Winstar Comm. (WCII) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Winstar Comm. (WCII)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TheSlowLane who wrote (3290)	1/8/1998 9:25:00 AM
From: Steven Bowen	of 12468

Boy, I think I get screwed in this Teleport deal. Bought Apr 55's a couple weeks ago when TCGI dropped to 54, feeling a takeover was emminent and guessing a takeout price of 60 to 65. Was making good money yesterday around 58. But now at 54 to 56, my options will be nearly worthless and I'll stand to lose at least 75% of that money. My question: Does anybody know what will happen to my options in a case like this? Would I get the opportunity to at least convert them to options on AT&T at the conversion rate? Or am I just stuck with the 54 to 56 cash? Come on Sprint, let's up the ante here!!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next