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: Rocket Scientist who wrote (12332)	5/7/2000 11:20:00 AM
From: Geoff Goodfellow	Read Replies (1) of 29986

What killed Iridium was not failure to meet the expectations of equity investors...it was the failure to comply with loan covenants. G has 11 months before that's going to be an acute problem.* I'm not sure if its my jet lagged brain, but as i recall isn't Globalstar already in violation of failure to comply with some existing loan covenants? I keep on hearing on the CC's about the renegoiations, but they seem to just drag on and on and on? Geoff

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