Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 62.88

-0.5%

Nov 14 9:30 AM EST

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To: pcstel who wrote (26967)	5/7/2009 11:33:54 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 29987

Indeed, Loral and Globalstar both bankrupt is quite a bad blot on a CV. Telling creditors that people want ice water in Hell was not a kindly response. <Lockheed Martin, which is negotiating with Loral over the repayment, refused to comment, but Mr. Schwartz is willing. Globalstar has already given Lockheed generous compensation, in rights to buy stock, for the loan guarantee, he said. ''I don't know why, to be candid with you, it's newsworthy that Lockheed Martin is upset,'' he said. ''The people in hell want ice water. It's not something people take notice of.''> nytimes.com Mqurice

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