IRID - Iridium World Communications IPO Announced! Message Board

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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: Stephen J. Schmidt who wrote (329)	12/23/1997 9:43:00 PM
From: brian h	Read Replies (1) of 2693

Larry, Are you sure that IRIDF does not have to borrow any more money? See the following link: biz.yahoo.com More evidences showed that IRIDF kept using different forms to borrow more money after the company announced the completion of 4.7 billion financing a while back. Right after this financing, it borrowed another 300 million. Now, there comes the above $1 billion credit facility from a new formed subsidiary. Is it over yet? May be someone will enlighted me about this financing stuff. It adds up quite a huge amount for average shareholders to appreciate. Any comment? Brian H.

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