Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 62.88

-0.5%

Nov 14 9:30 AM EST

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To: pcstel who wrote (19475)	11/24/2000 7:00:16 AM
From: Labrador	Read Replies (1) of 29987

>> By LORAL buying the loan, it appears they are preparing to put the system in Bankruptcy.. They are just saving their satellites.. Everything points to Bankruptcy in April..<< I think that LOR was going to have to make good on their guarantee of the $500M loan. So they merely repurchased it. I do agree with you that bankruptcy is imminent for G. Since LOR controls the bulk of G debt, I would think that they could be a winner when G* emerges from bankruptcy. Common shareholders of G* will basically be wiped down to almost nothing in a prepackage bankruptcy. With the debt wiped out in a bankruptcy, won't G* then be viable?

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