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Stock Market & Financial Investment News

News Breaks
December 20, 2012
07:04 EDTGSATGlobalstar announces delisting from Nasdaq
Globalstar announced that it received notice from the Listing Qualifications Department of the Nasdaq Stock Market that Globalstar's common stock will be delisted effective at the opening of business on Friday, December 21. Nasdaq is taking this action due to the company's common stock trading below the minimum bid price of $1.00 in excess of the period permitted by Nasdaq listing rules.
News For GSAT From The Last 14 Days
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October 20, 2014
17:50 EDTGSATGlobalstar reiterates value of spectrum assets
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October 13, 2014
14:25 EDTGSATGlobalstar responds to Kerrisdale Capital's FCC filing
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October 9, 2014
16:22 EDTGSATGlobalstar to make new investor presentation available on October 9 at 4:30pm ET
Globalstar announced that it will make available a new investor presentation that outlines the company's value proposition, long-term prospects and the industry landscape, as well as directly refutes Kerrisdale Capital's flawed assertions regarding the company. The presentation will be made available on the company's website at the commencement of the Globalstar conference call today, October 9 at 4:30 p.m. EDT. "We remain as confident as ever in the strength of Globalstar's value proposition and competitive advantage, now and in the future," said Jay Monroe, Chairman and CEO of Globalstar. "This is a critical juncture in the communications industry, and Globalstar is well positioned with unique capabilities and assets to capture the opportunities of the constantly evolving landscape. We continue to benefit from a completed second-generation constellation, a strengthened balance sheet and liquidity position, substantial operating growth and achievement of significant milestones on the proceeding for our Terrestrial Low Power Service with the Federal Communications Commission." Monroe continued, "Today's presentation reiterates what we at Globalstar have always known that the facts are indisputably on our side. Kerrisdale's analysis lacks credibility and any real understanding of the fundamentals and current state of our industry. What is clear is that Kerrisdale stands alone in its views, which staunchly contradict the prevailing perspectives of regulators and major industry players. We stand united in our commitment to supporting our assets, strategy and ability to capitalize on significant future growth opportunities."
07:59 EDTGSATGlobalstar to host conference call
Conference call to address the matters raised during the October 6th Kerrisdale Capital presentation will be held on October 9 at 4:30 pm. Webcast Link

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