Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 57.50

-7.2%

2:41 PM EST

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To: Art Bechhoefer who wrote (20640)	12/28/2000 8:02:40 PM
From: Pierre	Read Replies (1) of 29987

Are you saying that the gateway owners are content to just sit on their assets and do nothing? That's all there doing now, so why not? Doesn't seem logical to me. Me either, but the whole SP issue (VOD in particular, I guess) has been puzzling. That said, I disagree with pcstel's assessment. I know pcstel has his theory on this, and certainly the stock price supports it, but I just don't see it the same way. I don't think Q* or LOR or any of the partners for that matter are trying to steal this system from the equity holders by BKing it. I think Maurice's view on this one is more correct - too much downside for all involved whether "pre-pack" or "structured" or straight BK. If this thing shows some life it'll get funded. Pierre

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