IRID - Iridium World Communications IPO Announced! Message Board

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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: Bryan who wrote (2251)	8/4/1999 12:58:00 AM
From: Anthony@Pacific	Read Replies (2) of 2693

We had the squeez..already..its in there a dilution of 80-90% and then its all over I think creditors will force it into bankruptcy...Its in their best interest..Mot is on the hook for a good chunk of change ..far more than the stock is worth .. Market value is only 136 Million ..they owe 2.2 Billion....to convert it all would mean converting th debt to equityt and most certainly if 2 billion in equity were issued to debt holders they would sell immediately to cash out ..The stock would die..Why on earth would They agree to such a dumb idea..The company is a money loser and their dire financial situation is so bad tyhat noone in their right mind would throw anything in unless they didnt have a choice like Motorolla Im sorry but their is no squeeze that will be meaningful but you are certainly welcome to speculate.... Motorollas Plasn calls the shares at 35 Cents each...That is a tremendous blow to shareholders BUt dont forget sharehoders have known for a long time about this ..They have nooone to blame but themselves...Noone!

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