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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 59.00+0.6%3:59 PM EST
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To: Maurice Winn who wrote (21239)1/18/2001 3:51:23 PM
From: Rono  Read Replies (1) of 29987
 
Maurice,

You are right, Nextwave didn't claim ignorance, but they sure as heck demonstrated a lack of knowledge and intelligence regarding the risks of playing a high stakes game of poker. Those games are better suited for folks with bigger wallets, a better understanding of the rules, and sometimes a card or two up their sleeve. They had none of the above, and blamed their failure on everybody but themselves. Their story reminds me of what the character Nicky from the movie Casino said......... "and in the end, we f*cked it all up".

I should have known better than to open this can of worms, but the fraudulent conveyance scheme mentioned here wrt G* hit my hot button. I'm better now.

Ron
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