Globalstar Inc (GSAT)

[shajandr]

Going WAAAAAAY lower. If peeps take the time to run the numbers on the crushing dilution in the current 'Putting Jay Monroe First' scandalous 'deal', it is kwickly apparent that current GSAT common shares are, best case, worth somewhere between 1 to at most 5 cents per share of existing common. That is the best case. Most likely, current GSAT common shares have a post-deal value of well under a penny.

The only rational reason that could be cited to buy GSAT common shares now at anything over a penny to a few pennies is if one bleeves the lawsuits filed to stop the blatant self-dealing "Putting Jay Monroe First" merger deal will succeed at blocking the deal from being consummated. Betting on courts to do the right thing is risky though.

If nott, then it can only be a failure of peeps to do the math and read carefully.