Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 64.34

+7.4%

Nov 12 3:59 PM EST

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To: Tahoetech who wrote (25255)	9/27/2002 12:43:17 AM
From: crm114	Read Replies (1) of 29987

The bottom-fishing class action lawyers who are filing their standard boilerplate tech stock securities fraud cases against Globalstar and its mismanagers are right to be concerned about the breadth of the indemnification of Loral. But it may be moot. I don't think the creditors committee will agree in the next iteration of the plan to indemnification of Loral, or if they do, it will be at a cost much higher than 25%. I'm just guessing -- I have no nonpublic info. Anybody got any records of phone calls between BS and Martha Stewart? I hate to see ambitious prosecutors miss such a target. CRM

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