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Technology Stocks : Y10K Crisis -- Ignore unavailable to you. Want to Upgrade?


To: Savant who wrote (175)8/16/1999 10:35:00 PM
From: Urlman  Respond to of 5985
 
RE: Hypersonic sound etc.
Right now I am watching a documentary on WAACO Texas/David Koresh.
The loud music and sounds of animals (some which sound like they are getting slaughtered)that they played at night over the compound is just plain crazy!

Url



To: Savant who wrote (175)8/20/1999 1:44:00 PM
From: Urlman  Read Replies (1) | Respond to of 5985
 
This has got to be illegal. You need to be a licensed broker.. and one that is licensed in the stqate you are doing business in....
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Thursday August 19, 6:27 pm Eastern Time
Iridium holder floats new concept in Internet trade
By Emily Kaiser

CHICAGO, Aug 19 (Reuters) - What do Barbie dolls, Star Wars memorabilia and shares of Iridium LLC (Nasdaq:IRID - news), the struggling satellite phone company, have in common?

You might be able to sell them as collectibles through Internet auction sites.

Shareholders of Iridium, which filed for Chapter 11 bankruptcy protection last week, have been unable to buy or sell the stock since Nasdaq halted trading on Friday.

But a message posted Thursday in an Internet chat room suggested a novel way investors might be able to exchange the shares -- put the actual stock certificates up for auction through an online service such as eBay Inc. (Nasdaq:EBAY - news).

''You might want to sell them on eBay. They could have market value on an auction, or numismatic value if it tanks completely,'' read the message posted on a Yahoo! Inc. (Nasdaq:YHOO - news) Iridium stock bulletin board.

Trading in shares of Iridium was halted on Friday after the company filed for protection from its creditors under Chapter 11 of the U.S. Bankruptcy Code. Iridium, the first company to offer telephone service anywhere in the world via a system of 66 satellites, has struggled to sign up subscribers to its pricey service, and has fallen well short of its revenue targets. The stock last traded at 3-1/16, well below the 52-week high of 49-14/16.

Several stock analysts and traders said the idea of auctioning stock certificates was intriguing. The question is, would it be legal?

A U.S. Securities and Exchange Commission spokesman said that depends on the circumstances. He said a person may sell securities to another person privately, even if the stock has been halted for trading. He declined to comment on whether auctioning stock certificates on the Internet would constitute a private transaction.

A spokesman for eBay, the San Jose, Calif.-based online service that allows people to auction Barbie dolls, Star Wars toys or just about anything else, said if a transaction were illegal in the ''real world,'' it would not be permitted in eBay's ''virtual world'' either. However, he said stock certificates could be sold as collectible items.

An Iridium spokeswoman declined to comment.