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

To: Jim Parkinson who wrote (19353)	11/17/2000 7:43:19 PM
From: Rocket Scientist	Respond to of 29987

<<It puts Lor in the driver's seat instead of BofA. I'll take Lor. >> Sure, I agree w/ this, especially since I mostly hold Loral. Formally, I assume all the obligations/covenants that G* previously owed to the banks, it now owes to Loral, including repayment terms. Some 13M$ is due 1/15/01 (10% of the 100M$ Term Loan A plus 3M$ paid against Term Loan B). Another 10M$ is due 3/31/01 against the Term Loan A. On the one hand BLS will be under pressure from his Loral shareholders to collect on these obligations; on the other, it gives him a lot of leverage over the other G* stakeholders. It will be interesting to see what terms Loral got under the new 500M$ financing.

To: Jim Parkinson who wrote (19353)	11/19/2000 9:32:26 PM
From: Pierre	Read Replies (2) \| Respond to of 29987

Jim, I ran across this on the RB thread. Seems Verizon's position (if post is accurate) is a little more sinister than simple neglect. Does lend some credence to the speculation that Verizon views G* more as a competitor than a value added product. Wondering if your sources can confirm the apparent rift between GUSA and Verizon? I've emailed the attached post, and several others I've gathered, to G* sales and G* IR, adding my own personal less than satisfactory experience with local Verizon outlets. Pierre ___________________________________________________ By: bla392 $$ Reply To: None Friday, 17 Nov 2000 at 5:45 PM EST Post # of 20264 Try this on for size. I went to see my local G* dealer LISTED ON THE G* WEBSITE for N.C. I had spoken to him about G* twice in the past 3 months and he was enthusiastic and well informed. Well today I finally met with him and his partner today. I was stunned. So far he has sold one phone. But more importantly, to get his Verizon dealer status he had to stop advertising G* products!!!! The G* rep went to see him a few days ago and was outraged. Apparently in some of the Verizon stores(not all owned by Vodophone?) their lawyers(per the dealer) are enforcing this restriction. The dealer said the G* rep was going to raise #### about this. The dealer couldn't understand why they believe his selling G* is a conflict of interest. He still believes in G* and will sell their products but only if someone asks for them. He showed me the Q* phone. He said he only sold one despite 2 mos. of newspaper ads because the price was too steep. Tis all true. Talk about an uphill battle.