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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Jim Parkinson who wrote (7001)	8/30/1999 11:32:00 AM
From: CMon	Respond to of 29987

Globalstar bonds have ranged from 55 to 75 since last summer. The yields at which they trade has indicated deep skepticism from the credit community all along. If you like the business model the risk/reward of the bonds has always seemed alot more interesting to me.

To: Jim Parkinson who wrote (7001)	8/30/1999 5:33:00 PM
From: John Stichnoth	Read Replies (2) \| Respond to of 29987

A question for our financial types: Does a 30-35% discount on the bonds suggest that people (bondholders, anyway) think that G* has maybe a 1-in-3 chance of failing, and a 2-in-3 chance of making it? Just a thought, because if that is the case, then the stock (as we all already know?) is way undervalued: The reward for success by G* is way greater than a double at the present levels. (Jim--haven't the bonds always been trading at junk levels, maybe a 15+% yield to maturity? Haven't been watching them, but that has been my impression. Iridium bonds, some time back when I looked at them were at less of a discount than G*'s if I recall correctly). Best, JS