Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 63.25

-0.8%

Dec 24 12:59 PM EST

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To: limtex who wrote (1356)	6/18/1998 2:33:00 PM
From: Beefeater	Read Replies (3) of 29987

Just answering your question possibly puts me in the group of destructive rumor mongerers, but I'll pass on what I've heard, with the disclaimer that I have no knowledge of the validity of the story and I suspect that it's being passed around by short sellers and bargain hunters. The rumor is that GSTRF service will be delayed until June 1999 due to holdups in handset production. This rumor has gotten back to the company's PR people, who have denied the story in response to the caller. Nothing public has been issued. Asking anyone: would it have been better to keep this unsubstantiated story to myself? Beefeater

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