SI
SI
discoversearch

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.
Strategies & Market Trends : Rande Is . . . HOME

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: carepedeum2000 who wrote (26077)5/17/2000 3:55:00 PM
From: Tradelite  Read Replies (1) of 57584
 
MSTR....from yesterday's Washington Post...good news or bad news?
___________________
<<MicroStrategy chief executive Michael J. Saylor has personally guaranteed a line of credit for the Vienna-based software company and has backed the guarantee with collateral, MicroStrategy reported in a filing with the Securities and Exchange Commission. To secure the loan, Saylor pledged all the financial assets held in an account of Alcantara LLC, according to a document filed with the SEC. Alcantara is the vehicle through which Saylor owned 43.1 million of his 43.8 million shares of MicroStrategy, as of March 31. The company had fallen out of compliance with the conditions of a $25 million bank credit line. But with Saylor's guarantee, Bank of America has increased the credit line to $28.6 million. Saylor does not receive any compensation for providing the guarantee, MicroStrategy reported.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext