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

To: Valueman who wrote (5062)	6/5/1999 12:43:00 PM
From: Rocket Scientist	Respond to of 29987

Hi Valueman, Well, It's June 5, do we know when G* will announce it's financing plans? Last report was they needed 600M$ through start of service; I don't remember hearing how much more before +cash flow. I'm guessing they need a total of 800M to 1000M. Personally, I'd like to see them get all of it now and have a cushion...not get caught short like Ir apparently did and have to sign up to onerous terms w/ lenders. So, they need 3-4$/share. I'm ready to subscribe! I think G* should do a rights offering, rather than going for more debt, even if ICO's offering hasn't gone too well. G* is almost ready to go, but it already has a lot of debt. Let the equity holders pitch in. Maurice and I will pick up any rights left on the table (g). Have a good weekend, RS