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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 0.308-3.3%Jul 2 4:00 PM EDT

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To: Maurice Winn who wrote (29704)3/9/2019 1:11:34 PM
From: pcstel  Read Replies (1) of 29749
"Meanwhile Iridium's brand new constellation is up and running while Globalstar ' s has only about 5 years of life left."

Interesting note on this.. In the Conference Call, someone poised a question on the remaining expected life of the constellation.. In response. Globalstar management stated.

Q. Lance Vitanza

" And so, I guess, Iā€™m wondering, with the constellation of the satellites that you have, what sort of the useful life left remaining before we need to start thinking about meaningful increases in capital expenditures to support your MSS business? "

A. Jay Monroe

Well, the satellite constellation was completed on ā€“ in 2013 and the constellation was engineered as a 15-year lifespan.

But, but, but. The first 18 satellites were launched in 2010 and 2011. Only the final 6 were launched in 2013..

A bit, misleading

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