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

To: Ok2Launch who wrote (7063)	8/31/1999 10:36:00 PM
From: djane	Respond to of 29987

Ok2, here's a section from the article just posted. One of Globalstar's big advantages over its rivals is that it already has the $3.8 billion needed to start operating its 48-satellite network. The company, which arranged a $500 million loan agreement with Bank of America earlier this month, says that loan, plus some financing from vendors, is enough to operate until the fourth quarter of 2000, when it expects cash revenue will exceed cash expenses. So, Nabi's comment (misquoted?) in the very inaccurate iioline article seems wrong to me. djane