David,
when it says " PSINet acquired IRUs (indefeasible rights of use) for cable ", these are for 20 years, is that correct?
And then it says " company has begun to acquire the out-right ownership of physical cable".
What is the difference? With the IRU's are we merely leasing for 20 years as opposed to owning them outright? If so what is the benefit of owning one over the other? And in 20 years, when PSIX owns the world, and I am sitting on the BOD, then what do we do?
(Before I forget, thanks to Lupaka on the Yahoo board for providing the analyst report)
Wild day today, while the two days previous saw that 20% drop from intraday high to intraday low, coincidentally,after our early morning low to $35.75, we experienced a 20% rise in the span of a few hours to close at $43.5.
To me, it seemed like more volume on the initial downdraft, but not by much, I don't have the equipment to break down the number of sales/by or their amts. I did notice big blocks on both sides, including some after hours buys of 5k,3.2k & 8.5k, which had been preceded by a fairly large 13.6k sale.
regards,
cg(happily doubled my position today in Psinet) |
