Globalstar Inc (GSAT)

[ohi]

signed an agreement with Terrapin Opportunities, L.P.
Because of the tremendous amount of debt and GSAT's inability to pay it off, they recently announced that they will need to increase the number of authorized shares, which could be a sign that their stockholders are in for quite a lot of dilution. That said, this won't be the a first for them.

As we mentioned in the previous article that we wrote on GSAT, they recently signed an agreement with Terrapin Opportunities, L.P. according to which, GSAT can issue up to $30 million worth of shares whenever Terrapin deem it necessary. That could mean that there is quite a lot of stock waiting to see the light of day in the very near future.