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

To: A.L. Reagan who wrote (11709)	4/13/2000 10:08:00 PM
From: Valueman	Respond to of 29987

Canavan is gone, for some time I think. His career at G* was short.

To: A.L. Reagan who wrote (11709)	4/14/2000 3:29:00 AM
From: JGoren	Respond to of 29987

I will be voting against the stock options. I am down 2/3rds. They are not gonna rip me off anymore.

To: A.L. Reagan who wrote (11709)	4/14/2000 12:08:00 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

Allan, 40% ownership of GLP by GSTRF sounds about right. The 25% figure you recall is quite old. From the 10-K405: "At December 31, 1999, GTL owned approximately 36.6% of Globalstar's outstanding ordinary partnership interests and 100% of the outstanding 8% convertible redeemable preferred partnership interests ("8% RPPIs") and 100% of the outstanding 9% convertible redeemable preferred partnership interests ("9% RPPIs") of Globalstar, and its sole business is acting as a general partner in Globalstar." And after that 8M shares of GSTRF were sold, proceeds of which were used to buy Partnership Interests, so I think 40% is right.