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

To: Tahoetech who wrote (19120)	11/7/2000 9:53:13 AM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

I agree, >>"will advance an additional $500 million shortly in relation to a bank loan it had guaranteed." << does not mean new money for G. It just means that Loral will hold the G loan, instead of the bank, and, presumably, not force G* into bankruptcy if loan covenants and repayment schedules need to be slipped to the right. Since Loral can't hand 500M$ over to the banks, I assume it's working on replacement financing for this amount....and that's consistent with what BLS said in a recent cc.