Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 64.97

-1.1%

Jan 23 9:30 AM EST

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To: Sawtooth who wrote (10573)	3/7/2000 12:29:00 PM
From: llwk7051@aol.com	Read Replies (1) of 29987

Sawtooth, the ML report was fairly negative. They think it will be very hard to meet Globalstar projections for year. There is concern that they will have problems with loans in June. Cash burn rate is very heavy. Some evidence that they will have to discount air time and that number of minutes per user estimated are too high. I do not know what they have to back up the minutes. They also mentioned handset delivery from Ericsson are 0 for commercial use (waiting on approval). Not very encouraging. Robert

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