Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Michaelth1 who wrote (22440)	3/8/2001 6:21:45 PM
From: Rocket Scientist	Read Replies (2) \| Respond to of 29987

M1, as someone who's complained bitterly these endless months about the ambiguous, untimely and confusing reports from management about Gs existing situation at any point in time, I can't find it reasonable to now say, "aha! You told us X was true at time Y, and it wasn't, therefore you misled us." Searching my memory and copious notes, every material statement of BLS I can find was either future tense, or so vague to be meaningless. For example, regarding the Indian SP....my notes say BLS reported "we've identified one, but can't disclose its name." What's actionable about that? No doubt they did "identify" one, probably it's still* identified, maybe even under some contract awaiting funding or bureaucratic authorization to proceed, maybe they had a contract at the time(s) BLS spoke, but later cancelled, who knows?....but because the "identified" SP has never, yet, materialized, will a lawsuit against mgmt succeed? I doubt it very much. As for the G* website, I believe it's been very conservative (too much so, i've often thought) in claiming countries actually in service (as opposed to their invariably over optimistic forecasts)

To: Michaelth1 who wrote (22440)	3/9/2001 11:32:31 AM
From: Selectric II	Respond to of 29987

My recollection from past class actions where I've ultimately received a coupon, the defendant company is sometimes financially broken, and the plaintiff's lawyers get millions, is that you are automatically made a part of the class, unless you opt out. Folks, the lawyers and experts' fees involved in a bankruptcy reorg. and class action defense are a drain of precious time and $$ resources to a company struggling to survive. It's like throwing a drowning man a rock.