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

To: verdad who wrote (25826)	1/29/2005 3:46:19 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 29987

<"..trying to ascribe criminality.." The bankruptcies, class action lawsuits and other legal matters have already done that.> No they haven't. The bankruptcy was simple business failure, due to incompetency, with no implication of criminality, though Bernie said it was criminal that the marketing was so bad. The class action lawsuits were because some investors and their lawyers thought they were misled by comments by Bernie Schwartz that things were "on plan" and thought there may be legal recourse. I don't have an opinion on whether his comments were criminal, or illegal, or simply obsessively optimistic, or in the category of legal wishful thinking, which is as common as air. But if there's a question, it's reasonable to have it tested in court. The SEC and other agencies haven't done anything, unlike with Enron, Worldcom and others, so it doesn't seem as though there has been anything which could be considered criminal. My advice is to mind your ps and qs as I suspect you are being libelous, which might open you to damages claims. It's not allowed in many countries to harm people's reputations without foundation. What "other legal matters" do you mean? Irwin Jacobs has none that I'm aware of, and I don't know of other issues in relation to Globalstar, though there were questions on soldering technology [or suchlike] transferred to China by Loral, which resulted in no criminal proceeding that I'm aware of. Bernie of course didn't know any more about soldering than he did about marketing. Mqurice