Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 68.55

+0.4%

9:38 AM EST

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To: The_Guru_00 who wrote (6875)	8/26/1999 11:51:00 AM
From: John Stichnoth	Read Replies (1) of 29987

Maurice may have gone out for a Foster's, after his busy day (night? Summer? Winter?). On your question on this being a handset business, I would expect something like the following: 1. All debt is converted to equity. 2. MOT's maintenance contract is rewritten to just cover its costs going forward, with little (no?) room for meaningful profits for them on that side. 3. Regardless of debt level, irid won't make money for its holders in anything close to a material way. (This is the point, I take it where you see some hope. I don't. The benefit for the holders in a restructuring and continued operation is to defer writedowns. No more. They can't get to the next generation. They won't be able to justify launching more sats.) 4. As long as irid can continue to limp along, therefore, the only ones making money will be the retail chain--ie., the handset makers. Best, JS

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