Kerrisdale's Case Against Golbalstar (GSAT) Still has Serious Flaws - Chardan Capital

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Globalstar Responds to Kerrisdale Capital's FCC Filing

October 13, 2014 2:23 PM EDT

COVINGTON, La., Oct. 13, 2014 (GLOBE NEWSWIRE) -- Globalstar, Inc. (NYSE MKT: GSAT) issued the following statement in response to Kerrisdale Capital's ("Kerrisdale") recent filing with the Federal Communications Commission ("FCC"):

Kerrisdale's FCC filing is nothing more than another attempt by a short seller to drive the price of Globalstar's stock down for its own short term financial gain.

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