Global Crossing - GX (formerly GBLX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Global Crossing - GX (formerly GBLX)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: matt dillabough who wrote (5343)	4/11/2000 12:22:00 AM
From: DWB	Read Replies (1) of 15615

So if this article has it correct, 21.5 million shares got sold by the insiders... down from planned 29 million when the announcement was made. So am I reading this right that the insiders decided that they'd rather keep 7.5 million shares than sell at $33? Seems like if this was one of your few opportunities to sell, and you pulled the shares back because the stock dropped, that would imply that management thinks the stock is abnormally low at the moment, and they'd be better off waiting for a better price. To the point where they're willing to pass up on 225+ million dollars now for the better payoff in the future... DWB

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next