It so awesome to see that Faried(Professional money loser) is back. Now, I know the stock will go up. I think I will buy another 1000 shares on Tuesday afternoon.
"Hedge fund Kerrisdale saw drop in assets, lost some staff: sources By Svea Herbst-Bayliss | BOSTON For hedge fund manager Sahm Adrangi, 2016 is the year that can not end quickly enough.
"Seven months after raising a fund to bet against the stock of direct broadcast service provider DISH Network and nearly four months after being arrested following a car crash in the Hamptons, assets at Adrangi's firm have been nearly cut in half, two people who are familiar with the fund's operations said.
"DISH's stock price has climbed since Kerrisdale unveiled its short position in May and the accident, which was covered widely in the press, has unnerved some investors.
"Adrangi's New York-based Kerrisdale Capital Management now oversees roughly $170 million, far less than the roughly $350 million he managed over the summer.
"As investors pulled money out of Kerrisdale, which made its name through bets against Chinese internet companies, the hedge fund has also lost at least six employees - including some senior people - in the last three months, the people said.
"Shane Wilson, Kerrisdale's former head of activism, and Jordon Giancoli, who had been Kerrisdale's director of research, are among the people who no longer work for Adrangi. Neither Wilson nor Giancoli, whose LinkedIn profile says that he now works for hedge fund Carlson Capital, could be reached for comment.
"In mid-August, the 35-year-old Adrangi was charged with speeding, driving under the influence and a moving violation, police on Long Island said. He was also charged with criminal possession of a controlled substance, which was cocaine, East Hampton Police Captain Chris Anderson told Reuters.
"While the bad news appears to be piling up recently, the start of 2016 was also difficult for Kerrisdale.
"Like other hedge funds, the firm suffered double-digit drops in early 2016. Kerrisdale nursed a 7 percent loss at the end of the first quarter."
And, then there was the Straight Path buy out. The shorts, including Kerrisdale, got crushed. Imagine the redemptions.
On The Road Again
Monroe, Kyle Pickens met with investors Monday and Tuesday in NYC
Investors not currently holding GSAT
Pickens pulling Monroe away from licensing deals and toward sale of company.
Thank you the Street and Maglan for that Artical.
E E Euthanasia
N.B. THE "FANG Stocks" are Facebook, Amazon, Netflix, Google vis-a-vis:
AT&T and Verizon had a bidding war for spectrum holding company Straight Path. Globalstar could attract a broader group.
SATELLITE POLICY BRANCH INFORMATION APPLICATIONS ACCEPTED FOR FILING: IBFS File Nos. SAT-MOD-20170411-00061, SES-MOD-20170412-00422 Report No. SPB-270 Globalstar License LLC and GUSA License LLC (collectively, “Globalstar”) request a minor modification of their space station and earth station licenses to implement a new Ancillary Terrestrial Component (ATC) using licensed Big LEO mobile satellite service spectrum. The proposed ATC will be a terrestrial low-power network providing wireless broadband service. Both base stations and user terminals will transmit and receive at 2483.5-2495 MHz. Globalstar proposes to operate pursuant to rules adopted in Terrestrial Use of the 2473-2495 MHz Band for Low-Power Mobile Broadband Networks; Amendments to Rules for the Ancillary Terrestrial Component of Mobile Satellite Service Systems, Report and Order, FCC 16-181 (2016). Accepted for filing. Globalstar’s applications listed above are accepted for filing. The Commission reserves the right to return any application or petition if, upon further examination, it is determined to be defective and not in conformance with the Commission’s rules or policies. Pleading cycle established. Interested parties may file comments or petitions todeny the applications listed above no later than June 23, 2017. Responses to comments and oppositions to petitions must be filed no later thanJuly 3, 2017. Replies to oppositions must be filed no later than July 11, 2017. Interested parties must file comments or pleadings electronically via the IBFS, http://licensing.fcc.gov/myibfs/, in each of the above-captioned file numbers. Petitions, oppositions, and other pleadings filed in response to this notice should conform to section 25.154 of the Commission's rules, unless otherwise noted. 47 CFR § 25.154. -FCC
On The Road Again
Argentina, Brazil, Canada, France
Who is the financial adviser working on the sale of the company? I have been unable to get any answers to this question.
Question: Now that Globalstar did a new filing with FCC on small cell, do you think we have to wait for it to be approved before we get any buyout offers?
This news is positive if it involves Inmarset, probably means the devices should be introduced in next month or so. The negative, since this FCC filing won't be completed at the earliest until mid July, doesn't bode well for any buyouts in June. Probably treading water for the next month and a half now.
I have tried to contact GSAT for several days without any success. I want to know who the financial advisers are for the possible sale or related transaction are. I am suspicious that the company is not being totally straight. Also it is bothersome that Jay got another 4 million shares for 1 cent. Why did he get these? The company loses money and there is no justification to give him an 8 million dollar kiss.
Not to jinx us but a good turnaround from this morning in price.
this stock is being constantly shorted as we know by coke heads
I love you the doc filing. Either Monroe already has a partner and/or I get a month or two to figure out who that partner is AND see which way the wind is blowing to figure who's for and against. Hopefully I can triple my shares by that time. I am long and strong.
Citizen of the World
Looks like the shorts are going for one last big push this week
1610 Frequency Upper: 2500
$9.00 = 10billion market cap. is it worth this much?????