SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?


To: Joe Brown who wrote (5111)1/7/1999 8:26:00 PM
From: Snake  Read Replies (1) | Respond to of 10852
 
Globalstar Telecommunications, Inc. (GSTRF to you and me)is issuing the convertible preferred stock. They will purchase from the partnership more units. All funds that GSTRF receives are invested in Globalstar L.P. directly and Globalstar L.P. will issue more units. GSTRF will own more of the partnership than 36% after all is said and done. This is not a case where GSTRF is purchasing units from another partner.