Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 48.26

-5.6%

3:59 PM EST

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To: Sword who wrote (12243)	5/6/2000 4:17:00 PM
From: Solomon	Read Replies (1) of 29986

I am short this Stock: The reasons are as follows. 1. GSTRF is worth about 5.25 billion: 2.75b in equity, 2.5b in debt. 2. needs 600 million a year to operate. 3. has enough money to make it through the 4th quarter. 4. Loral shareholders want out. 5. George Soros is already out. I don't believe that anyone is going to pump any more money in GSTRF, and if that is the case, then they must increase the number of subscribers by 500,000 by year end. It wont happen overnight, but I think it will happen. quote.bloomberg.com

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