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


To: Jon Koplik who wrote (21158)1/16/2001 12:50:37 PM
From: who cares?  Respond to of 29987
 
short the G* debt, if you really believe what you say.
Why do that when there's still plenty of fish paying up for the stock? That's like saying, pick up that quarter instead of that hundred dollar bill.
Didn't you hear Haines on CNBC this morning? Debt is ten cents on the dollar. Debt holders have to get 100 cents on the dollar before equity holders ever see dime one. This in a bankruptcy of course, which all the world(outside this message board) has known was coming for many moons.
If it makes you feel better I am quite upset with myself for not smacking this thing harder over $2. Oh well, win some, win some more.
CMB



To: Jon Koplik who wrote (21158)1/16/2001 12:51:29 PM
From: Labrador  Respond to of 29987
 
Jon, it's time to stop paying your GSTRF phone bill -- they'll never come after you.

[jesting of course. I know that you don't pay them for service but rather a reseller.]



To: Jon Koplik who wrote (21158)1/16/2001 2:29:05 PM
From: Rocket Scientist  Respond to of 29987
 
Is it correct the next coupon isn't due until 2/15? Is a 30 day grace period automatic, or would b/h have the right to force bk immediately after the coupon is missed?

I assume that a b/h has no right to file for bk until 2/15 at the earliest in any event... is that correct?

I'm interested in the calendar of events relative to the "six weeks" or so within which the "Blackstone Plan" is scheduled to be prepared.