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

To: Rocket Scientist who wrote (21982)	2/14/2001 4:37:38 PM
From: thomas-archer	Respond to of 29986

Rock, I think that is a winning trade, buying the debt at 8.5 cents on the dollar. The only thing better would be to be long that debt and short the common in here. If you can go long at 8.5 cents that values all the debt at 3.0 billion times .085 or $255 million, whereas the equity for some unknown reason trades at a market value of $262 million. imho there is no way on God's wonderfully green earth that Blackstone will spliut the enterprise 50-50-se l'absurd. Thus one of the pieces is priced very inefficiently, my guess is you are more right but a commoner still has a lot of downside % wise that is. Personally I'll buy a boatload of G* at $50 million dollars or a tad north of an 1/8th. The bond stuff is just too much a pain in the derrier.

To: Rocket Scientist who wrote (21982)	2/14/2001 6:32:06 PM
From: Tahoetech	Read Replies (1) \| Respond to of 29986

>>>...so that I can be one of the three vaunted all-powerful bondholders capable of putting the company in bk when I don't receive the coupon due tomorrow. If any of you want to stop me from taking this drastic action, PM me with your best offer to buy them back....minimum bids start at $.50 (just kidding!)<<< RS, in all the years I have been reading your posts I do believe this is the first time I have detected any signs of a (humorous) personality...I always just considered you a walking reference library (AND a very credible one at that)...kinda of like DATA on Star Trek...