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

To: Michaelth1 who wrote (16997)	9/19/2000 6:50:58 PM
From: BobRealEstate	Read Replies (1) \| Respond to of 29987

For as much as I don't like his management style, BLS is "scary" smart. Taking advantage of a firm's potential short position to obtain equity funding. Yow! I would have never imagined this approach, ever.

To: Michaelth1 who wrote (16997)	9/19/2000 10:43:38 PM
From: dwight martin	Read Replies (1) \| Respond to of 29987

Bear Stearns Cos. (BSC) will buy up to $105 million in Globalstar stock, at a discount to the market price, in a series of tranches at times to be determined by Globalstar. Bear Stearns will then resell the stock, in private placements or in the open market. This is from D-J newswire, via siliconinvestor.com SO LET'S NOT MYSTIFY THE DEAL. Bear Stearns agrees to buy an indefinite number of shares, capped at $105MM. In return for giving GSTRF the right to say "when," Bear gets a discount on the shares.