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

To: Clarksterh who wrote (4826)	5/21/1999 1:29:00 PM
From: John Stichnoth	Read Replies (1) \| Respond to of 29987

Haven't seen anyone mention--The 10Q is now available on Edgar-- edgar-online.com (Yikes! There's a link!) Reiterates such items as "positive cash flow" will be achieved in 3Q2000. Counting up the number of shares: 82.0 MM issued and outstanding 15.1 MM potential from convertible preferred 6.2 MM options and warrants ----- 103.3 MM Expected shares outstanding. And, because of ownership by GTL (that's us) of Globalstar (that's the limited partnership) of preferred stock issued by Globalstar, net of dilution effect of converts and options/warrants, "We" get about 34 percent of the limited partnership's net income (with certain payments made by the partnership to GTL as general partner). Am I reading that right?