Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 64.36

+1.0%

3:59 PM EST

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To: Maurice Winn who started this subject	1/16/2001 10:14:32 AM
From: foundation	Read Replies (1) of 29987

09:56 ET Globalstar Telecom (GSTRF) 1 3/32 -13/16 (-42.7%): -- Update -- CE Unterberg expects company to voluntarily enter into Chapter 11 proceedings within a month or two; believes that present Globalstar equity is of little value. ---------- Why will G enter chapter 11 as they announce that they will now have capital to continue operations into 2002? "It said the suspension of payments would give it sufficient cash to fund its operations into the year 2002. dailynews.yahoo.com The only parties that can now push G into Ch. 11 are L and Q.... CE Unterberg speculation seems ill conceived...

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