hi marv, (and thread)
RE: your post: Re-"discussions generated provides insight". Would be more meaningful if based on information regularly provided by GBLX. The lack thereof generates a lot of speculation ie. from wishful thinking at one extreme to hopelessness at the other end.
First, before i get to the reason of this post, let me remind you all that, even though i am the youngest poster on this thread, i have owned GBLX common stock since 3 days after the IPO (my first post was #20. there are a couple of us still here) and that my Dad is the Head Bean Counter for an S&P500 company.
OK, what i wanted to comment on was post about the lack of information regularly provided by GBLX.
There are certain rules (actually they are laws) that companies must follow relating to Press Releases and information provided to investors. Global Crossing LTD, like most companies, complies with those laws.
I have, several times on this thread, commented abouth the fact that investors need to ask the right person the right question on the right day to get an answer to half of the questions left unanswered... but that is not the majour driver at this time.
The issue at hand is "Quiet Time." This is a time when the SEC requires Management to put their head on their desk and pretend to take a nap.
1. "Quiet Time" comes from the end of a quarter until the results of that quarter are released (unless it is bad news, then Blood Sucking Class Action Monsters receive a reward before the people that took a risk).(for example: the Company can not comment on "someone" saying there will be no news from the Company for 5 months because they discovered a mountain [i think that guy covered this morning<G>])
2. "Quiet Time" has some limeted requirements after an acquizition is announce but before it is completed (for example: no one at Global crossing LTD can comment on why it is a good idea that they are buying that IXwhateva thingie).
3. "Quiet Time" also applies to statements made prior to secoundaries and other share offerings (you know, like a tracking stock). Let me just say this about Global Centre: Management has made comments about that event for atleast 8 months. Many of those comments were in public interviews or were other wise documented on this thread. There was nothing surprizing or out of the ordinary in yesterday's filing. If anyone is not happy with the terms, you can sell your shares at any time (of course anyone that is not happy with the terms is so lacking in understanding that they [in my opinion] should never have been allowed to but any stock in the first place).
4. "Quiet Time" there are some other rules, but i have done enough typing for one day.
Anyway, i forgot the reason for this post.
Results for the quarter will be announce early tomorrow, with a CC to be held at 9AM eastern time. Because of the IX and GC "Quiet Time," i would not expect to hear anything new.
Oh, marv, if the only contact you have at Global Crossing LTD is Jenny Chowderhead.... well dude, let's just say that it is not worth the time to type the question. |
