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

To: John Stichnoth who wrote (7022)	8/30/1999 5:41:00 PM
From: CMon	Read Replies (2) \| Respond to of 29987

<<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?>> => no <<because if that is the case, then the stock (as we all already know?)is way undervalued >> => even if we took your supposition that the the bonds implied a 1/3 risk of failure to be true, I'm not sure how you would have proceeded from that to this conclusion. Moot question, nevermind the answer...

To: John Stichnoth who wrote (7022)	8/30/1999 10:10:00 PM
From: Jim Parkinson	Respond to of 29987

Yes they have as Cmon pointed out. Lots of second guessing going on right now about G* bus plan, soft rollout, is a market, etc. Good and interesting discussions. The 64k question, is there a market? If not, G* will surely go the way of Ir. I feel strongly that there is a market and Ir really screwed things up with extremely high prices, limited licenses, poor initial quality while advertising world wide capability, and so on. Stuff I and others have said before. I don't know what AirTouch and the other sps are going to do when they finally roll out but I also don't think now is the time to tell us. Why show your hand until you are ready to collect revenues? Doesn't do much for the short term stock price or bond yields but might be the best in the long run.