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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 64.98-0.9%3:59 PM EST

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To: Rocket Scientist who wrote (22564)3/16/2001 9:39:57 PM
From: pcstel  Read Replies (1) of 29987
 
RS.. "The complaint charges that the Company, its Chairman and Loral Space & Communications Ltd., Globalstar's controlling shareholder, violated the federal securities laws by providing materially false and misleading information about the Company's financial condition and future growth potential, and as a result of these false and misleading statements the Company's stock traded at artificially inflated prices during the class period."

The Company's stock traded at artificially inflated prices during the class period
LOL!! EVERY companies stock traded at artificially inflated prices during the class period..

The complaint charges that the Company, its Chairman and Loral Space & Communications Ltd., Globalstar's controlling shareholder, violated the federal securities laws by providing materially false and misleading information about the Company's financial condition and future growth potential,

I think they should be naming George Gilder in these allegations...

PCSTEL
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