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

To: Maurice Winn who wrote (526)	3/20/1998 4:58:00 PM
From: I. Luttichuys	Respond to of 29987

DAMN! I'M WRONG AGAIN! Well, it's coming soon enough I suppose. An interesting article comparing IRIDF and GSTRF in yesterday's IBD. Short but interesting. Seems that usually, from a numbers perspective, the analysts feel G* is the winner. BENNETT

To: Maurice Winn who wrote (526)	4/12/1998 6:17:00 PM
From: I. Luttichuys	Read Replies (2) \| Respond to of 29987

Maurice, There seems to be some confusion about the exact relationship between Globalstar Telecommunications Limited and Globalstar LP. The release on the increase in the number of shares applies to both. One is essentially a holding company which holds only the stock of the other as you pointed out when you started the thread. The holders of the public common stock (us) hold 1 share of the holding company for each common we own. Everything that goes to the holding company, goes to us on a 1:1 basis. My understanding is that there is no real dilution to us. There is no real practical difference between the two so there is no danger of "picking the wrong one." A friend of mine whose family is close to these people inquired of GSTRF management this weekend. This is what they said. There's nothing hidden or tricky about it as sometimes one sees suggested on the threads. Anyhow, I didn't speak to them myself, so I hope I haven't misrepresented at all what was said. There are 200,000,000 shares of GSTRF authorized at the moment. The 33 million you are talking about are shares actually outstanding. Of these, about 18 million are closely held. The total number of LP shares authorized (and therefore GSTRF shares) are going to be increased to 600,000,000 shares and, a split is going to be announced at, or following the shareholder's meeting. :o) BENNETT