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

To: pcstel who wrote (20642)	12/28/2000 8:39:34 PM
From: Art Bechhoefer	Respond to of 29987

PCSTEL, if it's true that the bondholders have no claim on any assets of value, then they must have a claim on the bond trustee, who is appointed to look out for the assets. I'm going to look at the bond prospectus, but if what you say is true, then the offering could have been fraudulent. Art

To: pcstel who wrote (20642)	12/29/2000 1:58:55 AM
From: Tahoetech	Read Replies (1) \| Respond to of 29987

pcstel... are you (or anyone else on this board) familiar with UMTS? if so, when do you see it being deployed in Europe?

To: pcstel who wrote (20642)	12/29/2000 5:45:19 AM
From: Selectric II	Respond to of 29987

The flip side of the coin is that the gateways have ZERO value without the space segment. Are the SP's willing to write it all off just to prove a point?

To: pcstel who wrote (20642)	12/29/2000 7:30:05 AM
From: rhkohnen	Read Replies (1) \| Respond to of 29987

From what I understand, the regulatory licenses are a use it or lose it proposition in North America. If the regulatory commission believes that a SP can not use the spectrum, they have 30 days to demonstrate or convince the regulatory commission that they can otherwise the spectrum goes back onto the marketplace. G* and some others just recently did this with their Sept. US renewal. Without the constellation, G* could contest the license and the SPs would have to respond. Since all of the paper work has been done, G* could seize the license from the SPs if they have a gateway for that territory. The point is that these licenses are not captive. Best Regards Bob PS: BTW, I like your Mr. bondholder scenario. I just feel that it is a last resort card that BS has, as oppose to a primary strategy. If it is not done right, you could disinfranchise the lending community from not only G* but also LOR.