Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 59.36

+17.5%

10:37 AM EST

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To: Jon Koplik who wrote (11891)	4/24/2000 9:49:00 AM
From: Jeffry K. Smith	Read Replies (1) of 29987

Thank you very much Jon. I do have another question or two. Because these bonds (like the vast majority of bonds) are NOT "zero coupon bonds" -- they promise to pay an interest payment each six months throughout the life of the bond, and then a re-payment of the principal (and, the last interest payment, too) on the final maturity date. So, in other words, the G* bonds are NOT zero coupon bonds - and by not being so G* promises to pay semi-annual interest, payment of which, because of the co.'s condition in the future, may be delayed until near the maturity date - right? If G* cannot make their final interest and full principal payment at the specified date is a bondholder left holding the bag entirely? Thanks again, Jeff Smith

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