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: Jon Koplik who wrote (10439)	3/2/2000 8:53:00 AM
From: Sawtooth	Read Replies (1) \| Respond to of 29987

Doin' a little brain-spinnin: So, McGaw buys the Irid and Ico assets on the cheap, unrolls a grand plan and strong PR machine, recapitalizes through a new public offering, investors flock in to attach themselves to the magic McGaw golden touch, the stock takes off and they buy Lor with the G* ownership on the cheap (if not G*), and control mega-spectrum and a viable system for a relatively small cash outlay. Whadya' think, Jon? ........VVVVVVVVVVVV

To: Jon Koplik who wrote (10439)	3/3/2000 1:14:00 AM
From: Ilaine	Read Replies (1) \| Respond to of 29987

According to documents filed by Iridium in the New York bankruptcy court 2/18/00 (agreeing to transfer to New York), Iridium has 66 functioning satellites and 6 spares. This jibes with other info posted elsewhere - the confusion may be that several (12, I think, but not sure or the exact number) of the launched ADDITIONAL launched satellites are non-functional. Bankruptcy proceedings are not as slow as ordinary litigation, so don't get your hopes up, IMO. ecf.nysb.uscourts.gov