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Technology Stocks : Loral Space & Communications
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To: Lance Bredvold who wrote (6577)8/6/1999 12:12:00 PM
From: Rocket Scientist  Read Replies (2) of 10852
 
I agree with you that this will be new equity, probably coming out of the 500M$ that was registered a couple weeks ago, and dilutive to other GLP partners, including GSTRF.

However, my guess is that Loral hasn't and won't exercise these warrants yet; when it does G* will get more cash and Loral will (presumably) get a great deal on shares that will have appreciated greatly by then.

As for LP vs corp, I think it's for tax reasons, but VMan will know best.
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