Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 73.01

-0.9%

Dec 12 9:30 AM EST

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To: Quilty who wrote (1982)	9/10/1998 4:53:00 PM
From: mmeggs	Read Replies (1) of 29987

I don't know if this will pull you off the ledge, but it made me feel better. The June 10Q has G* sitting with $414 million in cash. While I know some of that, hopefully not all, is already pledged for other purposes, I would hope it would at least mitigate the possible need for debt-financing and/or extended servicing because of the delay. Peter Lynch was recently quoted as saying he doesn't know which way the next 1000 pts. will be, but he does know which way the next 7,000 will be. I try to console myself that this is just "a sideways move." (Thanks Jeff Vayda) Pass the bottle. mmeggs

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