Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Drew Williams who wrote (23193)	5/7/2001 1:23:23 PM
From: Jon Koplik	Respond to of 29986

Re: "more questions" - stay tuned for the exciting conclusion ... Jon.

To: Drew Williams who wrote (23193)	5/7/2001 1:31:35 PM
From: Jeff Vayda	Read Replies (2) \| Respond to of 29986

I would think that there were any number of scenarios which Blackstone proposed. This is one of them and one which was first 'outted'. The Q offers $250 million in new money... on condition the Globalstar wipe out its debts by filing for bankruptcy... (which would erase) Qualcomm's announced total exposure to Globalstar, including receivables, inventory and other assets, of $610 million. So Q is willing to take a approx 75 % hit in total costs ( 610 + 250 to get back to 250). Sounds ok with me, I'll take that over the 100-1 reduction some have been talking about the 'common' suffering. I maintain, until shown otherwise, that we 'commons' should be equal parties in the 'reductions'. Call me a knucklehead, but I can not get past the fraudulent concept of pretending to act on one's behalf yesterday, only to turn around and claim otherwise today. (We can make a go of it - i.e. return money to investors, whether it is a company or a bondholder - only after removing all the investors we told that to yesterday.) Jeff Vayda