Globalstar Telecommunications Limited GSAT Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 62.88

-0.5%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeff Vayda who wrote (4059)	4/22/1999 3:21:00 PM
From: Goodboy	Read Replies (1) of 29987

Staiano just resigned. Iridium is now within months of the restructuring that will wipe out equity and be quite painful for bondholders. This is playing out as expected. Motorola will proclaim at one point that in order to save Iridium, they will have to resturcture. Which really means, in order for Motorola to put in more money, they want to own a lot more equity and salvage their investment. Staiano and the CFO are both gone because the coming bloodbath will make for a lot of unhappy people they promoted this overpriced space experiment to.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next