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

To: eikos who wrote (22923)	4/4/2001 1:45:29 PM
From: pcstel	Read Replies (3) \| Respond to of 29987

eikos: "The bondholders already have agreed to these steps necessary to ensure survival of the system." Bondholders are not interested in "The survival of the system".. They are not equity investors!! They want their Cash.. Or at least some form of "In-Kind Payment".. The Bondholders are not going sit by and let BLS and G* pay off liabilites to themselves (the partners) at their expense (bond payments).. The Bondholders would want something in exchange for their patience.. Equity, Postage Stamps, Globalstar Pens, etc.. BLS offers nothing in exchange!! Except a "Poke in the Eye" as WLD explained.. It's an invitation for the Bondholders to file against them, to prevent them from making the payment to LOR/QCOM.. IMO PCSTEL

To: eikos who wrote (22923)	4/4/2001 1:53:34 PM
From: Pierre	Read Replies (1) \| Respond to of 29987

Rumor on the RB thread that BLS is already out as CEO of G. The death of IFN makes me wonder what near term volume customers may be in the wings to justify further injection of cash from anybody in this venture. I can't think of a single positive spin wrt cash payments to Q and LOR. Even assuming a prepack including a cash infusion from a potential user (Newcorp?), why add to hardware overhead for the system as it is currently configured? My flabber is utterly and completely gasted. Ouch. Pierre