$GSAT in a down channel $1.22 7-bagger correcting Amex +

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PoemStone
$GSAT in a down channel $1.22
7-bagger correcting
Amex + bats
called 7/20/13 $0.63


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Shares Outstanding 910.96M
Float 402.58M

% Held by Insiders 56.06%
% Held by Institutions 34.60%
Shares Short 53.95M
Short Ratio 3.63
Short % of Float 13.26%
Shares Short (prior month) 48.36M


News

Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services. It also provides SPOT products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; SPOT Global phone; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Simplex one-way transmission products to track cargo containers and rail cars, to monitor utility meters, to monitor oil and gas assets, and other applications. Further, it provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company primarily serves recreation and personal; government; public safety and disaster relief; oil and gas; maritime and fishing; natural resources, mining, and forestry; construction; utilities; and transportation markets. Globalstar, Inc. distributes its products directly, as well as through independent agents, dealers and resellers, independent gateway operators, and its sales force and e-commerce Website. As of December 31, 2014, it served approximately 688,000 subscribers. The company was founded in 2003 and is headquartered in Covington, Louisiana.
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