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Technology Stocks : GX Investors Thread
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To: Bonzo who wrote (404)10/11/2001 1:07:05 AM
From: CYBERKEN  Read Replies (1) of 586
 
You would be lucky to buy in 15% of that debt before the price went through the roof and you'd have to stop. Much of it may be held by large telecom companies (I haven't looked) who wouldn't be interested in letting go.

I still put CH11 as a low probability, and a MFNX-like "private" restructuring as the most likely outcome. More data needed, such as the pending 10Q.

Small consolation if you've bought in at $3 or higher, but a reorganized GX (who's management has ALREADY changed) could make it past this massive telecom depression into what, IMO, will be more prosperous times...
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