Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.01

+0.4%

Jan 9 9:30 AM EST

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To: A.L. Reagan who wrote (10512)	3/6/2000 1:57:00 PM
From: Ilaine	Read Replies (1) of 29987

No, I didn't say that there would be a successful reorganization. I said that, even in the event of liquidation there are still assets, including the satellites. If Rocket Scientist says that the satellites are of "questionable utility," who am I to say otherwise? I've never claimed to be a rocket scientist. I'd be very surprised if Chase sues Motorola. Motorola is an investor in Iridium, and a creditor of Iridium. How do you transmogrify that into an obligation to Iridium's other creditors?

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