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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: dumbmoney who wrote (2564)2/22/2000 2:55:00 AM
From: Captain Nemo  Read Replies (1) of 2693
 
I have a question for those that might be able to help.

I purchased the stock before it was delisted at 40 and have been out of country since the chapter 11 filing.

From what I have read it looks like the value of the stock will be little or nothing if McCaw purchases the company.

As a novice investor, who failied to monitor this one and paid the price, my question is, Why should I not sell the 1000 share i have now. Is there any reason to keep it and is there any hope of this thing recovering? My gut instinct says get out with what little left there is.

Thanks for the help.

Scott
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