Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 66.72

+7.0%

Dec 22 3:59 PM EST

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To: djane who wrote (4568)	5/13/1999 10:50:00 AM
From: Goodboy	Read Replies (1) of 29987

Just got another beauty on the wire. Form 4 SEC from 4/27/99 - 4/28/99 Stiano Edward F. sold 74,900 shares at $14.86 - $15.33. These sales came within days of his departure from Irdium. Ed is not a great trader either. He bought (the foolish bulls have used this as proff the Ed was commited) 25,000 shares at $20.75 on 3/8/99. What do you think Ed knows about the Iridium structure and its near term fate? He should have been as smart as the guy who put this thing together and sold all his stock near $30 (that would be the departed CFO) as he told the street all was well. It amazes me that people continue to cling.

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