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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 60.85-9.6%Jan 7 3:59 PM EST

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To: Beefeater who wrote (1364)6/18/1998 2:37:00 PM
From: Snake   of 29987
 
My understanding is that the rumor was started this morning, and it was stated that Bernard Schwartz has said this. It was categorically denied that this was the case from someone at the conference, as well as by Loral and G*.

It probably did the job that the person who stated the rumor wanted---it dropped the price.
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