Globalstar -1.5% AH; company files to sell shares for Hughes


Globalstar (GSAT) has filed to sell $9.9M worth of shares on behalf of Hughes Network Systems.

The offering comes with Globalstar shares having more than doubled YTD.

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Comments (3)
  • snakepitt1
    , contributor
    Comments (12) | Send Message
     
    What is the sell price of these $9.9M worth of shares? If it is significantly below the stocks present value then we shareholders should be notified as this will affect the stock price.
    18 Jun 2014, 04:23 PM Reply Like
  • rexxer
    , contributor
    Comments (2) | Send Message
     
    The shares are valued at $4.10. It could be perceived as good news because Hughes choose payment in stock rather than cash! They must believe in Globalstar if they wanted shares!
    18 Jun 2014, 10:08 PM Reply Like
  • rexxer
    , contributor
    Comments (2) | Send Message
     
    The shares are valued at $4.10. It could be perceived as good news because Hughes choose payment in stock rather than cash! They must believe in Globalstar if they wanted shares!
    18 Jun 2014, 10:08 PM Reply Like
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