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

To: TMann who wrote (12708)	5/12/2000 7:15:00 PM
From: bryston	Read Replies (1) \| Respond to of 29986

<A flash of genius came to me last night. Why not sell a bundle of future minutes to the service providers to fill the cash shortfall.> That's, in essence, what was done with the previously announced $25M worth of airtime sold at a 25% discount. The ensuing $19M in revs will be recognized when earned. Of course, $19M is a long way from covering the $120M-$125M nut Q2Q. I tried to find more on how this $19M is handled in the 10-K, but I didn't have any luck.