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To: bananawind who wrote (10237)4/24/1998 11:24:00 AM
From: brian h  Respond to of 152472
 
JF,

It is indeed a complicated capital structure among Globalstar LLP partners and GSTRF.

The original partnership agreement called for a restriction of public sale of Globalstar LLP interests until the launch of Globalstar system if I remember correctly.

The partnership interests are $100 each. This equates to $50 per share of GSTRF.

We got Mr.Shwartz formulates a great deal for everyone while taking every advantage of it. He is the man.

Brian H.