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

To: timers who wrote (14083)	7/3/2000 9:55:55 PM
From: Veiko Herne	Read Replies (1) \| Respond to of 29987

Hi Tabler Actually I see this loan thing differently. There was bunch of big firm executives playing golf some years ago and somebody started to talk about "next cool thing", that Motorola is doing. So those guys was immediately thinking, how much new jobs they will get, like building new satellites, rockets, etc. So some banker ask to be involved and it's OK to get it build with Chase money. They will get the orders anyway. So, they will establish the Globalstar and hire the management. Management will do nice (not excellent) job, satellites are up, international network of telecommunication companies somehow working (maybe somebody besides me understands, how difficult is to deal with ex telecom monopolies) and early customers will love the service. But bank reads from media, that SAT phones are not longer "cool things". So they ask the money back. If You are in same position, what You will do? Walk away to some new startup or try to solve the situation? Veiko