so how does globalstar respond to these allegations? starters, they claim that wi-fi congestion is very real. in fact, wi-fi is carrying a lot of load for mobile originated data and we actually do need more capacity, which happens to be where gsat was located. they only see the problem going worse going forward and that seemed like that was a compelling argument to me. globalstar says they're offering a premium service at lower cost. they insist there would be demand for this and the service could be deployed quickly and efficiently. that intrigued me, too. when you look at the claims made by kerrisdale and the claims made by globalstar, it's pretty clear they're mutually exclusive. in other words, someone's wrong. my view, look, i'm not the guy to settle questions about wireless technology. when it comes to the purely financial side of the story, i am concerned about globalstar's balance sheet. what's the issue? it looks like the company's on track to miss those targets. and therefore be in violation of its covenants. they already miss