saud ibn abdulaziz

Telecom IPO: Globalstar Files an S-1 (GLOB)

Please compare Globalstar with Motorola's Iridium. What active planning to avoid "bankruptcy". $4 billion invested yet less than three years later, belly-up. Reportedly $25 million paid and accepted by creditors. Still in operation today after bankruptcy.
Please email if you have info about strategies and structure to avert bk. thank you. Saud Satellite Phone(tm)(c) in planning/R&D feasibility.