Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: John Carragher who wrote (989)	5/21/1999 11:20:00 AM
From: M. Frank Greiffenstein	Read Replies (2) of 15615

So what? LOL, who does GBLX management think they are kidding? They will not tender more than 30% of their shares? Wow! Is that supposed to represent substantial sacrifice or comittment? Most insiders rarely sell more than 30% of their holdings anyways as a part of routine insider trading, so there is nothing special about management's, ahem, "gesture". First GBLX insults us with this ridiculous tracking stock idea. The purpose was so they could be in the local and long distance markets at the same time without annoying the government. Does anyone think the government will be fooled? And now they try to fool shareholders with this empty gesture. I still believe in GBLX and their plan for a worldwide broadband network, but this manipulative bullshit insults my intelligence. Clearly, Winnick was Milken's best student. Anyway, here is a link to a Reuters version of the story: dailynews.yahoo.com DocStone

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