Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Knighty Tin who wrote (57687)	4/27/1999 6:49:00 PM
From: Pierre	Read Replies (2) of 132070

MB, this is the first time I've asked a professional wrestler for advice, so no trick holds and triple slamations, please.<gg> Iridium bonds are selling for 50 cents on the dollar. I assume it is very likely equity holders will be squeezed out completely if this is the fiasco it now appears to be. However, with Motorola and some other big equity partners in the soup, short of taking a complete hit on the project won't they have to honor the bonds if they expect to squeeze any operating revenue out of Iridium, regardless of what they do to stockholders? If so, wouldn't a bond holder in effect have Motorola on the hook for payment, unless Motorola wanted to walk away from the project completely? Interested your thoughts and pointers as to pitfalls for aspiring junk bond holders in this circumstance. TIA Pierre

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next