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

To: S100 who wrote (21231)	1/17/2001 2:48:42 PM
From: pcstel	Read Replies (3) \| Respond to of 29987

<Kaufman says courts could be asked to decide whether Globalstar is a separate entity from Loral. "Creditors will say that they thought they were lending to Loral because Schwartz was head of both companies," he said. "They could claim fraudulent conveyance." LOL!! Yeah.. There is a whole bunch of posters over on the Yahoo board that are claiming "fraudulent conveyance".. Oh!! I thought I owned LORAL?? Let's see. I bought some bonds that were issued by GLOBALSTAR LP. A BERMUDA CORP. Gee.. You mean those really are not issued and guaranteed by Loral? Hey, I didn't read the "BIG PRINT" that said Globalstar on the issue!! That's it.. I lost money, and now I am going to find someone to pay for MY MISTAKE!! Well call it.. "fraudulent conveyance".. Yeah!!! That sounds good!! Of course we could also call it.. "I wanted a return better than a Bank CD, but now realize that I really was not prepared to take the risk involved to achieve it!!!" aka "Investor Stupidity".. LOL!! PCSTEL