GST Telecom (GSTX) 4th quarter earning Message Board

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Technology Stocks : GST Telecom (GSTX) 4th quarter earning

GSTX 0.000300

0.0%

Oct 31 9:30 AM EST

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To: Susan Saline who wrote (359)	8/28/2000 8:39:09 AM
From: Rob Preuss	of 369

Shareholders Lose 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. ============ Full article: columbian.com

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