Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 59.15

-5.9%

3:59 PM EST

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To: Maurice Winn who wrote (21693)	2/1/2001 10:37:31 AM
From: Pierre	Read Replies (1) of 29987

Pierre, I am genuinely sorry that I am not paying you the money on time. That's OK, Maurice - loans, investments - it's been a bad year all around. I will say you're the only equity holder that bothered to apologize regarding your missed payment. I was preparing my own apology to the note holders just a short while ago, and then said to hell with it and became a note holder myself. A famous American once said "neither a borrower nor a lender be." I'm determined to prove him right on both counts. <g> what will you do with them (sats) Pierre if QUALCOMM doesn't like your terms and refuses a licence? That's why this bond holder will vote for BK unless the reorganized G* is free from the shackles of VOD and BLS. That leaves me and the Q. That's my point. Wouldn't you be happy with a whole lot of shares instead of debt, if the company was then debt free ...* Sure, that's actually why I became a bond holder. It's exactly where I'm trying to go. I'll play ball so long as I'm assured VOD and BLS are stripped of their strangle hold. Absent that I'll take my nickel on the dollar in BK - short VOD and buy more Q* - and wait to see what rises from the BK ashes. If Q* ends up owning it with no partners and no debt for $25 Mil, I'll double down on Q* and wait for a spin off. <gg> Pierre

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