Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 58.36

-5.8%

Feb 4 3:59 PM EST

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To: Art Bechhoefer who wrote (20665)	12/29/2000 4:54:30 PM
From: KyrosL	Read Replies (1) of 29987

<it is likely that Schwartz would not be in favor of bankruptcy because then his own Loral ownership suffers, since Loral owns about 40 percent of G* equity. > Art, I disagree. BLS, may not want bankruptcy for G* because it's his baby, not because of Loral's equity ownership. Loral is a substantial G* debt owner as well. IMO, a bankruptcy that eliminates G* debt and replaces it with equity in a new debt-free G* will result in a much better chance that Loral will recover its G* investment. Although Loral's share of the new G* will be less than its share of the current G, the new G will have a much better chance of success because it will be able to price its voice and data minutes much lower than it can today, and in fact be truly competitive with falling terrestrial rates.

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