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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (63450)9/14/2000 8:35:09 PM
From: Ronald de Castro  Read Replies (1) of 150070
 
hey jim,
GSTXQ...looks interesting.
I'm a little bit confused though. are you rooting for the sale w/ Time Warner NOT to go through?

this was from the press release:
GST's stockholders, however, will be left in the cold if the sale goes through.
...
The $690 million agreement covers only a portion of GST's total $1.2 billion debt. First in line to be paid are a host of telecom infrastructure suppliers and several lenders. As prescribed by bankruptcy law GST shareholders will lose their investment in the company if the sale goes through. Some shareholders have discussed filing a class-action suit against GST, but attorneys say they would be unlikely to get any return from the bankrupt company even if they won.


will it or can it survive as a stand alone company?
what do you look for?
Thanks!
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