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

To: Pierre who wrote (21776)	2/2/2001 2:58:44 PM
From: pcstel	Read Replies (1) \| Respond to of 29987

Pierre: <You're willing to bet the farm on a "theory" which may well prove correct. I'm not. I want hard information, not some razzle dazzle corporate control game.> Hardly, the farm, maybe the wagon behind the Tractor! Does this involve RISK.. Sure it does.. Did investing in GSTRF @ $50, $40, $30, $20, $10, $5, $1 also involve risk? Did the sudden realization that Loral/partners were not going to put more money into G* take you by surprise.. Go back and look where the majority of the funding for the year of 2000 came from.. Secondary Offerings, Tranch Sales, Chase Cash Grabs, etc. And when the "Partners" finally showed up with their "cash commitment" it was 56 million dollars.. Bernie stated in Novemeber that he believed that G* had sufficient cash to carry it to a point where it can prove itself viable... Didn't you wonder.. "How is he going to do that?" Well, the answer was.. He was going to stop paying on the Notes!! Which is what he did!! Is this really such a surprise? Now all of a sudden you want answers!! You demand to know what the PLAN of ATTACK is before you risk your "collateral" Seems like you should have been "demanding" those same answers over the last 6 months!! PCSTEL