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.

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

To: Ally who wrote (11298)	5/17/2001 1:34:18 PM
From: BWAC	Respond to of 15615

Glad you see the problem now. Again, it doesn't apply to GX. But it may help somewhere later down the road at another time and place.

To: Ally who wrote (11298)	5/17/2001 1:45:43 PM
From: Bill Fischofer	Respond to of 15615

It's called desperation The world of corporate finance is filled with opportunists who are little better than loan sharks who prey upon weak and desperate companies who have no other access to capital. Most are based offshore to avoid SEC scrutiny. Not every nontraditional financing deal is toxic but if you see a company raising money from some outfit in the Cayman Islands that you've never heard of it's a pretty big red flag. Needless to say, this has nothing to do with GX.

To: Ally who wrote (11298)	5/17/2001 1:48:33 PM
From: Mama Bear	Read Replies (1) \| Respond to of 15615

"Who are the bird brain CFOs that invented that mathematical idiocy? " I'm not sure, but Hayes Modems is generally considered the first floorless issued. In and of itself it's not necessarily a death blow to the company. However, the only companies that consider doing that to their shareholders just don't qualify for anything better. Again, it is not relevant to GX, except to note that GX did not enter into this type of deal. GX did a fixed rate convertible that doesn't suffer the consequences despite the fact that BWAC seems to think they do. Shorting to hedge doesn't drive down the price, and the convert holders who do so don't really care one way or the other. Yes, it increases the float, but when one knows that a company has issued a floating convertible one should assume that those shares have already been added. Regards, Barb