Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 65.57

+7.8%

Jan 22 3:59 PM EST

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To: Rocket Scientist who wrote (22520)	3/15/2001 3:10:35 PM
From: Rocket Scientist	Read Replies (1) of 29987

Still no proposal from Blackstone, 58 days after the debt service suspension announcement, and 28 days since the February bond coupon was due. An involuntary C11 filing seems likely next week, and may be possible as early as tomorrow, absent some pretty compelling proposal, which many of us thought should have been issued by now. OTOH, CTIA is big event for Globalstar, and G*USA has already announced plans to release new pricing then, so presumably they don't think that GLP will be in court. hmmmmm.......

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