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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 59.45-1.7%3:59 PM EST
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To: pcstel who wrote (19512)11/25/2000 12:10:37 PM
From: KyrosL  Read Replies (2) of 29987
 
pcstel, we are all speculating here. The main weakness of your speculation is that in the end (after two years of paying bondholders with equity) G* is still left saddled with the same debt as now, limiting its ability to cut prices drastically in order to compete. Another is the fact that G* will still need hundreds of millions of new dollars to operate until cash breakeven. I like my speculation more:

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