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Article: GS Telecom Limited Provides Progress Report to Shareholders.
- Article from:
- Business Wire
- Article date:
- December 9, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON--(BUSINESS WIRE)--Dec. 9, 1999--
GS Telecom Limited (OTC/BB:GARD; www.gs-tele.com), enablers of e-commerce enterprises, today released a company progress report to its shareholders.
The company recently filed its annual 10-K, for the year ending June 30, 1999, with the Securities Exchange Commission. GS Telecom Limited had to resolve several major internal and operational issues including a fraudulent stock scam, the elimination of 21.5 million shares of common stock and changes to its executive management structure. Due to the complexity of these issues, GS Telecom Limited requested and received an extension to file its annual 10-K. During the ...
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