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1st Gen Satellite Globalstar: You've Got To Know When To Hold 'Em... [Seeking Alpha]

GLOBALSTAR (GSAT)  More Company Research Source: Seeking Alpha
Last globalstar earnings: 5/10 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: globalstar.com/investors
PDF 1st Gen Satellite Globalstar: You've Got To Know When To Hold 'Em...SummaryIn 2004, Globalstar and its LEO satellite constellation were rescued from bankruptcy by Thermo Capital Partners, led by Jay Monroe, which remains the largest shareholder and majority debt holder.The company targeted the journalist, explorer, and others in remote areas of the world. Corporations use the network for maintaining contact with remote workers, as well as tracking assets.A 2nd generation satellite refresh finished in 2013 has not enticed sufficient new business for ongoing viability.The December 2016 FCC approval of Orbcomm's 2.4MHz Satellite spectrum for terrestrial use has not brought forward any partners or suitors.Subsequently, Chairman and CEO Jay Monroe declared a “quiet period” for the company to pursue M&A. “All options are on the table”. [Read more]

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