I was educated to the extent of their corruptive power the day the Apple news broke. Brokerages had millions on 1.6x calls the next day. Never in a million years did I believe they could stop and then reverse that locomotive in a mere 2 hours....but the bastards did. The weekly calls have been a choke collar to shareholders and cash machine to bookies...(I mean brokers) for far too long. The weekly calls end on 11/04. With one more on 11/18.
It Is Not the tech, CEO, balance sheet, nor GSAT debt.... Nor is it lack of PR as we have had an avalanche of positives and catalysts each day since the Apple announcement.
What has held the shareprice where it is simply greed.
Definately. It will take a combination of all to meet demand.
$MULN Has $ 60.93M in cash
It’s mostly failures and jackasses who do reverse splits, with few exceptions.
“It will require Globalstar to allocate 85% of its "current and future network capacity" to support the service,”
With projections of 300 million revenue by 2026 at 1.8 billion OS do the math, basically no current way to grow the company if 85% is allocated to Apple, and no phone call ability, just texts. Cool if it works but 300/1800 is not 10 dollars a share imo, 1.8 billion revenue at 300 million OS might get it there. GSAT should take out a huge billion dollar loan and use half of it to buy another company, then do a reverse split, then dilute the stock down to 1’again, take that money and buy another company to create two more revenue streams. Banks would likely provide major loans to them for acquisitions now that Apple basically backing them. Apple is keeping them afloat with the deal, more would be required to grow the SP imo, hence the mention of Goldman Sacs to raise funds for them.
Im betting on both.
Personally, I far prefer fuel cell, especially for delivery trucks, school buses, etc.
I'll keep gas for my motorcycles, truck and Civic.
welcome. I followed you which I do not do often because I looked through your posts and saw you posting on some stocks I have been in for over 20 years like Plug Power and Fuel Cell. wow was I way to early on those. I had thought in 2000 that most cars or many cars would be hydrogen fuel cell powered by 2010. Instead they are pushing litium battery powered cars which are an ecological disaster or will be soon.
GSAT is a well backed company with some big institutional investors. It has a over $3 billion market cap. Which makes it a small to mid cap company not a penny stock. It is a new player compared to the other communication satellite company. Therefore it has the most debt as it is in start up mode. It also means it has the latest and best technology as well as the newest satellites. It plans to be the major player in The Internet of Things (the major future evolution of the internet) connecting things like ships at sea, remote cell towers and major industrial installations. They most importantly OWN the radio spectrum the Qualcomm built in connection to its latest communications chip. This Qualcomm chip is in the iPhone 14. Apple is paying for 90% of the new satellites that will be launched and GSAT only 10%. This should add some debt to GSAT but only 10% of the costs of this tremendously valuable asset on the cutting edge of IoT. GSAT is setting up to be the major player in Satellite Communications and IoTs. This requires debt but Apple is paying 90% of the cost. This is an incredible deal for GSAT they are in effect partnered with Apple and Qualcomm. This might also signal Apple and Qualcomm are moving in on IoT heavier. This might not be about satellite phone connection at all but about Industrial connections to the IoT. GSAT owns the Real Estate here on this very important spectrum. It is the spectrum that Qualcomm and Apple chose so they are in effect tenants of the Real Estate GSAT owns and Apple is paying 90% of the costs to the improvements of the Real Estate so it fits Apple's purpose. It looks like GSAT Apple and Qualcomm are is stealth mode until they can capture the most important
future market share of IoT.
This looks to be a long term investment that might turn into a monstrously profitable enterprize.. It also bodes well for Qualcomm and Apple to establish a major position in IoT.
So who is this penny stock Apple is dealing with?
The fact that Globalstsr didn’t get paid billions up front to dedicate their satellites to Apple shows that Apple didn’t care about this tech, doesn’t respect it and could have waited or gone with another company easily, asking GSAT to raise money via Goldman is embarrassing for Apple, for a Trillion dollar company to ask that makes Apple look terrible, the GSAT Shareprice should have graduated to major stock having a deal with Apple, and yet it’s under 2 dollars, Apple is dealing with a penny stock for its Satellites, laughable, SP will decrease on fundraising news and on that rumor until it is completed imo.
