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

To: Maurice Winn who wrote (25818)	1/26/2005 12:52:48 PM
From: verdad	Read Replies (2) \| Respond to of 29987

Actually, the valuation of QUALCOMM at the end of 1999 was based in part upon the erroneous premise that Globalstar might be an asset as opposed to a liability. Insiders used exchange funds to sell shares of stock in the late 1990s without having to neccessarily record the transactions. So anyone that bought and sold QCOM stock in 1999 knowingly or unknowingly benefitted from the Globalstar charade. Bernie, et al, had the opportunity to buy enormous amounts of GSTRF shares at a discount when Globalstar rockets blew up on the launch pad only to regain their full value when the Company announced it was fully insured. sfgate.com The timing of the announcements and the nature of the rocket launch were dubious. One would think that after the amounts lost in GSTRF that, as you suggested previously, Bernie, et al, would be in the poorhouse. That is hardly the case.