Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.16

-4.2%

Jan 16 9:30 AM EST

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To: Kranmantazz who wrote (19250)	11/14/2000 10:56:27 PM
From: John Stichnoth	Read Replies (1) of 29987

Kran--Please explain--What's wrong with his statement? Clearly, if G* fails to get "traction" (Bernie's term), and cash flow stays negative through mid-next year, they will run out of money and be forced into bankruptcy. While an intervening event may occur, such as an infusion of cash from the SP's or QCOM, etc., a bankruptcy would put the common shareholders absolutely at risk. The financial situation is separate from the constellation's ability to perform--which is does wonderfully. --------- Your post: "GG fails to recognize that the G* system can stick around indefinitely without any of the common shareholders making a nickel." M1 you are as bad as many of the writers we have been complaining about. You occasionally make good points but even then the impact is much less than it could be were you not so frequently making biased and/or false statements.

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