Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 64.34

+7.4%

Nov 12 3:59 PM EST

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To: pcstel who wrote (25266)	10/12/2002 4:34:17 PM
From: Maurice Winn	Read Replies (1) of 29987

Judging from the price of the bonds and the money necessary to get Globalstar to profit, I don't think the creditors are going to get much of the New Globalstar. Since it won't be Loral putting up the money, it looks as though Loral is out [more or less]. If QUALCOMM paid $300 million for the assets [or shares in the company when clear of bankruptcy], they'd get nearly all the shares in the new company. Then they could slash minute prices to the right level and start the phone production lines, get the next [100% coverage] constellation lined up, develop new, smaller phones with methanol fuel cells and 1xRTT or 1xEV-DV gizzards with all the good stuff like RadioOne, gpsOne, BREW etc. This is the longest denouement I've heard of. Mqurice

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