Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 64.97

-1.1%

Jan 23 9:30 AM EST

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To: Souze who wrote (16066)	8/22/2000 9:19:53 PM
From: A.L. Reagan	Read Replies (1) of 29987

Globalstar LP Senior Unsec Cut To CCC BY S&P Another buying opportunity for Jon's bonds? Will make a point to see if this affects the prices for the senior debt - currently offerred @ +/- thirty cents per dollar. Glad to see G. Powers and Toland over here. They must have more confidence in the ability of G* and the SP's to actually execute b/4 we're all dead. It is easy to get beguiled by the technology, the inherent costs, all the possible applications, etc. And feel so smart figuring out that there really is a potential demand for the service, when W.S. has buried it. But, we still don't know whether this gang can execute. Little evidence so far of positive traction. Lots of evidence of foot shooting. Watching and waiting for the execution story to change. Have less faith in the ability of telcos to effectively do vertical/niche marketing than G. Powers. They are mass marketers in general, not niche or application focussed, and they are getting virtually zero assistance from G*.

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