Jack:
As I said before, I did not want to own G* again until issues with the Soyuz launch and financing were cleared up. The stock went to 22 without these issues being addressed. Here we sit in December without any information on the next launch because our beloved State Department won't give us the go ahead. Without that, financing is an unknown. Would Loral cough up the cash? If they had to, I am sure they would. That would not go over well with shareholders regardless of the spin put on it. It would be easier to swallow if a number of the partners kicked in cash to be repaid when service started. That would show a commitment from Airtouch, Vodaphone, Alcatel, France Telecom, etc. that they were indeed interested in G*'s future. This is a moot point though if we can't launch. If the State Department drags their feet for months, we are screwed. |
