Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 63.70

+6.1%

Jan 12 3:59 PM EST

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To: Maurice Winn who started this subject	9/25/2000 11:34:07 AM
From: Valueman	Read Replies (3) of 29987

Unterberg comments out today indicate this cash will still only last them until May 2001 because the quarterly cash burn rate is now on the order of $180 to $205 million. They said the 8-K indicated ~$80 million is going to capital expenditures, repayment of vendor financing(please please pay QCOM first), and net financing provided to SPs for gateway purchases. The rest goes for normal operating expenses and interest/dividend expense. Has anyone dug through the 8-K and come to this same conclusion?

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