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Technology Stocks : IDT *(idtc) following this new issue?*

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To: Paullie who wrote (2619)3/12/1999 8:21:00 PM
From: Andrew H  Read Replies (1) of 30916
 
Paullie, we are all wondering about the bondholder consent. Since IDTC has not announced an extension publicly, most of us assume there are ongoing negotiations which must be near to conclusion in terms of gaining consent.

This is reasoned speculation and not fact--however the strength of the stock price supports the speculation. I expect consent to be announced on Monday or Tuesday, followed by announcement of IPO/spinoff and the corporate investor.

This post, which you must have overlooked, spells out the reasoning beautifully:

Message 8286727
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