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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (12208)	5/6/2000 10:39:00 AM
From: MileHigh	Respond to of 29986

My only gripe with this piece is, did they really say that!? Or is it really bad journalism!? Surprised no one caught that, did they? MileHigh Investors selling Globalstar shares short By Bloomberg News May 5, 2000, 12:10 p.m. PT NEW YORK--More than a quarter of Globalstar Telecommunications shares have been sold short, triple the number of a year ago, as speculators bet that the satellite-telephone company's stock will drop more. Globalstar's shares have plunged about 75 percent this year as the company struggled to sign up subscribers, while rivals filed for bankruptcy or closed. The company, which has yet to record any sales, said yesterday it may run out of cash in five months without additional funding. It declined to comment today.