Tuesday, September 16, 2014 1:06:30 PM
rattlewatch, thanks for the posts. I will play devil's advocate again here:
(Yes, the clock is ticking, and loudly, imo)
Can't GSAT "do" (construct, upgrade) their own ground stations??!
Can Immarsat, Iridium, Thurya get any of that done for GSAT??!
And/or, who are GTC's competitors for ground station construction/upgrading??!
Why would GSAT need GTC for ANYTHING related to ground stations??!
(
)
It's nice I guess, that WSGI still lists GTC listing GSAT in its filings regarding ground stations! What for??! We're STILL waiting for "ground station" ANYTHING! All we get is words, words, and more words though!
From the recent 10-Q same language as previous 10-Qs I believe):
GTC’s equipment is installed in various ground stations across Africa, Asia, Australia, Europe and South America.
From the recent 10-K (same language as previous 10-K I believe, except for may "launch of new satellites"):
GTC is also pursuing various contracts for the construction of satellite ground stations in Africa, Afghanistan and other locations. If GTC is awarded such a contract outright, it would likely produce a highly profitable revenue stream over the next 18-24 months, as the cost of each ground station is approximately $5 million and the net profit is expected to be approximately 15%. If GTC partners with other entities to construct such a ground station, GTC’s revenues would depend on negotiations between the parties and could include only future revenue as the ground station is used rather than construction fees. GTC could also decide to raise capital and construct a ground station on its own, although this would take considerable funding and is not likely in the near future. It is likely that Globalstar will require access to these ground stations to enhance their satellite network coverage. In return for allowing access to these ground stations, GTC has historically negotiated the use of a large number of accounts with Globalstar. These accounts involve GTC having free use of satellite telecommunications simplex messages through the Globalstar network and can be sold to government, commercial or individual users without cost to GTC to further increase revenue and profitability relating to the ground stations. GTC has already negotiated terms with Globalstar that allows Globalstar access to a certain ground station once built in return for GTC having use of up to 10,000 simplex messaging accounts (1,000 of which GTC is required to transfer to a former affiliated company) on the Globalstar network. If that particular ground station is not constructed for any reason, GTC would anticipate either transferring such agreement to a newly built ground station or negotiating similar agreements with Globalstar in connection with any additionally built ground stations. Moreover, now that Globalstar has completed the launch of its new satellite system, GTC may also be able to negotiate for satellite telecommunications voice airtime accounts as well. There is no guarantee that GTC will be awarded any such contracts in the future and a failure to secure these contracts will result in significantly lower than anticipated revenue streams over the coming years. A failure to build the specific ground station may also affect GTC’s ability to use the free accounts agreed with Globalstar, further reducing the potential revenue streams over the longer term.
(Yes, the clock is ticking, and loudly, imo)
Can't GSAT "do" (construct, upgrade) their own ground stations??!
Can Immarsat, Iridium, Thurya get any of that done for GSAT??!
And/or, who are GTC's competitors for ground station construction/upgrading??!
Why would GSAT need GTC for ANYTHING related to ground stations??!
(
) It's nice I guess, that WSGI still lists GTC listing GSAT in its filings regarding ground stations! What for??! We're STILL waiting for "ground station" ANYTHING! All we get is words, words, and more words though!
From the recent 10-Q same language as previous 10-Qs I believe):
GTC’s equipment is installed in various ground stations across Africa, Asia, Australia, Europe and South America.
From the recent 10-K (same language as previous 10-K I believe, except for may "launch of new satellites"):
GTC is also pursuing various contracts for the construction of satellite ground stations in Africa, Afghanistan and other locations. If GTC is awarded such a contract outright, it would likely produce a highly profitable revenue stream over the next 18-24 months, as the cost of each ground station is approximately $5 million and the net profit is expected to be approximately 15%. If GTC partners with other entities to construct such a ground station, GTC’s revenues would depend on negotiations between the parties and could include only future revenue as the ground station is used rather than construction fees. GTC could also decide to raise capital and construct a ground station on its own, although this would take considerable funding and is not likely in the near future. It is likely that Globalstar will require access to these ground stations to enhance their satellite network coverage. In return for allowing access to these ground stations, GTC has historically negotiated the use of a large number of accounts with Globalstar. These accounts involve GTC having free use of satellite telecommunications simplex messages through the Globalstar network and can be sold to government, commercial or individual users without cost to GTC to further increase revenue and profitability relating to the ground stations. GTC has already negotiated terms with Globalstar that allows Globalstar access to a certain ground station once built in return for GTC having use of up to 10,000 simplex messaging accounts (1,000 of which GTC is required to transfer to a former affiliated company) on the Globalstar network. If that particular ground station is not constructed for any reason, GTC would anticipate either transferring such agreement to a newly built ground station or negotiating similar agreements with Globalstar in connection with any additionally built ground stations. Moreover, now that Globalstar has completed the launch of its new satellite system, GTC may also be able to negotiate for satellite telecommunications voice airtime accounts as well. There is no guarantee that GTC will be awarded any such contracts in the future and a failure to secure these contracts will result in significantly lower than anticipated revenue streams over the coming years. A failure to build the specific ground station may also affect GTC’s ability to use the free accounts agreed with Globalstar, further reducing the potential revenue streams over the longer term.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
