Kerrisdale Presses GSAT Short Following Recent FCC Application
Kerrisdale Capital is pressing its short campaign against Globalstar, Inc. (NYSEMKT:GSAT) as the company’s share price continues trending down, this time focusing on its experimental-license activity that the hedge fund says show weaknesses in the GSAT’s plans to offer premium Wi-FI through its terrestrial low power service (TLPS), a direct response to the enthusiasm around GSAT’s October 20 application to the FCC to do testing in San Carlos . . .
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