Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 46.93

-6.9%

Nov 4 3:59 PM EST

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To: Rocket Scientist who wrote (23017)	4/16/2001 4:50:12 AM
From: Maurice Winn	Read Replies (1) of 29986

Good grief RS, at 4c in the dollar for bonds and 30c a share for stock, and Loral at $500 million market cap, QUALCOMM can pick up the whole thing without needing a loan. They could spin off the Loral non-Globalstar assets and have Globalstar LP for nearly nothing. They could make an offer to Vodafone [and other service providers] which they couldn't refuse and they'd have a world-wide going concern. I can only conclude from the bond price that negotiations are going very badly for restructuring, or perhaps the bond holders have been read the Exit 1 Riot Act. QUALCOMM is holding the trumps [though PCSTEL believes in the Exit 1 = high-card theory] so they are going to come out of this very well. Overall, the bond holders appear to be feeling very chastened and realize that without QUALCOMM on side and without Exit 1, they are holding a big, fat, zero. At $80 million [approx] for the bonds and $90 million for Globalstar LP, QUALCOMM can pay this from petty cash. QUALCOMM is going to get a huge bargain. Perhaps the biggest bargain in human history. Better perhaps than the USA buying Alaska from Russia or the Louisiana purchase. There must be some news soon. There must be some very serious negotiations going on. Bernie should be keeping we shareholders informed on progress in the negotiations. This seems to be just a continuation of the constant policy of keeping us in the dark and feeding us BS. Mqurice PS: At one post every couple of days, it does make the stream easy to keep up with. We are down to a trickle... Here is graph of posts. x = 1000 . = 500 Cumulative To Jun1996-40 [SI lost them between May and Sep] Dec1996-52 [SI lost them between May and Sep] Jun1997-175 Dec1997-339 + 230 [old stream which went biotic + new stream] Jun1998-xx Dec1998-xxx Jun1999-xxxxxx Dec1999-xxxxxxxxx. Jun Y2K-xxxxxxxxxxxxxx. Dec Y2K-xxxxxxxxxxxxxxxxxxxx. Jun2001-xxxxxxxxxxxxxxxxxxxxxxx. [23500 estimated][23000 at mid April] Dec2001-xxxxxxxxxxxxxxxxxxxxxxx?

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