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

To: Art Bechhoefer who wrote (21190)1/16/2001 6:30:26 PM
From: Rocket Scientist  Read Replies (1) | Respond to of 29987
 
<<Note, the bond prospectus designates a trustee, who goes into action the moment there is a default.>>

That's interesting. Who picks the trustee? Is there one trustee per series of bonds, or are they all lumped as one?

If memory serves, one series of notes has a coupon due next month, but the other two are paid up until June (somebody check this, please)

Is default the day after non-payment or is there an automatic 30 day grace period?

TIA



To: Art Bechhoefer who wrote (21190)1/16/2001 6:41:40 PM
From: Win-Lose-Draw  Respond to of 29987
 
The marketing was bad because...

Ok, so a couple of questions. First, if the marketing folks at G* are that brain-dead, is there really any hope or realistic expectation that will change if by some miracle G* avoids debt-free and non-bankrupt?

Related question is, obviously, anybody buying in at a buck a share?


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