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

To: pcstel who wrote (25499)	4/5/2003 11:36:18 AM
From: Steven Rachbach	Read Replies (2) \| Respond to of 29986

Re bond opinion: All I can say is that in my brokerage account, the price had been in the 6 range for a few weeks and today it is listed at 2.5. FWIW, Steve

To: pcstel who wrote (25499)	4/13/2003 4:44:01 PM
From: Art Bechhoefer	Respond to of 29986

In any reorganization, the bondholders stand ahead of the stockholders. The new company cannot issue stock to the stockholders without first dealing with the bondholders. My estimate of 15 to 20 cents on the dollar for bondholders is based on the value of approximately 48 satellites still in orbit and functioning. That's value, and the bondholders get a claim on it before ANY shareholders. I'd say that if the bonds are going at somewhere around 50 cents to $1.50 (per $100 face value), that's too low. On the other hand, even if the price looks like a great bargain, a reorganization would allow for replacement of the bonds with some type of equity, such as preferred stock. It might be years before such preferred stock were able to pay a dividend. So even if what looks like a bargain is a bargain, it is only going to be a very long term bargain. But if you have cash burning a hole in your pocket and don't mind waiting . . . . Art

To: pcstel who wrote (25499)	4/28/2003 6:21:22 AM
From: Maurice Winn	Respond to of 29986

PCS, note DeWALT yellow dewalt.com Globalstar phone by QUALCOMM. globalstar.com Also, thanks for the denouement link. It was a very long time coming and now ICO is our friend. How life changes. Cut and paste this link to a new browser for details geocities.com Thanks for that service PCS. With ICO's proposed 10,000 km orbits and Globalstar's LEO, Globalstar could provide total coverage and fill in and constellation holes. ico.com <...The ICO space segment is projected to consist of satellites operating in medium Earth orbit (MEO) at an altitude of 10,390km (6,400 miles). ICO's satellites are designed to use a bent-pipe architecture, a configuration where the satellites act like mirrors to reflect signals between the user equipment and the ground station. In a bent-pipe system the satellite is used to relay communication between the end-user equipment and a ground station that is part of the terrestrial infrastructure. The terrestrial infrastructure, rather than satellite-to-satellite communications links, provides the connection to the destination network or end-user. > Nicely compatible with Globalstar. Note, coverage now includes Iraq. Big sign on the front page: globalstar.com Click on the map to see global coverage! It's very impressive now. I can confirm that I get pretty good coverage in New Zealand with a clear view to the western sky, where the satellites over the Tasman connect me to Dubbo's gateway. I've got an Ericsson handset on loan from Globalstar Australia Pty Ltd. There is some intermittent coverage, but I'm pleasantly surprised how much there is. I'm puzzled about why QUALCOMM didn't buy the whole thing for such a low price. They have a lot to gain by making it succeed the way it should have done from the beginning. Why do you think they didn't buy it? They could have bought the whole thing for much less than they spent on buying QCOM at $34 [now $31]. Mqurice