Replies to post #142675 on World Surveillance Group Inc (fka WSGI)

[WildWest]

Warp, Mad, totally disagree. GSAT Satellites scheduled to launch in Feb. 2103, hired FAA ATC Sales Team- billion dollar opportunity; FCC Voice/WI-FI network proposed- billion dollar opportunity; many many ground stations proposed; CEO may be willing to help fund next round; etc.

GLOBALSTAR TAKES DELIVERY OF FINAL BATCH OF SECOND-GENERATION SATELLITES FOR FEBRUARY LAUNCH

Covington, LA. , December 10 2012- Globalstar, Inc. (NASDAQ:GSAT) today announced that all six satellites scheduled for launch in early February are now at the Baikonur Cosmodrome in Kazakhstan. Following the successful completion of their pre-shipment review at Thales’s manufacturing facility in Rome, the final two satellites arrived at the launch complex on December 9th

GLOBALSTAR ANNOUNCES RESULTS FOR THIRD QUARTER 2012

Reports fourth consecutive quarter of positive Adjusted EBITDA; $6.6 million improvement compared to the third quarter of 2011
Initiates fourth launch campaign with launch scheduled in February 2013
Successfully uploaded software patch to second-generation satellite as satellite begins preliminary service - all other previously launched second-generation satellites in service
Signed agreement with Thales Alenia Space ("Thales") for the purchase of six additional second-generation satellites
Filed Petition for Rulemaking with the Federal Communications Commission ("FCC") on November 13th

[indyjonesohio]

MM, the great thing about satellite networks has been that they don't fall from the sky when the companies that launch them collapse. Someone picks up the pieces for a bargain. Any speculation whether GTC's agreements would endure past the demise of GlobalStar? Perhaps that is a question for Barb or Ren maybe.

As a clarification, I didn't single out just Mike but Glenn as well for Wall Street speak. And it wasn't technical aspects in the sense of technology. FedGov contracts are always hard and unpredictable IMO. But, these company builders, Wall street types like these guys, are true fireballs. I have read and re-read Mike's Clark's Colorado PowerPoint many times. It has all that visionary stuff that excites angel investors and VC folks. If Mike had WSGI on the first run instead of the crooks who did, I couldn't afford ten shares now IMO.

But this is real world DoD procurement. A thousand complications come up. All but the willfully antagonistic know BiB is a great concept at a great time. Great skill and lucky timing combined IMO. There was buzz about it in DC while I was there last week. A December 31 deadline was audacious and still possible IMO. But, to play it safe I would have used "before June 2013" in the 10-Q. That was the precise nature of my critique. I think they get the technology well enough. Thanks for letting me clarify. IndyJonesOhio.

[WarpCore61]

Madmonks, I was hoping the statement about 2012 aerostat revenues was left in the 10-Q for a reason, even though they intentionally moved the statement about anticipating airship revenues to 2013. It appears a conscious decision was made to change one statement but not the other.

I was hoping they could improve their credibility by actually hitting a target date they elect to put out in their filings or through newsletter or verbally at the SHM. They have a terrible track record on hitting target dates, regardless of the reasons or obstacles involved.

It continues to be my hope they can start hitting some of those dates, starting with aerostat revenues in 2012, presumably from a contract of some kind. While the revenues might not show up until 2013, if we got the contract inked in 2012 and it specified a specific amount, I believe that revenue would show up as deferred revenue in the 4Q filings, and I believe such a contract would be a material event requiring public notification and an 8-K filing.