zspot--I don't claim to be an expert, I'm just still in shock. The pure play bandwith/internet pipe that GBLX started out as has become a lot more complicated with a lot more unknowns. Three deals pending--one with fiber, a CLEC, long distance and net server farms (fine FRO), then an undersea fiber laying bricks and mortar type company (gurgle Global Marine, not oilfield services but deep sea nonetheless ) and now USW, with all sorts of bad PR coming out of the state PUC's, XDSLs etc. In addition, there are all sorts of new combinations seeking to emulate GBLX's original vision, a la Qwst new deal today, NT and Tyco JV.
I'm still long my original position, but perplexed.
Btw, does any one know how holders of GBLX will be allocated shares of the two tracking stocks if and when USW deal is consummated? For example, if you have a 1000 share position, do you get 1000 (or whatever the pro rata allocation) of each. What is the allocation if you are required to take both?
Regards. Steven |
