Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 63.60

+6.2%

11:05 AM EST

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To: Tahoetech who wrote (25252)	9/26/2002 3:02:57 PM
From: Maurice Winn	Read Replies (1) of 29987

What is "insider trading"? <>>I was told by my supervisor that Navarro is telling people he knows to get out of G. My supervisor says that something (BK) is happening this month. People around here at SS/L are dumping G. << > I don't recall a public announcement that Globalstar's share price was over-valued, which is what such a private warning would suggest. Perhaps it wasn't true that such a warning was given. Maybe somebody thought somebody said that their friend had heard that Tony had told somebody to sell their shares but really he'd told his wife to sell some shears in a garage sale. Incidentally, it's Navarra, not Navarro. Meanwhile, at 17c and with the current announcement, somebody is buying something which is worth zero. I wonder if they have read the bankruptcy report saying that 97% goes to creditors and 3% to Loral and that is 100% and that leaves 0% for current shareholders. Maybe I should short Globalstar at 17c if that's possible. Mqurice

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