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Technology Stocks : Leap Wireless International (LWIN)
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To: pcstel who wrote (2143)6/6/2002 2:05:01 PM
From: pcstel  Read Replies (2) of 2737
 
The other drawback about the corporate bonds! Is that they are subordinate to the Vendor Debt!

So in a priority claim it looks like this.

Vendor Debt 1.7 Billion
Corporate Bonds
Equity

I don't know if the Corporate Bonds would be in much better shape than the equity! Yet, they trade at a much higher premium than the equity.

Thanks Maurice for reminding me of that!

PCSTEL
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