Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (3466)	10/8/2000 1:36:06 PM
From: Mama Bear	Respond to of 4155

Iridium World does in fact have less than 20 million shares outstanding. Deal with it. Iridium World also had no debt. Deal with it. Straw man arguments, how disingenuous of you. A reasonable person could argue that I relied on an unreliable source of information. That's a matter of opinion. Only an a-hole calls people liars in that situation. Regardless, you are mistaken if you don't think that book value was in fact being reported by the company at over $30 per share. This was due primarily to the extreme valuation given to the constellation, which in the end was shown to be a liability rather than an asset. But that wasn't admitted until after the company was forced into BK. Regards, Barb