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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Larry L who wrote (1772)5/13/1999 5:01:00 PM
From: Goodboy  Read Replies (1) of 2693
 
Stay tuned Larry. Was Roy Grant forced out also? Before or after he sold all his stock at $30. Was Grant replaced by a real shaker and mover from an outside company? Roy read the hand writing on the wall before Ed did because he understood the financial structure that he himself helped to create and solicit funds for. He sold his stock as he told the street all was OK and then bailed. Stiano bought 25,000 shares to show his confidence. It might not surprise you that Big Ed may have met with Motorola and discussed the future financial structure of Iridium. Grant didn't need a hint. Either have the bond guys (30 cents on the dollar).

The strategic differences between Ed and the board might have a lot to do with the coming resturcturing of the company and Ed lost the battle to prove Iridium could survive in its current structure. Watch what happens next.
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