Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: tayspop729 who wrote (5785)	4/24/2000 2:52:00 PM
From: Big Bucks	Read Replies (1) of 15615

729, Thanks for posting. The additional 3.4B shares + the current number of shares = 4.5 B shares. As to the dispostition of the shares, it would be in the hands of the BOD and management if given unlimited power to do as they see fit. The additional 500M shares, maybe DWB was correct about another spin off of Asia GC but the release said something to the effect "additional management incentive stock". It is still a boat load of shares to digest for a company 3 years old and as of yet unprofitable. The market doesn't seem to enthralled with the prospect of additional share offering as the price is around $25 and appears to be going lower on this news. We may yet see $20 by the end of this week. I don't consider that a resounding affirmation of investor support. Any opinion?? Regards, BB

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