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

To: eikos who wrote (22965)	4/6/2001 1:35:06 PM
From: pcstel	Read Replies (1) \| Respond to of 29986

Eikos: I don't think GLP will declare BK.. I think that the Bondholders will put them in BK.. That statement the other day about paying SS/L and QCOM without paying some kind of "in-kind" payment to the bondholders was the invitation.. I just don't see a scenario where as the Bondholders don't try and stop these payments being made!! In addition.. I almost think that BLS is applying the "scorched earth" principle... By dragging QCOM further into this mess.. I really don't think IJ and company have requested the 40 million dollars.. Because it would cause them much more than 40 million dollars in trouble IMO.. Loral.. now there is a major disappointment. I guess what Valueman says is true.. Don't own anything managed by BLS.. I really think that BLS believed that the airlines would be lining up at the door for IFN.. And I think that was his "Great White Hope".. He kept saying.."I think we will be able to show the light at the end of the tunnel by May".. Well, IFN has in affect folded.. Now mind you that IFN does not necessarily mean High Data Rate access from altitude is dead.. IFN was simply a "content provider".. It was part of the package... Globalstar, Rockwell Inflight Systems, and of course "content" to use on the system.. So it appears that IFN has thrown in the towel on the project. The Airlines want too much control over the content to IFN's liking IMO.. Loral is a very damaged company!! It is in affect... "Fighting for it's very life" IMO.. BLS and the BoD are squarely to blame.. They should all be jailed for "Gross Neglect of Fiduciary Duty." PCSTEL

To: eikos who wrote (22965)	4/6/2001 4:24:29 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 29986

eikos, I'm no longer on vacation! I've been trying deep-breathing meditation instead of 3D impressions of Globalstar, Vodafone, QUALCOMM [during my tour of California] or being mentally ensared in cyberspace. I even wrote a post yesterday, but deleted it. I'm [almost] at a loss for words. In response to a PM, here's what I wrote yesterday. There is an underlying hint of frustration in it...[I've slightly edited it] <My thoughts? Well, thanks for passing that on to me [edit - name deleted]. My main thought is that it remains almost unbelievable how such a great business opportunity was destroyed by the most pathetic marketing I have heard of in my life. It really is the most amazingly absurd and hopeless effort I can think of. My next main thought is that I am amazed that they managed to take me down with them. I am usually quite attuned to muck going on and indeed ranted about the problems years before they actually delivered their hopeless efforts. Why I didn't just accept that they were as hopeless as they appeared to me I will probably remain baffled about. I suppose I thought that even a simpleton could make it work and that they'd get it right when they realized their plans were not working. Q! will make a huge and vast profit from Globalstar. That's some consolation to me because it was Q! who put the brains and the good part into it - they deserve to be rewarded. Loral and Vodafone and the other service providers deserve to burn in hell [edit ... without ice-water of course]. I hope Q! offers them only $200,000 for their gateways and if they don't accept it, Q! tells them to use them for scrap metal. If Vodafone pulls out they're stupid. Globalstar [QUALCOMM] is going to come back at them and take 20 billion minutes a year from Vodafone and other terrestrial providers. Blackstone was a waste of time. The SI crowd could have come up with better plans in a week [or a day]. At 1000th the cost too, I expect. I suppose Q! will simply take over the existing company on condition that the bond holders accept some number of shares in lieu of debt. Otherwise, I expect Q! will say to them that they will buy the constellation for $10 million in a liquidation - the debt holders will have to accept that offer. It is all simply the most absurd shambles I will be involved with in my life.> Well, that's all the rant I can muster right now. Mqurice