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Technology Stocks : GX Investors Thread
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To: Alphapenguin who wrote (192)8/30/2001 3:24:36 AM
From: DukeCrow   of 586
 
<< The promised cut that GX shareholders would get from the Global Center sale? >>

I think you may have things a little confused. GX management never promised GX shareholders anything as a result of the GlobalCenter sale. There was a possibility that GX shareholders would receive GlobalCenter shares as part of a spin-off if GlobalCenter had had an IPO. That did not occur.

What did you think GX shareholders would receive as part of the Exodus acquisition of GlobalCenter? Did you know that if the Exodus shares were distributed it would have been a taxable event to GX shareholders? If you didn't expect to receive Exodus shares, then what did you expect, and please show me where management promised it.
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