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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 61.62-4.7%Jan 30 3:59 PM EST
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To: Serendipity who wrote (20621)12/28/2000 2:28:15 PM
From: KyrosL  Read Replies (2) of 29987
 
pcstel explained his position in great detail over and over on this thread. He thinks that BLS will propose that the bondholders accept equity in lieu of interest for the next 2 years or so until G* can stand on its own. The alternative is bankruptcy in which case G* may not be worth much to anybody.
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