Globalstar Telecommunications Limited GSAT Message Board

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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: Jon Koplik who wrote (11891)	4/25/2000 11:37:00 AM
From: RalphCramden	Read Replies (1) of 29986

Jon, can GSTRF legally buy back its own bonds on the open market? It would seem to be much more cost effective than "calling" the bond. I understand that GSTRF is in no position to spend cash on calling or buying bonds. I am just trying to understand the market. In the event they had cash they wanted to use to reduce debt, they can buy the bonds on the open market, and they would only call the bonds back if that was cheaper than buying them on the market? Thanks Ralph

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