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

To: John Cuthbertson who wrote (20904)1/4/2001 5:35:03 PM
From: John Cuthbertson  Read Replies (1) | Respond to of 29987
 
Globalstar's bonds, which had plunged in early December, have been steadily rising recently. For the longest maturity bond, the price (bid) has gone from 8.75 on Dec. 14th to 12.25 yesterday, a 40% increase. This happened while the GSTRF shares were declining from over $2 to under $1. Perhaps this is some convergence of the opinion of Globalstar's prospects between the bond and stock markets?

==John C.


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