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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: CF Rebel who wrote (4280)	2/14/2000 6:44:00 AM
From: HW Bowman	Read Replies (1) \| Respond to of 15615

Rebel, interesting analysis. Does your estimation of the 56% not held by insiders include consideration of the large number of convertible preferred shares out there? And things like the warrants attached to bonds that were held by Legg Mason High-Yield Prime Fund mentioned at p C27 in today's WSJ? This is a sticky wicket= when all the people on this thread doing all this research can't definitively nail down something as seemingly forthright as share disposition, something is wrong with the SEC rules, don't you think?

To: CF Rebel who wrote (4280)	2/14/2000 1:47:00 PM
From: Theophile	Read Replies (1) \| Respond to of 15615

Rebel, if shares outstanding are ~447M, which IMO is correct (and yes ~800M including post FRO total) then what about institutional ownership? This too is considered not part of the float, no? Am I misinformed here? Shares outstanding less institutional = float, or am I incorrect? I do not look at short ratio without looking at total percentage of float, because the volumes traded are often history. Thanks for the well documented approach. And yes, the short shares story is often misused to account for share price.....however, in this sort of guerilla warfare, competitors with clout have to use every tactic possible to hold back a rival...and this is one of those tactics. I have seen it before in other sectors....anyway, I appreciate you disagreement, more is learned by that than a simple concurrence. Thanks. Martin Thomas