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

To: brian h who wrote (182)	12/18/1997 1:33:00 PM
From: Larry L	Respond to of 29986

Brian H.: Where did you ever get the idea that financing for I* is far from complete? They have had this area nailed down for several months. Iridium will have a complete system by April of 1998. They have already proven through hundreds of tests that it will work. The only reason they will not be in service until September of 1998 is to test every minute detail of the system to avoid customer satisfaction. G* on the other hand will open for business before they have all of their satellites up, let alone extensively tested. This could be a disaster. I hear a lot of praise for the great demi-god Bernie Schwartz. I certainly do not disagree that he is an outstanding businessman. However, he is 71 years old. What happens if he retires or becomes ill or worse?