GLOBALSTAR - The New Beginning - GSTRF / GSTRQ Message Board

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Technology Stocks : GLOBALSTAR - The New Beginning - GSTRF / GSTRQ

GSAT 46.46

+11.8%

2:40 PM EDT

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To: pcstel who wrote (33)	4/26/2003 3:49:48 PM
From: waitwatchwander	of 65

>>>>> Qualcomm would end up with a larger percentage ownership in a debt free Globalstar than they had with GLP PI's. (~8% vs. 6.5%) That's 8% of nG* equity and 3.5% of the votes. The split of shares into separate voting classes is most interesting. A popular nordic trick. I assume, it was requested to ensure complete control of the venture. This lobster's still crawling around the pot. The marrage has to be consummated. Potential for massive secondary dilution, total loss of control, manufacturing rights and IPR flying out the door and Where's Bill? All to get NXTL into CDMA and peddle some Q-Chat! ... Qmmmm ps I assumed the class B shares get 3.273 votes per share. Is that correct? The dot in the PDF was not distinct but 3,273 seems somewhat improbable. pss What's ICO worth these days? ... $1.2B in 2000 + 2 acquistions

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