Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 55.27

-5.3%

12:32 PM EST

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To: METMAN who wrote (3017)	2/19/1999 10:14:00 PM
From: Joe Brown	Read Replies (2) of 29987

If you read the Iridium board, you'll see that I stated that Iridium's stock price drop was due to concerns about the bank covenants, among other things. Here's my opinion (and it's worth little in the market): Iridium will make the 27,000 number with a combination of satellite, paging and cellular roaming customers by March 31st. It will be enough to avoid a painful bank loan restructure, and give the stock a short term boost. At this point I'm thinking: rally? sell it. I'm dismayed, disgusted and fed up with a Ferrari business plan with a Volkswagen engine. Some insiders need to find other work...

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