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 Technology Stocks : Globalstar Telecommunications Limited GSAT


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To: pcstel who wrote (28588)4/29/2012 3:11:05 PM
From: Maurice Winn1 Recommendation  Read Replies (2) of 29071
 
PCSTEL, now you are getting silly in frustration. While I did have an Occupy Coronation Park project at Mount Maunganui, it was for fun and lots of people had a laugh though a few took it seriously. One guy told me that I was taking away his right to enjoy the park. I explained that I was just sitting in one little spot, so he could come up and have a chat if he wanted to and that there was 99,99% of the space still available for him to sit anywhere else, throw a ball or hit a golf ball without having me in his way.

Another guy stopped for a chat. He stayed for 20 minutes but had to get going because his wife was waiting for him in his red convertible Mercedes. He was wearing very heavy gold ornaments and would not have been out of place cruising around the richest part of Florida in show-off mode. He knew a lot of stuff about global finance and told me he was hiding in Coromandel waiting for the big financial bust to come. An American guy. About age 50. I don't think he expected such a conversation with me. He must have been curious about what this guy was doing sitting in the park by himself with a tea trolley, pot of tea, cup, netbook, phones and sign saying "Occupy Coronation Park", who turned out to know quite a lot about global finance and stuff, and didn't have the political point of view he initially thought.

It's important for me to have fun as I work.

<Maurice has spent far too much time in the Sometimes Socialistic State of New Zealand.
If Maurice was in the US, then you would have seen him among the protesters in the 99 percent sit-ins.
>

I likely would have sat in a park, by myself as I dislike crowds and mindless mantras. Also, I would not be among them as counterpoint - they would likely get violent when they realized they had opposition. You also are confused about my political beliefs. I'm considered an extreme right wing maniac in NZ context. Actually a crowd can be fun, but they are hazardous to health and right-thinking.

NZ isn't sometimes socialist, it is always socialist. 40 years ago it was called "The Land of the Long Pink Cloud". Which was a satire of the correct title "Land of the Long White Cloud" which was the name given by Maoris [but in Maori]. The Green Party continues to gain ground. They are primarily socialist. Nicknamed Watermelons = green on the outside, red on the inside.

It is not compulsory to adopt the general political philosophy. We still have freedom of thought, though not expression. It's still permissible to be an extreme right wing capitalist and not be shot on sight. Well, it's not permissible to actually be one, just to think about it.

Your insurance analogy was silly. Of course it would not make sense to sell insurance like that. It wouldn't be insurance if they didn't pay for the risk until it happened. You are probably confused about using a Globalstar phone as an insurance device - phone home in emergency. If that was the case, then when the emergency arose, there would be no cost incurred by Globalstar other than the cost of the phone call, which would be measured in minuscule fractions of a cent. There wouldn't be a call for Globalstar to provide the actual rescue.

The sale of the phone would be sufficient to cover the cost of having it able to make a call sometime. Selling a phone for $500 which is then unused is fine. That's $300 profit or something like it. I'm okay with selling hundreds of millions of those. Heck, 6 billion should be bought by everyone. Perfect. And they should upgrade every 3 years to the latest emergency device.

Then, when an emergency hit, they would have to have credit on their account and then bid for the available call space. With 5 billion people all trying to find out where the comet was coming in, they'd be paying $10,000 a minute to make a call. They would keep their calls brief [because most of them would run out of credit]. In a more likely 911 Al Qaeda, or Katrina, situation they would be able to make their call, but the price would be quite high as lots of people would be trying to use the crowded network.

By the way, Motorola's 1993 patent on variably priced satellite phone calls with the price displayed on the handset has expired so Globalstar can do it without paying a royalty. It seems such an obvious "invention" that it surely isn't a valid patent, but maybe it is.

Do you really think that selling a phone and some megabytes is like insuring a house? You are being naughty and using straw man arguments. Neither of your points are valid. When people don't have sensible argument, you can know that they don't have a sound cause. Give it away PCSTEL. The ARPU plan is a bad one. Charging $500 a month would be excellent arpu, but the number of people Occupying Globalstar would be similar to me Occupying Coronation Park.

Please come up with sensible argument. Your wife can use another break.

Mqurice
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