SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : ICGX - Intelcom Group -- Ignore unavailable to you. Want to Upgrade?


To: AJ Berger who wrote (317)9/19/2000 11:01:14 PM
From: Captain Jack  Respond to of 335
 
A J -- When Vogel walked out like he was running scared I figured Malone summoned him home. IMO Malone is not putting another dime into icgx or he would have kept vogel there to watch what the rest of them do with his money. Vogel is back on the LM payroll tomorrow is my guess.
Look up IRID. Another POS that died and was in the same shape as icgx. If there is no hope,, or little hope they will float belly up. Remember there is $4mbil in assets and the $1.5 is the left overs. The creditors will get some of theirs back,,, shareholders get zilch.
If it were a Japanese company these guys would not have resigned but would have fallen on their sword-- possibly their pen in this day & age...
I too added today but only on a gamble as my thought is no one will buy them and they are in operational trouble they cannot handle without a bunch of bux--- bux that no one is going to give them...... their bonds (13%) are now going for $0.29 on the dollar... After LM pulled it was almost a certainty they would not stick another dime is,,, no one else will either...



To: AJ Berger who wrote (317)9/21/2000 1:32:15 PM
From: Doughboy  Respond to of 335
 
Be a bit cautious, IMO. After bankruptcy, the equity holders of a company are left with nothing. The owners of the company are the bondholders. If you want to buy any part of ICG, you should be buying the bonds.

Doughboy.