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

To: BWAC who wrote (11277)5/16/2001 10:49:16 PM
From: Mama Bear  Respond to of 15615
 
Well, you are mistaken if you lump a fixed price convertible in with a floorless. A fixed price convertible allows a company to get funding at a lower than market interest rate, and to sell equity at a higher than market price in one stroke.

I sure wouldn't know from your posts that you don't worry about other folks' accounts. It seems like all you do.

Regards,

Barb



To: BWAC who wrote (11277)5/16/2001 11:59:59 PM
From: akmike  Read Replies (1) | Respond to of 15615
 
I side with Barb here...GX has not issued toxic convertibles and has issued convertible preferred which gives GX shareholders the benefit of the foibles of the tax code which are beneficial to issuers of such. Your personal prejudice is not market-based. IMO when the final book on GX is written, many chapters will laud the corporate finance.


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