Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Walter in HK who wrote (5345)	4/10/2000 10:38:00 PM
From: Theophile	Read Replies (1) of 15615

Walter, I remember back in December someone made the comment that Frontier execs would be part of the lockup and would be looking to bail out ASAP, as they are apparently no longer part of the picture, just stock-option holders looking to get their money. Why not wait? Who knows. Apparently somebody is waiting and the amount of the offering has been reduced by about 25%. And try not to forget that the competition would like to see the stock selling for as little as possible to give GBLX as little money as possible to further their buildout. I believe the stock was selling for $25 when the company was not even remotely consolidated into the posture it now has. What does that make it worth in today's market? As a share price, $33. As an investment? I bought more today. Regards, Martin Thomas

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