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


To: Rocket Scientist who wrote (12332)5/7/2000 11:20:00 AM
From: Geoff Goodfellow  Read Replies (1) | Respond to of 29986
 
What killed Iridium was not failure to meet the expectations of equity investors...it was the failure to comply with loan covenants. G* has 11 months before that's going to be an acute problem.

I'm not sure if its my jet lagged brain, but as i recall isn't Globalstar already in violation of failure to comply with some existing loan covenants? I keep on hearing on the CC's about the renegoiations, but they seem to just drag on and on and on?

Geoff