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Technology Stocks : Loral Space & Communications
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To: Nancy Haft who wrote (6731)8/30/1999 2:22:00 PM
From: Valueman  Read Replies (1) of 10852
 
Unfortunately, no. There are, once again, even after the 250K block, sell orders for 25-30K. I note that the price is lower at this time than when that sale occurred. So, that is not the end. As for LMT shares, I'll say it again, they can not sell this special preferred on the open market without making a deal with LOR. There have been NO common shares sold by LMT. That's an additional pressure to worry about down the line. The LOR trade could in no way support a 46 million share sale.
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