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

To: Rocket Scientist who wrote (17693)	10/6/2000 6:26:23 PM
From: Pierre	Respond to of 29987

RS, I like that analysis particularly because it answers a previously open question - why were the packages put together in those particular amounts? Surely the numbers weren't picked from thin air. I never would have made the connection, but there it is. It still leaves me wondering about the pressure to sell the tranches at this (apparent) accelerated pace. Pierre

To: Rocket Scientist who wrote (17693)	10/6/2000 6:51:48 PM
From: elena_murooni	Respond to of 29987

I have just spent an exhaustive hour looking through the Yahoo posts of this past week... I read an Investor Relations response regarding the treatment of the $105M (less fees) B/Stearns deal... the writer was asking if the monies could be counted as 'income' with regard to the BofA agreement. The response was that it could be counted. The post looked legitimate, & I therefore tried to find it for you. The question was absolutely on target... It might benefit you to address IR yourself with the same question and, hopefully, you will get the same answer. With eyes crossed, I had to stop my search.

To: Rocket Scientist who wrote (17693)	10/6/2000 7:20:00 PM
From: pcstel	Read Replies (2) \| Respond to of 29987

RS.. Knowing BLS.. I would not doubt your thesis. But given your theory that the 100 million Bear S. and the 56 million partner equity would satisfy the covenant;s as "Revenue".. Then why wouldn't the June 250 million drawn/defaulted loan from Chase be considered as revenue.. Then we wouldn't even need the Bear S. deal.. Let alone the "attitude" in which it is being executed.. Heck, you would think the world was going to end next week or something! PCSTEL

To: Rocket Scientist who wrote (17693)	10/7/2000 3:58:23 PM
From: elena_murooni	Read Replies (1) \| Respond to of 29987

I am still searching the boards for the doggone post I read...(now, I'm not sure if it was TMF, Clearstation, or Yahoo. Definately not RB). But, in today's search, I did find this post (related only in that it helps disclose 'what counts') It's from Yahoo. If I don't post back, I have failed to find the post I was looking for. by: fasttimesgrad 9/29/00 1:27 pm Msg: 78720 of 81147 From Loral/G* Investor Relations Last night I e-mailed IR and asked: "Could you please advise whether the $49 million in gateway revenues described in the recent prospectus counts as 'revenue' under the March 31, 2001 bank covenants? (i.e., if Globalstar has to show $100 million in revenues, does mean (sic) it's already halfway there?)." Their careful but I think positive response: "Thanks for your question. Any royalties that Globalstar receives, either from handset sales or from gateways, are considered revenue and do count towards the company's $500M credit agreement covenant requiring $100M in rev for the 12 months ending March 31, 2000. Loral / Globalstar Investor Relations." I'd post it, but I'm a lousy cut-and-paste artist and it has my real name, e-mail and URL's all over it. The obvious follow-up question, which I'll leave to one of you guys, is "is the $49 million considered 'gateway royalties,' or reimbursement of expenses.?" I'm referrring to fn. 1 on page 11 of the 9/26/00 prospectus. Ridgemont