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

To: Rocket Scientist who wrote (22444)	3/8/2001 10:00:22 PM
From: pcstel	Read Replies (1) \| Respond to of 29987

RS and M1: <For example, regarding the Indian SP....my notes say BLS reported "we've identified one, but can't disclose its name." > I read somewhere that Globalstar had been unable to sign a new SP in India, because the Previous contracted SP was litigating in the Indian Court System with Globalstar.. And therefore, Globalstar could not engage in a New Indian SP because the Indian Govt. had blocked such action... I would not consider the Indian Government preventing Globalstar form Securing a New SP in India as a "misrepresentation" by BLS.. They were probably ready to proceed, and the previous SP got in injunction against the process!! That's Bureaucracy for you.. You can't sue for Securities Fraud because of the Indian Bureaucratic System.. Believe me. I would love to hang BLS from a "yardarm".. But, Indian Service Providers, or No Phones in Europe isn't going to do it!!! I think I have the docs to do it.. But, since my sales during the Class Period were Short Sales.. I don't think I qualify.. And I would not do so anyway!! If there is one thing I have preached over the last several years.. That is to be responsible for doing your own Research, and DD.. BTW.. Where the heck is Maurice??? PCSTEL

To: Rocket Scientist who wrote (22444)	3/9/2001 4:26:52 PM
From: Michaelth1	Respond to of 29987

RS: I agree that most of BLS' bs was consciously and strategically couched as a projection. Nevertheless, imo, he crossed the line on many occasions by stating that things either happened or were definitely happening at a certain date. As for the website's disclosure, prior to G* putting up the current "safe harbor language" regarding GW rollout, I think that the website had said that certain areas (China, PR, etc.) would be up and running by a certain date. Not might. Would. It's a violation of securities laws if the promised event doesn't happen (unless the web site has Safe Harbor language on it, which I don't think G*'s did). All imo.