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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: lazarre who wrote (1115)6/10/1999 8:52:00 AM
From: Olsinvest  Read Replies (1) of 15615
 
They are only offering to purchase a small % of GBLX outstanding stock. Not really that hard to understand.

Possibility: You own 1000 shares, You may end up tendering only 90 and getting $62.75 for those 90 shares. If you hold on to the remaining shares and sell them later at $55. You must average the sales to get your avg. sale price!

Regards,
Ole

PS. Your broker is either ignorant or doesn't care, in either case you may want to consider a change!
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