Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: quidditch who wrote (3726)	12/22/1999 10:24:00 AM
From: DOUG H	Read Replies (3) of 15615

Hi steve, a question I posed on another thread, Good morning Frank, To me the central question is whether or not a party not involved in a bankruptcy proceeding can enter into the proceeding to "cure the default" in a hostile fashion. Another interesting question that's raised is,"Would the FCC, after insisting on the payment of $4.7 billion be able to turn down a solution from Nextwave that promised to pay the entire amount. They could insist on a "all cash" offer but could they raise the stakes. I don't see how in a BK proceeding. I believe NXTL is petitioning for more spectrum elsewhere, cuold this be jockeying? What's your take?

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