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Technology Stocks : GBT - Global Light

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To: Sir Francis Drake who wrote (169)	9/22/2000 2:47:00 PM
From: Madharry	Read Replies (2) of 223

I doubled down today as well at 5.50. Wish I had more patience, but ok. Spoke to invesor relations- Debt is almost entirely concentrated in subsidiaries, GBT debt consists of a convertible debt offering about $32MM. GTS sold their stake in the company last summer. weakness believed to be hedge fund selling. Bestel IPO is being held up by Mexican requirement that 51% ownership being retained by Mexican entities. Trying to find a solution to that issue. I think it is worth being patient on this one.

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