TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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

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To: Jim Bishop who wrote (85812)	6/3/2001 6:07:24 PM
From: Michael L. Bland	Read Replies (1) of 150070

Jim, Look at Global Telesystems, Inc.(symbol GTS)a leader in broadband IP and optical networking in Europe,present stock price is .38. The 52 week high was 14.87 and the low was .33. Management is entering negotiations next week with bondholders to swap debt for equity in the company. Short interest is starting to cover, 6 mil shares in last 30 day report,but there is still as of last report 22 mil shares short. There is talk of a short squeeze occurring starting Monday. I know,we've all heard about short squeezes before and most turn out to be nothing but hype. But,I think this one deserves a close look. GTS trades on the New York exchange. Trading was halted Friday pending dissemination of a company news release,but will open Monday morning. If a squeeze does occur this thing could go wild. Mind you I didn't buy GTS to play a squeeze. I bought some time ago because of it's future potential as a long term play on European broadband. Mike

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