Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 64.06

+6.9%

12:43 PM EST

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To: RMiethe who wrote (4179)	4/25/1999 9:58:00 PM
From: Goodboy	Read Replies (1) of 29987

Thanks for the very informative post. I would like to clarify one point where I believe you mentioned me (as Goodfellow). I am not predicting the demise of Iridium the service (although that may happen, but I doubt it). I am simply predicting that the equity will become near worthless, the bondholders will get .20 to .50 cents on the dollar, bank debt will be made whole and Motorola will own the lion's share of the company. A restructuring doesn't have to impact the service. Only in the unlikely event that no investor (including Motorola) will pony up more money after a restructuring, would the service itself be in trouble.

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