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

To: Pierre who wrote (20717)	1/1/2001 9:26:37 PM
From: pcstel	Respond to of 29987

<<That kind of takes us back to where we started - and is at the crux of our differing perspectives. From my perspective the value of G* as an entity operating at capacity, and the risk to each partner of being squeezed out of that value, is what makes BK unlikely and the addition of capital from existing partners or a new partner more likely.>> Differing Perspectives?? Since When?? I have been the one saying that BLS will be able to cut a deal with the bondholders, which would avert Bankruptcy, and give the Company another 2 years of runway!! And the reason that he will be able to cut this deal is because the bond holders know.. The assets of Globalstar LP have ARE VALUELESS IN BANKRUPTCY!! Iridium proved it!! And the Iridium bondholders got NADA!!! So my conjecture is that the Globalstar Bondholders really have no choice but to cut a deal.. Unless they want to lose everything!!!! PCSTEL