Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 48.26

-5.6%

Nov 6 3:59 PM EST

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To: Rocket Scientist who wrote (17746)	10/7/2000 4:24:13 PM
From: pcstel	Read Replies (2) of 29986

RS.. Here is another theory for you.. If I read the 10-K correctly.. Globalstar's first payment (principle) on the 500 million revolver is due Jan. 15, 2001.. The amount of the payment due is EXACTLY 56 Million.. Which is what the partners/SP's ponied up!! They obviously didn't just pick 56 million out of thin air!! This must be it!! And if they make that payment, then the covenant on the March 2001 would be easier to get a waiver.. After all, they just paid back 56 million two months ago!! I would love to buy some bonds if I knew this was the case.. I am sure IR will not be too helpful. As usual.. What do you think?? PCSTEL

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