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

To: Ilaine who wrote (10884)	3/16/2000 8:21:00 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

<<Iridium now has at least until the next hearing date, scheduled for March 27, at which time the company's request for an additional 45-day extension will be considered.>> I don't think that's quite right, at least as far as operating the system is concerned. Mot has not agreed to perform O&M past tomorrow, unless it's paid cash. And the banks have not agreed to use of cash collateral for that purpose....Tomorrow, either Mot or the banks blink, somebody brings more money to the table, or the system grinds to a halt....according to my read of the BK filings.