Globalstar Telecommunications Limited GSAT Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 50.53

+4.7%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim Parkinson who wrote (24089)	8/30/2001 2:20:17 AM
From: Alan Norton	Read Replies (1) of 29986

Subject: Current Institutional Ownership gusa is still around, sort of, and the bondholders have yet to tip this into bk. Jim, I am also somewhat surprised that the bondholders have not pushed this into the courts - or at least I was until I looked at the latest institutional ownership of the equity. Institutionall ownership as of the latest quarter (end of July) shows 6.1% (reference insidertrader.com. My post on 08/13/2000 (http://www.siliconinvestor.com/readmsg.aspx?msgid=14207513) showed institutional ownership down from 38.5% to 22.9%. So, institutional ownership of the common stock has fallen from 38% in the first quarter of 2000 to 6% in the last quarter. I would expect a similar change in the institutional ownership of the bonds during this timeframe, although I have no numbers to justify this. The lack of institutional ownership may be the primary reason that the bondholders have yet to force this into the courts. Secondarily, the price of the bond implies the risk that interest payments may not be met. On a different note, while I have not always agreed with Maurice's posts, I have respected the fact that he has been here for so long, day in and day out, helping to keep an informative thread alive. From my perspective, Silicon Investor owes Maurice a big thanks for his work.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next