Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 48.26

-5.6%

Nov 6 3:59 PM EST

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To: Maurice Winn who wrote (20840)	1/4/2001 4:41:12 AM
From: KyrosL	Read Replies (1) of 29986

I think that G* will be unable to lower prices quickly and deeply enough to avoid bankruptcy or a BK-like reorganization, because there are too many players with different agendas and priorities involved in the pricing decision. Bankruptcy could have been avoided, if G* could make its own pricing decisions without having to coordinate and persuade a bunch of SPs. These elephants are highly unlikely to act in the few months remaining before BK-like conditions arise. A BK-like reorganization is the only sufficiently strong jolt to prompt a drastic change of the pricing plan, and has the additional advantage that the elimination of most debt will make a deep price cut much more palatable. Don't be fooled into complacency by the lift in the stock price caused by the short squeeze. It won't last long, IMO. Kyros

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