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Technology Stocks : Leap Wireless International (LWIN)
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To: pcstel who wrote (2349)7/3/2002 1:05:52 PM
From: Rono   of 2737
 
If you were LU. Would you sell away your ability to control your future ability to make amendments to the facilities.

If I were LU, I would do what's best for me including selling the vender financing debt for the highest dollar if I thought LEAP was headed down the gurgler. Could be LU just needs the money??

It makes no sense to me why LU would agree to such a restrictive covenant such as holding controlling interest when they could presumably just choose not to sell. Maybe this was a LEAP requirement, I don't know, but that would seem unlikely when apparently LU was holding the hammer.

Ron
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