Finally, someone that knows what they are talking about. Still listed on NYSE. No de-listing.
You can't sell them for .03 as the bid is .0001.
Two things continuing buyback would do.
1.) Put a floor under the stock and give some investor's confidence to buy more of the stock.
2.) Fulfill the management promise to buyback shares. .
The stock is at $3.50.
Globalstar? Is that the satellite company whose share price keeps going down? Loses $100 million dollars a quarter on $20 million of sales? Has a billion shares outstanding? They aren't going anywhere.