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


To: pcstel who wrote (22567)3/16/2001 10:37:29 PM
From: pcstel  Read Replies (2) | Respond to of 29987
 
RS: "violated the federal securities laws by providing materially false and misleading information about the Company's financial condition and future growth potential, and as a result of these false and misleading statements the Company's stock traded at artificially inflated prices during the class period."

Another thing.. If they don't remember.. In the beginning of January, 2000.. During the Gilder Effect when the stock rose to over $50 per share.. Globalstar released a statement saying that it knew of "No Fundamental Reason for the Rise in the Price of the Value of Globalstar Equities"

PCSTEL