And GSAT estimates that those fees (revenue) will top out in 2023 at 230 million dollars, not 230 billion dollars. 230 million revenue at 1.8 billion OS is not getting to 10 dollars a share, this isn’t a 20 billion dollar company and the multiple isn’t 100:1.
10 dollars a share x 1.8 billion OS is almost a 20 billion dollar company, nope, not at 230 mill revenue a year and new satellites not due till 2026, P/E ratio would have to be 100:1, shareholders got screwed over by the us deal because GSAT had stars in its eyes when talking to Apple’s negotiators who could have used anybody, Shame on Apple too. Should have been an upfront licensing payment of 10 billion to GSAT or no deal. Apple has the money, drop in the bucket their shareholders wouldn’t have cared they wanted the tech. Apple embarrassed itself leaving GSAT as a penny stock makes Apple look bad. Apple making GSAT raise funds ? What a joke. Trillion dollar Apple taking advantage of a small company, shareholders as of the date of the deal should sue Apple for 10 billion to be distributed to shareholders as of that record date. By the way, that is only an 5 to 13 per share dividend.
What percentage of its services have been allocated to Apple, it has to build new satellites and those won’t go into the sky until 2026, 1.09 prior to November, share offering or loan pending soon as per their requirement to raise funds
$GSAT Globalstar, Inc. provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment. It also provides SPOT consumer retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana.
Bad news, 5/12/2022 close at 1.09 is a gap, fundraising via Goldman Sacs should take it there prior to November, with everything dedicated to Apple what other partnerships could they have in the near term, from 1.00 to 8.00 after that gap fills all imo.
$GSAT Globalstar Shares Recently Seen Volume After $GOOG $GOOGL Google SVP Says Co Working On Connecting Phones To Satellites
As part of its iPhone 14 release event, Apple $AAPL said "it was introducing an emergency service that would let users send SOS messages via satellite while outside the reach of cellular and Wi-Fi connections," by Globalstar NYSE: $GSAT
$AAPL Apple's iPhone 14 event could herald new satellite era ( $GSAT ) for smartphones https://www.marketwatch.com/story/apples-iphone-14-event-could-herald-new-satellite-era-for-smartphones-11662557169
$AAPL Apple Will Pay Fees To Globalstar $GSAT Under Partnership Agreements, Including Recurring Service Fee, Payments Relating To Certain Service-Related Operating Expenses And Capital Expenditures, And Potential Bonus Payments
12-month price forecasts for Globalstar Inc have a median target of 3.25, with a high estimate of 3.25 and a low estimate of 3.25. The median estimate represents a +97.57% increase from the last price of 1.65. $GSAT https://money.cnn.com/quote/forecast/forecast.html?symb=gsat
$GSAT announced it will be the satellite operator for Apple $AAPL satellite-enabled services.
Kind of funny you say that because I did the same thing with options just a few hundred dollars. Which ones did you buy? I bought the 250 calls just a week away. 11 cents
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%. The Company expects these financial metrics to continue to improve significantly by 2026, which is expected to be the first full year in which the new satellites are operational, with total revenue expected to increase by approximately 35% compared to the 2023 forecast driven primarily by revenue growth under the Partnership Agreements.
Must be the drugs
Terrible news then.. that’s why it tanked. Have to read those filings
Shares in Globalstar Inc jumped 20% on Wednesday after the satellite services firm announced it will be the satellite operator for Apple's emergency SOS service.
Apple will pay for 95% of the approved capital expenditure for the new satellites that would be needed to support the service, but Globalstar said it will still need to raise additional debt to construct and deploy the satellites.
Glad I only spent $200 on options. At least I got’em at the bottom of that dip.
Excellent news folks will start catching on…
52-Week High 2.78
Pivot Point 3rd Level Resistance 2.41
Pivot Point 2nd Level Resistance 2.33
1-Month High 2.25
13-Week High 2.25
Pivot Point 1st Resistance Point 2.21
14 Day RSI at 80% 2.15
Previous Close 2.09
“2:07p ET 9/7/2022 - Benzinga
*Apple Will Pay Fees To Globalstar Under Partnership Agreements, Including Recurring Service Fee, Payments Relating To Certain Service-Related Operating Expenses And Capital Expenditures, And Potential Bonus Payments
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.“
“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?”
All IMHO. Do your own DD.
20% gain coming after confirmation. Seeing pop to $3.50