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To: Maurice Winn who wrote (28536)4/10/2012 2:12:34 AM
From: pcstel
   of 29401
 
You bought at the second zero [almost zero which is near enough for government work]. You didn't miss it.



That had NOTHING TO DO with Globalstar marketing, etc.

You said...
Globalstar had predictable prices for years and went to zero twice, under two different owners.

That second trip [almost] was during the Global Financial Meltdown.. Perhaps you remember Lehman Brothers, Washington Mutual, etc.


You are just fast and loose with the facts Maurice.


Are you implying that it was Globalstar's managements fault that Lehman Brothers went Bankrupt during the meltdown?


PCSTEL

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To: pcstel who wrote (28538)4/10/2012 7:44:51 AM
From: Maurice Winn
1 Recommendation   of 29401
 
If you go back over hundreds of posts about pricing, you will see that the main idea is as you say for perhaps half of the minutes available. But I always said another couple of "plans" might be good to offer as some people prefer to be "insured" against things such as variable prices. So they would rather pay a fixed $40 a month for a set number of minutes any time ["unlimited" seems to be too many for such an insurance plan]. A third "plan" would be a fixed price per minute/megabyte anytime.

The main one, instantaneous pricing, would say "This is the plan for you if you want the cheapest overall calling, but are willing to pay higher prices during busy times, or defer your calls to later". The "insurance" plan would be more expensive per minute/megabyte, but there would be a set number of units per month for a fixed price. The "fixed price" plan would be higher per unit than the other two, but as few or as many as wanted could be used.

We cheapskates would take the variable pricing. Then we could enjoy the lowest monthly cost, while being able to make calls any time. Being cheapskates, we would probably not make calls during the expensive busy times, though it would be nice to have that option in the case of something important.

The constellation would always be busy, but never overloaded. A call could always get through, albeit at a high price during emergencies when everyone wants to get on the phone. People would rather pay a high price than suffer denial of service.

Mqurice

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To: pcstel who wrote (28539)4/10/2012 7:48:38 AM
From: Maurice Winn
1 Recommendation   of 29401
 
PCS, of course the stink cheap price of 24c during the crunch was due to management of the company. Companies with cash sloshing around, robust business plans and success going on, did not do like Lehman Brothers or Washington Mutual, or Fannie or Freddie etc.

Mqurice

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To: Maurice Winn who wrote (28541)4/10/2012 10:38:44 AM
From: pcstel
   of 29401
 
PCS, of course the stink cheap price of 24c during the crunch was due to management of the company. Companies with cash sloshing around, robust business plans and success going on, did not do like Lehman Brothers or Washington Mutual, or Fannie or Freddie etc.


Well, Globalstar did not "do" like Lehman, Wahington Mutual, etc back in 2009. Those companies went Bankrupt.


Even companies like AAPL, and QCOM took huge hits to their Market Caps.

So to recap, Globalstar in its two ownership structures has one gone BK [zero] ONCE, not twice as you claimed, and no, 20¢ is NOT close enough to zero to be called zero.

Like I said before, your Theatrics is notable.

PCSTEL

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To: Maurice Winn who wrote (28540)4/10/2012 10:47:01 AM
From: pcstel
   of 29401
 
So they would rather pay a fixed $40 a month for a set number of minutes any time ["unlimited" seems to be too many for such an insurance plan].


Good Lord.. Now Maurice thinks Globalstar's pricing is TOO CHEAP!!

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To: pcstel who wrote (28542)4/10/2012 12:12:38 PM
From: Maurice Winn
1 Recommendation   of 29401
 
People who paid $15 or $12 a share for the great renaissance of Globalstar as GSAT only to watch the share price go to 24c would not have been thinking that it was much different from zero. In fact, when using just two significant figures like that, 24c could reasonably be written $0. Over 50c would be written $1, below would be written $0.

That's rounding error, not theatrics.

Mqurice

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To: pcstel who wrote (28538)4/10/2012 12:31:14 PM
From: Maurice Winn
1 Recommendation   of 29401
 
If you go back over the decades and thousands of posts, you will find that when preparing to make a call, the message on the phone would say "Calls are now 42c per minute, please SEND to complete your call at this price". Interrupting existing calls should not be necessary. < You preach "instantaneous pricing based on demand at that moment". When someone is making a call, text shows up and says, "Satellite is fulling up, next minute will cost you $10, do you want to continue talking? If not, goodbye. Click. >

But in major emergencies, such as 911, when everyone wants to get on their phone, a force majeure clause might be needed "In the event of a major event, you hereby agree that your calls may be terminated with pricing reset to enable people who have to make calls to gain access. You will be able to continue your call by accepting the new price." Your legal jargon, mileage and price may vary.


Mqurice

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To: pcstel who wrote (28543)4/10/2012 12:37:44 PM
From: Maurice Winn
1 Recommendation   of 29401
 
"Unlimited" means just that, or 30 days x 24 hours x 60 minutes = 40,000 minutes. Would we really want many people using that many minutes per month including termination charges? Perhaps 4,000 minutes a month would be near enough to "unlimited" for regular humans. That would be 1c per minute, which is a pretty cheap price. "Unlimited" would have the advantage of not having to record and report individual calls so perhaps it's a good idea - there would certainly be no dispute about "Hey, that should have been 42c not 47c for that call".

My pricing is intended to actually offer a great deal for subscribers while making money for Globalstar. Not simply to give service away to free-loaders though you might have mistakenly got that impression.

Mqurice

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To: Maurice Winn who wrote (28517)4/10/2012 12:54:16 PM
From: pcstel
   of 29401
 
GSAT share price swoons.


¿¿¿¿¿


Stock is still trading at $1 Maurice (rounding error included). Not sure what you are talking about?


PCSTEL

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To: pcstel who wrote (28547)4/10/2012 1:27:49 PM
From: Maurice Winn
1 Recommendation   of 29401
 
PCS, since the share price got way down below $1, the cents became germane. Not just to the nearest 10c either, but to the nearest cent. 2 significant figures is a near-enough price for me. The supersonic high speed million mile a minute computer algorithm traders look far closer than that, but they are thinking in response times of microseconds and values of 6 significant figures. 2 significant figures is okay with me and a response time in the morning.

Mqurice



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