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

To: Theophile who wrote (4293)	2/14/2000 4:47:00 PM
From: CF Rebel	Read Replies (2) \| Respond to of 15615

Martin, Insiders are anyone, management, institutions, George Bush or Gary Winnick's housekeeper (yes, she got in too) who own the stock pre-IPO. Hired employees who own stock either through purchase or vested or non-vested options are also insiders. Anyone else, including institutions, who buy shares on the open market are not insiders (until they own enough to get themselves a seat on the BOD). Institutional ownership of GBLX stands at 110 million shares according to this site: insidertrader.com The problem with that site is that they say institutional holdings are at 30.3% which can't be right with 794.8M shares outstanding. It may be possible that the 110 M shares they refer to are non-insider institutions and they may also have added institutional insiders to get that figure - just a guess on my part. For the record, Shares Outstanding less INSIDER holdings = Float. Institutions who are not insiders (having no representation as board members) have no encumbrances on their trading of the stock, therefore shares they hold are part of the float. CF Rebel