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Technology Stocks : C-Cube
CUBE 39.15+1.1%3:59 PM EST

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To: Stoctrash who wrote (24543)10/28/1997 3:21:00 PM
From: Stoctrash  Read Replies (2) of 50808
 
CORRECTION...LC's = Letters of Credit (thats how they do biz far away) and not Local Currencies as I suggested.

A letter of Credit was explained here a few days ago.....

Forgive me ...i have errored....
Its been a long few days.

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Simply said....
Cube gets a PO from a company, they pay by a LC from a bank (you can trust them banks) The bank pays cube in US Dollars.
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