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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 50.53+4.7%Nov 7 9:30 AM EST

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To: MileHigh who wrote (11885)4/22/2000 8:03:00 PM
From: Jeffry K. Smith  Read Replies (3) of 29986
 
MH that helps tremendously. Thank youvery much. One question though:
The coupon is 11.375%. Therefore, many believe that G* will not be able to service this debt, thus the high risk assigned to it. (YTM is 50% on a Coupon of 11.375%)
My understanding of a coupon is something you cut off, and turn into a bank for payment (coupon bond) - so if I bought the bond you described I get paid interest how often?
Secondly, I think your other point is 11.375% for 4 years is 50%, right?

Could you clarify those two things, and thanks again.

Best,
Jeff Smith
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