$GSAT This is the most significant part of the deal. Shows massive confidence by Apple. The headline should be “Deal with Apple and Apple to provide GSAT with 427mil”. Rings a little louder now." https://twitter.com/GregtheNorth/status/1567634491778146308?t=8j2P_S8ub80vdOkdWsa-rg&s=19
"The forward ratio for the communications services sector was 21.1 as of May 2021, according to Yardeni Research."
"The P/E ratio is a metric well-suited to evaluating companies in the telecom sector because it essentially indicates the market's assessment of a company's growth potential, and the telecom sector is historically considered a high-growth sector."" https://www.investopedia.com/ask/answers/060215/what-average-pricetoearnings-ratio-telecommunications-sector.asp
"Globalstar expects that its business strategy will allow it to generate reliable cash flow with substantial growth potential and greater profitability. Including the Partnership Agreements and excluding terrestrial spectrum, the Company expects its total revenue for the year ended December 31, 2023 to range between $185 million to $230 million, depending in part upon the Company’s achievement of certain performance and other targets under the Partnership Agreements, generating an EBITDA margin of approximately 55%."
Company numbers Before 9/7/22 announcement which added significant revenue:
Sales & Book Value
$124.30 million (Potentially $185 - 230 million for 2023, from today's announcement)
$0.20 per share (<--- Could be .30 to .40, therefore, as per increased revenue projection and reliable customer/partner)
Price / Book
10.30 (<--- could be too low now for a communications company + substantial Apple partnership)
"Anyway... Emergency SOS, via satellite, as we mentioned much earlier in this live blog, is confirmed. Custom components and software allow iPhone to connect to the unique frequencies of a satellite miles up in space. The software (a bit like a compass) will help you to identify the invisible satellites in the sky, and point your phone in the right direction to make the most of the limited bandwidth they offer as they speed above your head. It's more complex than just connecting to a cell station. This isn't an option for sending a selfie to your 'Gram then. This is solely for emergency messaging, with Apple working at an infrastructure level to get emergency services out to you. It'll be handy for sharing your location while trekking remotely though.
Free for two years with every iPhone 14 purchase, and launching in the US and Canada, from November. I wonder how much it will eventually cost?
60% of total common shares reported ownership disclosure on 9/7/22 in form 13-D filing:
""11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ?
See Item 5.
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
59.85% (See Item 5.)"
Item 6. Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer.
As more fully described in the Company’s Current Report on Form 8-K filed with the Commission on September 7, 2022, in connection with the Terms Agreement described therein, Thermo entered into a lock-up and right of first offer agreement (the “Lock-up Agreement”) that generally (i) requires Thermo to offer any shares of Common Stock to Apple Inc. before transferring them to any person other than affiliates of Thermo and (ii) prohibits Thermo from transferring shares of Common Stock if such transfer would cause Thermo to hold less than 51.00% of the outstanding Common Stock of the Company. The foregoing statements concerning this agreement are qualified in their entirety by the Lock-up Agreement, a form of which is filed as an exhibit to this Schedule 13D, Amendment No. 12, and is incorporated herein by reference."" https://ih.advfn.com/stock-market/AMEX/globalstar-GSAT/stock-news/89010880/amended-statement-of-beneficial-ownership-sc-13d-a
"GSAT SECURITY DETAILS
Held at DTC