by leoschindelheim Aug 9, 2014 1:40 AM
    zxqwertas zxqwertas Aug 9, 2014 11:03 AM Flag

    Midtown's assuming the same value for the 1.6 spectrum and 2.4 spectrum is staggeringly unprofessional

    the 1.6 MHz L-band spectrum is comparable to the Lightsquared's L-band spectrum, both of which are encumbered by proximity to the GPS spectrum..... so $0.40 per MHz pop is likely a fair value

    but the 2.4 GHz S-band spectrum is desirably situated and deserves a much higher valuation

    Dish having paid $1.56 per MHz pop in the recent H-block auction provides a more realistic baseline for valuation

    but that H-block spectrum was auctioned regionally in the USA in contrast to GSAT's S-band spectrum being both nationwide and global

    so $1.56 is likely still undervalued......but even at that........$1.56 per MHz pop times the 7B MHz pops (in USA only) which were estimated in Jarvinian's Fierce wireless webinar would assign a value to the TLPS spectrum in (just) the USA of $10.92 per share

    Midtown's $3.04 price target is absurd

    but thanks Leo for letting us know how they came up with it

GSAT
3.92-0.06(-1.51%)Sep 2 4:01 PMEDT

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