Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: David Wiggins who wrote (9414)	1/10/2000 11:48:00 AM
From: JGoren	Respond to of 29987

what other shoe?

To: David Wiggins who wrote (9414)	1/10/2000 12:28:00 PM
From: Sawtooth	Read Replies (2) \| Respond to of 29987

<<Given the news, I'd say the other shoe has yet to drop, and it's a big one>> Dave: Could you lift the curtain a little and give us a peek re:"other shoe"? Many thanks. ..........VVVVVVVVVVV

To: David Wiggins who wrote (9414)	1/10/2000 1:10:00 PM
From: John Stichnoth	Read Replies (1) \| Respond to of 29987

Re stock move. I was thinking over the weekend, in line with the discussion here, about the amount of future funding, and what form it might take. I had concluded that we would see $300 MM raised as 8% converts with a $35 conversion price. Today's announcement is a welcome surprise--I didn't like the idea of the interest overhang. Maybe that outlook is generally held and accounts for the rise? Re RS's comment on future funding--my guess has been that the total additional funds needed would total $600 million, until the company hits breakeven at the end of 2001. Rocket's calculations aren't too far from this, and suggest that another financing is still ahead of us--but can be delayed until MOU's and handset distribution issues have been proven.