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: Maurice Winn who wrote (13796)	6/23/2000 1:31:00 AM
From: Jon Koplik	Read Replies (3) of 29986

G* bonds @ 28 cents on the dollar is crazy (in my opinion). Short version of a long post I hope to write within the next day or two : One lesson learned from two long (and sometimes very boring) years spent (by me) attending what is considered to be one of this country's finest business schools : Fundamental concept underlying Corporation Finance theory : If a corporation's common stock is to have ANY value at all, then ... the bond obligations of that same corporation must be fulfilled as per the contractual terms set out when the bond(s) was/were issued. Translation : if GSTRF has any value, then the G* bonds should go to 100 cents on the dollar. I have bought a lot of G* bonds in the past few days. I'm gonna look real stupid or real smart in the year 2004 (or 2005) (G* bonds maturity date). Jon.

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