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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: Lance Bredvold who wrote (6577)8/6/1999 12:12:00 PM
From: Rocket Scientist  Read Replies (2) | Respond to of 10852
 
I agree with you that this will be new equity, probably coming out of the 500M$ that was registered a couple weeks ago, and dilutive to other GLP partners, including GSTRF.

However, my guess is that Loral hasn't and won't exercise these warrants yet; when it does G* will get more cash and Loral will (presumably) get a great deal on shares that will have appreciated greatly by then.

As for LP vs corp, I think it's for tax reasons, but VMan will know best.



To: Lance Bredvold who wrote (6577)8/7/1999 12:08:00 AM
From: JGoren  Respond to of 10852
 
partnership income is reported on the partner's tax return. income of a corporation doesn't flow through and can't be reported on Loral books unless it owns 80%.


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