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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 59.15-5.9%3:59 PM EST
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To: Jon Koplik who wrote (19492)11/24/2000 6:02:07 PM
From: pcstel  Read Replies (4) of 29987
 
Jon,

(Fair Enough!! (So as a bondholder! (And I only assume that you hold G* bonds (since you state so in yourSI profile) what would your view be if LORAL announced publicly that they intend to call the loan on March 31, 2000((((.)

(I phrased the above question in the form of a mathematical equation since a previous statement that you posted was in the same format).

<(Maybe (for those other than G* and Loral) receiving a larger piece of Globalstar (?))>

So I thought it might make it easier to comprehend ! Obviously by the amount of PM's on SI and email's from those on Yahoo enquiring about further information on this SPECULATION. Others are not struggling to figure out exactly what I mean.

So here are my questions as simple as I can make them..

1. Do you hold G* Bonds?

2. If LORAL stated publicly that "LORAL, The Company" intended to call the loan on March 31, 2000 (as they appear to have the right to do, buy buying the loam from B of A) if the loan covenant's were not reached. And you, as a bondholder (If so) would be defenseless, against LORAL Corporation deciding to call the loan, due to it being in the best interest of it's (LORAL's) shareholders. Thus placing Globalstar LP on a firm course into BK on March 31, 2000.

What would your course of action be!

What would you think bondholders who may not understand the underlying value of the system's action be?

BTW . To all those who sent PM's/e-mail's and I will answer each of you, just give me a little time!

Thank you for your time Mr. Koplik,
PCSTEL
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