Kiran Pande
Small-cap, portfolio strategy, theory

Globalstar: Multi-Billion Dollar Spectrum Or Dilution Pitfall?

This article follows an article written by me and published January 3, 2014 entitled, "What Goes Up, Must Come Down... By 61% For Shares Of Globalstar." It was removed at the request of Globalstar, Inc. due to a dispute. The following corrections have been made: 1. Stock issuance via the Contingent Equity Agreement was made to Thermo Capital Partners LLC, not a syndicate of French Banks, and the full $60 million has been drawn (statements regarding the covenants of this agreement have been retracted and removed from the analysis) and 2. Globalstar, Inc. estimates approx. $12 million in capital expenditures for 2014, not $50 million (this figure has been retracted and removed from the analysis). A significant amount of new...

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