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

To: Geoff Goodfellow who wrote (3523)3/21/1999 12:33:00 PM
From: Sawtooth  Respond to of 29987
 
<<.....as Iridium meets its bankers to discuss a possible breach of its banking covenants, the Financial Times reported, citing Motorola President Bob Growney. Growney said, ''There is no chance of Iridium going under,'' adding that he was confident that a deal could still be reached.>>

I'll bet holders of IRID common would rather have heard that "There is no chance" of their equity being eliminated in a restructure.

Thanks for the article.


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