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Iridium Communications Inc. Message Board

  • pcstel pcstel Mar 23, 2013 10:14 AM Flag

    SpaceNews-Globalstar, Iridium Chiefs Exchange Jabs

    To which Desch replied: “If you need the money, I can get it to you. I understand you need the money.”

    LOL, Last time I checked.. Monroe was worth several 100 Million Dollars, while Desch can't seem to afford decent "dog food".

    And so it goes,
    PCSTEL

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    • Maybe. But he hasn't had to sign any forebearance agreements lately either.

      • 1 Reply to knox046
      • "To which Desch replied: “If you need the money, I can get it to you. I understand you need the money."

        LOL! Keep your $1,000 Mr. Desch

        "The Monroe-owned Thermo group, which has been Globalstar’s principal financier in recent years, has again come to Globalstar’s aid with an initial $25 million in equity as part of the exchange of the 5.75 percent notes and an additional $60 million as part of the Coface debt rescheduling."

        I mean really, you got a guy that can't afford decent "dog food" telling Jay Monroe.. "“If you need the money, I can get it to you. I understand you need the money."

        And so it goes,
        PCSTEL

 
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