Globalstar Inc (GSAT)

[StockLogistics]

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.