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: A.L. Reagan who wrote (10512)	3/6/2000 1:39:00 PM
From: Rocket Scientist	Read Replies (2) \| Respond to of 29987

New Iridium filings at ecf.nysb.uscourts.gov Seeks emergency 4th stipulation allowing use of 3M$ cash collateral to fund operations through March 17, apparently agreed to by lenders. Discusses plans to solicit bids by 15March on expedited basis, at same time preparing plans to deorbit Irid satellites(!) and otherwise wind down company. Any Quillionaires out there ready to step up to the plate?

To: A.L. Reagan who wrote (10512)	3/6/2000 1:57:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 29987

No, I didn't say that there would be a successful reorganization. I said that, even in the event of liquidation there are still assets, including the satellites. If Rocket Scientist says that the satellites are of "questionable utility," who am I to say otherwise? I've never claimed to be a rocket scientist. I'd be very surprised if Chase sues Motorola. Motorola is an investor in Iridium, and a creditor of Iridium. How do you transmogrify that into an obligation to Iridium's other creditors?