Globalstar Inc (GSAT)

[Bouray00]

There is a whole lot going on here that I am trying to piece together and understand.
“Mr. Jay Monroe, III, is Executive Chairman & Chief Executive Officer at Globalstar, Inc., Co-Founder & Managing Partner at Thermo Capital Partners LLC, and a Principal at Thermo Cogeneration Partnership LP.”
So, I understand that much. Now comes the blackout period that ends on the 13th that I have been reading about, where there seems to be a possibility that Mr. Monroe will be investing much more into GSAT. But the main thing that catches my eye is:

1. There is an increasing WIFI congestion in the USA
2. TLPS is a cost efficient tool to address the issue
3. TLPS could be very quickly put into operation
4. TLPS should be attractive for certain big players, such as Google to operate a private WIFI network in the US
5. TLPS is, therefore, clearly an asset. Odeon Capital in its April research listed six valuation methods to value TLPS, which generated a range of $3.38 to $10.19. Based on this they assigned buy rating with $5 price target.

So, through all that Kerrisdale crap, I actually appreciated the fact that they helped knock the pps down to what I should have bought shares at in the first place instead of waiting until $3.70 range to buy. And I only bought there because it had been in the mid $4 range and I thought I was getting a deal. I think when the dust settles, the cost average will still be a great deal.