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November 26, 2018
James Monroe, III
Executive Chairman
Globalstar, Inc.
300 Holiday Square Boulevard
Covington, Louisiana 70433
Re: Globalstar, Inc.
Form 10-K for the Year Ended December 31, 2017
Filed February 23, 2018
File No. 001-33117
Dear Mr. Monroe:
We have reviewed your filing and have the following comment.
Please respond to this comment within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe our
comment applies to your facts and circumstances, please tell us why in your
response.
After reviewing your response to this comment, we may have additional
comments.
Form 10-K for the year ended December 31, 2017
Liquidity and Capital Resources, page 41
1. We note your statement on page 16 that you expect that your current
sources of liquidity
will be insufficient to meet your obligations during the year 2018. We
also note your
statement on page 43 that the source of funds for Equity Cure
Contributions "has not yet
been fully arranged." In future filings, including your quarterly
reports, please revise to
disclose whether you believe you have sufficient cash and other types of
liquidity available to fund operations and meet your obligations on both
a long-term and
short-term basis. We would consider long-term to be greater than twelve
months.
We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.
You may contact Charles Eastman, Staff Accountant, at (202) 551-3794 or
Terry French,
Accountant Branch Chief, at (202) 551-3828 if you have questions regarding the
financial
statements and related matters. Please contact Gregory Dundas, Attorney
Advisor, at (202) 551-
James Monroe, III
Globalstar, Inc.
November 26, 2018
Page 2
3436 or Larry Spirgel, Assistant Director, at (202) 551-3810 with any other
questions.
Sincerely,
FirstName LastNameJames Monroe, III
Division of
Corporation Finance
Comapany NameGlobalstar, Inc.
Office of
Telecommunications
November 26, 2018 Page 2
cc: Arthur McMahon, III, Esq.
FirstName LastName