Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: J Gunn who wrote (1530)	8/20/1999 8:46:00 PM
From: Teddy	Read Replies (1) of 15615

World Port common stock will be worth ZERO in less than 2 months. Winnick and friends SOLD over two months ago: biz.yahoo.com I documented the reasons why the stock was worthless more than two months ago when the stock was $11: Message 9761137 Then, after it was cut down more than 50% and i said it would be delisted: Message 10306625 It was delisted and traded below $1. Now that they missed (yesterday) another payment, closed all US opperations and have not filed with the SEC there is no hope that the company can survive more than 6o days. GBLX could (but unlikely) buy their assets in bankruptcy court, but the WRDP shareholders will get nothing (Heidcom gets paid first). If GBLX does not buy them, they can keep all the money they have been paid so far and take back ownership of capascity. WRDP is in worst shape than IRID

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