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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (27931)1/26/2003 9:42:43 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 74559
 
its a sad biotech in satellite form

a dead money bet with a distant pay out if you're lucky

come back from the zen world and contribute to the community dude. bear market soldiers will find your ass anyway, whether you like it or not



To: LLCF who wrote (27931)1/26/2003 11:05:58 PM
From: Maurice Winn  Read Replies (1) | Respond to of 74559
 
Damn, I wrote a post then did a spastic click and lost it all. It's such a pain rewriting.

Globalstar Telecommunications Limited, Subject 17382 which is the only thing you can buy, unless you make a bid for Globalstar LP in bankruptcy court, has zero value, though it's currently traded at 7c or so. You can buy the Senior Notes debt owed by Globalstar LP for 7c at present. Quotes available at debttraders.com Symbols GSTR04USR1, GSTR04USR2, GSTR04USR3, GSTR04USR1, GSTR05USR1

I don't own any of it. I consider it all too risky for what I know - it's in bankruptcy process with no visibility on outcome.

Mqurice