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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Dragonfly who wrote (1741)4/29/1999 4:10:00 PM
From: Goodboy  Read Replies (1) of 2693
 
I just took a moment to go back and see where the stock price was when I first posted. It has been more than cut in half and my posts did not have anything to do with it. All my posts did was point out it was going to happen. I read some of your posts from Feb and Jan. You were playing the same "don't post anything negative here just because the stock is down BS". That was when it was dropping before the secondary and trading in the high 30's and low 40's.

I am glad it makes you feel superior that anyone who has anything to say about the demise of this company is not fit to post here. I would argue that there would be a lot of people here who would have saved a whole lot of money had they listened to the naysayers. Jack Morgan no longer posts here. He sold around $20 and is hopefully saving money by turning off his Iridium service.

Where do you get off attacking people. SI is about opinions, facts and news. The fact is that this company is headed to a restructuring and the equity will be near worthless. The news is that they have only 10,000 subs, many people are unhappy with the service, the CEO and CFO have resigned and analysts are talking about a resturcturing. My opinion is that this stock is toast and the bond guys should not feel comfortable at 50 cents on the dollar.

As for the comment that this is like TCI in 1996, I knew TCI in 1996. TCI was one of my largest holding and the whole position was bought between 11 and 14. TCI made me a ton of money. Sir, Iridium is no TCI.
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