Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 61.76

+3.0%

3:59 PM EST

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To: pcstel who wrote (17686)	10/6/2000 4:59:00 PM
From: Rocket Scientist	Read Replies (1) of 29987

Why do you say "the SP's pledged this money before the Bear S deal"? G* announced the BS deal took down the first tranche on 9/19. globalstar.com freeedgar.com The deal with the partners was announced on 9/25. globalstar.com They commmitted to buy at $10.71/share, with a 90 day stand still provision, knowing that 95M$ worth of stock was to be offered right after their purchase. That shows a certain amount of "partner support" to me. It's also not true that "Of course the "pre-sold" minutes became "pre-commited" minutes, and we have heard nothing about them sense (sic) then." The Q2 financial report indicates 23.12M "committed gross service revenue to be recognized as service is provided"

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