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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (12156)11/21/1999 10:32:00 PM
From: Puck  Read Replies (1) of 18998
 
Any thoughts about what may be going on and how one might profit from it regarding the following:

Wednesday November 17, 6:48 pm Eastern Time
Company Press Release
SOURCE: PSINet Inc.
PSINet Announces Intent to Conduct Rule 144A Offering
HERNDON, Va., Nov. 17 /PRNewswire/ -- PSINet Inc. (Nasdaq: PSIX - news) today announced that it is pursuing a placement of debt securities in accordance with Securities and Exchange Commission Rule 144A. The debt securities will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration under such Act or an applicable exemption from the registration requirements.

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