Globalstar Inc (GSAT)

[finesand]

Jason Mudrick's THREATENING LETTER

we agree partially here E.E.E.,
at least last trading sessions down and up can be explained
via his trading schedule as listed in his SC13D!

Please also read the whole attached PDF letter in the SC13D SEC filing - it is important.

Our take:
- Friendly negotiations with Jay failed big time, otherwise Mudrick wouldn't have done all this.
- Mudrick is sick and tired of the dilutive devaluation of his stake (Jay's convertible loans)
- Mudrick killed the stock and stabilized it a bit to make his point - Threatening Company
- Mudrick offers a $150M non-dilutive loan through 2019 only, interest rate unknown
- Mudrick also hopes others (Jay, hint hint) does the same loan offer
- Nothing has been decided yet
- Mudrick highly likely will continue selling stock until an agreement has been reached, threatening company.
.. probably not right away .. but in case Jay won't give in.

What a stock opera ...

PS: If Jay gives in via this action by Mudrick, i.e. gives up his dilutive scheme and also gives up some power in the BOD, this stock might be saved. Jay didn't give in yet, assuming Mudrick attempted this task already in a friendly phone call - of course.