Globalstar Inc (GSAT)

[E E Euthanasia]

updated posting explaining why GSAT hasn't been purchased yet:

NO ONE is gonna make ANY offers -- of any kind or flavor -- without the THE INTERNATIONAL REGULATORY APPROVES BEING IN HAND METAPHYSICAL CERTITUDE, viz.:

NO SANE/RESPONSIBLE PERSON is gonna consummate ANY deal on a piece of property without the of said owner of said property having a confirmed/valid DEED FOR THAT PROPERTY IN HAND -- AND with a surveyor & building/property inspector having metaphysical certitude of exactly where the property line boundaries are and that it's structures are sound and all up to code...

N.B. if there were lets say "minerals" and therefor rights to said minerals involved, any prudent buyer or lessor would also demand -- with metaphysical certitude -- that there IS gold or oil or whatever and would ALSO need to know/demand to have A Very Sound idea of just HOW MUCH gold or oil or whatever is "mine-able/extract-able" within those property lines [in GSAT's case those "property lines" are ones of sovereignty -- i.e. an autonomous state/nation] AND that the holder of the deed has metaphysical certitude confirmed mineral rights to "mine"/make use them! IN GSAT's case, Da "Minerals" is DA SPECTRUM.

ERGO, the first hurdle was cleared when our dearly beloved FCC on August 4, 2017 issued the US license mods... NOW, we need to patiently sit and wait for the applied for international licenses (nee "deeds") and ATC/TLPS terrestrial use authorizations to come through.

it's this realists view/thinking that anyone would be a DAMMED FOOL (circumventing their fiduciary duties/responsibilities) to consummate a buyout or any kind of deal or partnership of/with the co -- just as in the above case of the property example above and the metaphysical certitude of its minerals and rights thereof!

oh and one last thing, if there was NO CHANCE of the above happening/coming to fruition, yours truly doesn't think Jay Monroe would be needlessly tossing/flushing another $33MM of his capital down the proverbial toilet/into it... instead, Jay Monroe would have saved/kept the $33MM and let the co go into BK... so that is where the $ talks and it says/speaks volumes A LOT to this LONG shareholder.