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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: FESHBACH_DISCIPLE who wrote (2516)12/7/1999 1:55:00 AM
From: FESHBACH_DISCIPLE  Read Replies (1) of 2693
 
Money class vs working class

3.8 billion in bonds(claims against the company) can be bought for 300 million(3.8 bill x .08 cents)

vs.

141 million shares trading at $4.00 = 560 million

Something is amiss here,anyone know what it is?

To whomever solves the riddle will goeth the spoils.
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