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Technology Stocks : GBT - Global Light
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To: J. Conley who wrote (175)9/26/2000 11:52:01 AM
From: donjuan_demarco   of 223
 
Hopefully the company will also take a serious look at eliminating the GBT/HGP double holding company.

I really don't see what purpose Highpoint serves. It trades on a foreign exchange, trades very thinly, and is selling for a lousy five bucks. If you apply a holding company discount to both companies, Highpoint's properties are worth very little to a holder of GBT stock. Plus it creates another level of taxation.

It would be simple to fold Highpoint into GBT on a tax-free basis. GBT would then have a direct interest in all the European stuff, as well as Bestel.
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