Globalstar Inc (GSAT)

[realfast95]

the conference call was a complete waste of time. They added no new information. Their day job is to keep the lights on. Everyone is waiting for a buyout. The CEO just wants his money back.

It's a race of Press Releases. What will come first. The Government approval or the stock dilution offering.

The question that isn't asked, what is the company worth.
The fear is that it's fairly valued especially when you include debt.

I cringed when they brought up Charley Ergen.
He almost stole SIRI buy buying debt and wanted to bankrupt the company so he could get it for less than $500 million.
Instead SIRI was bailed out by Malone who took control of SIRI for about the same amount. GSAT's only hope is a bidding war because these guys don't over pay.