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

To: Rocket Scientist who wrote (19105)	11/6/2000 6:42:02 PM
From: UncleBeester	Read Replies (1) \| Respond to of 29987

Just received this e-mail from Globalstar: Globalstar Featured on THE FUGITIVE, Friday, Nov. 10 FRIDAY, NOVEMBER 10, 8 PM ET/PT ON CBS TELEVISION "The Fugitive," starring Tim Daly as Dr. Richard Kimble and Mykelti Williamson as Lt. Philip Gerard, will feature Globalstar. The phone is shown in use and is a significant part of the episode's plot. We can't tell you much, but the phone does take a nasty fall off a . . . well, you'll see! Check out globalstarusa.com for photos from the set and www.cbs.com/primetime/fugitive for more information on the show. Mila Fairfax Public Relations Manager Globalstar USA 925 274 4966 925 788 4646 Mobile 925 988 4535 Fax

To: Rocket Scientist who wrote (19105)	11/6/2000 6:56:22 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

The "Venture Partners" bid represents a small bump in price from the Colussy bid endorsed by the debtors: the "estate" is offered 15% (see below) of the new equity (vs 5% in the C bid); and the Purchase Price increases from 25M$ to 27.5M$, of which 7.5M$ is paid at the close (vs 6.5M%); and the remaining 20M$ is "paid on the exercise within twelve months of the Closing Date of the call option in respect of ten percent (10%) of the Equity which shall be granted to the Seller." It's not quite clear whether this 10% is additive to or included in the 15% noted above, nor what the terms of the "call option" are. Also notably absent in the online filing is Schedule 8.3 "Disclosure of Interests." There is also no note of who would operate the system, although General Dynamics has been claimed by VP as interested in doing so.