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

To: KyrosL who wrote (19158)	11/8/2000 1:41:34 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

Can we appoint you to form a bondholders committee, KyrosL? As a holder of (mostly) Loral equity, and a little G, I think it's a reasonable way out of a bad situation. What would be the market cap of a debt free G, with cash on hand sufficient for six+ quarters of operation? Methinks it would justify a stock price several times higher than the present one, even assuming the ownership is diluted by 5:1 as you suggest.

To: KyrosL who wrote (19158)	11/8/2000 1:59:43 PM
From: Rocket Scientist	Read Replies (2) \| Respond to of 29987

One small improvement to your plan, KyrosL: Instead of an outside investor swooping up 26% of the company for 260M$, give each s/h the right to buy an additional share for 1$. That would raise 300M$+, and be less dilutive to the s/h. The rights would be tradeable, for those who couldn't pony up an additional investment. IMO, G* with 300M$ new cash and no debt should have a market cap of well over 10B$, or 7+ dollars per newly diluted share. Not a great outcome for long term holders, and not one managment should be proud of, but better than many easily foreseen alternatives.