Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rocket Scientist who wrote (17863)	10/10/2000 6:31:44 PM
From: jerryriti	Read Replies (1) \| Respond to of 29986

Could use help in understanding the financing arrangements. When the BS is notified that a tranche will be put to them, am I error in assuming that they short the stock. I am currently very long in this stock, but feeling hard pressed to understand if that dynamic of BS shoring the stock is a valid assumption! Would appreciate any comments!

To: Rocket Scientist who wrote (17863)	10/10/2000 6:37:35 PM
From: go_globalstar	Respond to of 29986

Thanks everybody. I Needed a pick me up. RS after reviewing your posts about the tranches I have one question. Since these block trades are so big, who's buying all those shares so cheap? Also, am I correct in saying as long as these large tranches continue to trade hands. Somebody is very interested in G. Thanks in advance Go_G

To: Rocket Scientist who wrote (17863)	10/13/2000 6:19:22 PM
From: Rocket Scientist	Respond to of 29986

More Tranche Talk..... Today, we saw the SEC filing for Tranche 7, noticed to BearSterns on 7 Oct for 340K shares. Probably due to Monday's semi-Holiday, it was three trading days after Tranche 6, rather than the usual two. It seems very likely that Tranche 8 was noticed to BS yesterday afternoon in the amount of 430K shares; and that Tranche 9 will be noticed after the close on Monday, October 16, for 450K shares. If we suppose Tranches 7-9 clear an average of 6.5$ per share, G* will have raised 39M$ by middle of next week; at that price, and assuming an average volume per tranche of 550K shares, it will take an additional 19 tranches to fill the BS commitment; the earliest they could finish at that rate would be December 6 (sorry Maurice!).