Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: pcstel who wrote (20715)	1/1/2001 6:50:00 PM
From: pcstel	Read Replies (1) \| Respond to of 29987

Pierre: The other thing you should consider is.. IT IS GOOD THAT THE SYSTEM HAS NO VALUE TO ANYONE OTHER THAN THE ORIGINAL PARTNERS.. IT HAS NO VALUE TO THE BONDHOLDERS!! The Bondholders of Iridium found that out!! They got nothing!! So either the bondholders will have to play the game.. Or BLS can throw them the keys to the constellation and say!!! Here you go boys.. Good Luck!! I don't think you will find too many Bondholders that really want the keys!! The CDMA license for use on Globalstar would be a real problem in my mind.. Remember, the license is not an asset of GLP.. GLP did not pay anything for the license.. The license was "Granted" to GLP.. Therefore it is not an asset that a judge could order to be transfered to the new owner.. IMO There are just too many problems to overcome for a new owner.. Without the expressed aid of Q/L. PCSTEL