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Technology Stocks : GX Investors Thread

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To: qveauriche who started this subject	12/30/2001 6:13:51 AM
From: howsmydrivingal	Read Replies (2) of 586

Re: GOOD NEWS GX is working on it. by: raopuddpicker 12/28/01 05:36 pm Msg: 313241 of 314592 Re: GOOD NEWS GX is working on it. by: raopuddpicker 12/28/01 01:32 pm Msg: 312685 of 313222 Why I invested in this company @ $1.07 was pure speculation. The bottom line I was looking at when I made my purchase was the looming BK filing vs the Bank Covenants. I understand that GX has secured the majority of its financing in such a way that the banks are UNPROTECTED in the event of a BK filing. To me, this says a lot. Banks will do whatever they can (meaning if there IS a way to be more lenient on the covenants, they will) to protect the capital they have in this company. GX is a unique play, no one doubts that. The wild card for my gamble is mention of certain overseas private investors that may be willing to step up with some cash if it becomes necessary. Who knows...by the price and volume today it would appear that we are in a wait and see trading pattern at present. ****************************************** Man, I am SO Glad I did not pull the trigger. You think BANKS are going to shoot themselves in the foot? NO WAY....NO WAY...... This company has a barrier to market for competitors that is the envy of EVERYONE. Posted as a reply to: Msg 312685 by raopuddpicker ******** Read this on the Yahoo message board. I recently bought GX also and for the same reason as mentioned above! I am putting in a good til cancelled for almost all my shares at $3.00. Will buy more if it sells and settles back down. If it never makes it to 3, I will look to sell at anything over 2, hopefully at least 2.25.

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