Globalstar Inc (GSAT)

[236T568]

actually, wrong yet again

I very specifically copied the WHOLE paragraph pertaining to the use of proceeds.

and here it is again for you, yep the whole paragraph


https://ih.advfn.com/p.php?pid=nmona&article=75843026&symbol=GSAT

"This offering was made to satisfy a requirement relating to the June 2017 credit agreement amendment. As required by the credit agreement with its senior lenders (the “Facility Agreement”), Globalstar intends to deposit 80% of the net proceeds from the offering in a restricted account for the benefit of the lenders under the Facility Agreement. The proceeds held in the restricted account are expected to be drawn to pay principal and interest due under the Facility Agreement in December 2017 and June 2018. Globalstar expects that the remainder of the proceeds will be used for general corporate purposes."

You selectively used only parts of a paragraph therefore altering the whole statement which in turn makes it not all factual does it.