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Technology Stocks : GLOBALSTAR - The New Beginning - GSTRF / GSTRQ
GSAT 54.41+7.1%Oct 31 9:30 AM EDT
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To: kitterykid who wrote (29)3/18/2003 8:11:22 PM
From: Art Bechhoefer   of 65
 
LD--Well, a little bit better, anyway. I'm not setting my sights too high, but just remember that a company cannot emerge from bankruptcy without having a court approved agreement on compensating the debt holders. The trustee for the bondholders is required by law to act in the best interests of the bondholders. It's unlikely that we would see more than 30 cents on the dollar (in the form of some kind of stock, usually preferred), but if the company becomes successful, as it might, then that investment eventually might return something decent.

Art
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