SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 56.13-1.0%1:42 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Stichnoth who wrote (7022)8/30/1999 5:41:00 PM
From: CMon  Read Replies (2) of 29987
 
<<Does a 30-35% discount on the bonds suggest that people (bondholders, anyway) think that G* has maybe a 1-in-3 chance of failing, and a 2-in-3 chance of making it?>>

=> no

<<because if that is the case, then the stock (as we all already know?)is way undervalued >>

=> even if we took your supposition that the the bonds implied a 1/3 risk of failure to be true, I'm not sure how you would have proceeded from that to this conclusion. Moot question, nevermind the answer...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext