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 : NEXTEL -- Ignore unavailable to you. Want to Upgrade?

To: Rono who wrote (9750)	8/29/2001 12:23:15 PM
From: p friend	Read Replies (1) \| Respond to of 10227

I believe the bonds were issued by Nextel International. If we checked out the cash in their bank account it may not be too full. Nextel was not obligated to put in more cash into Nextel International. Probably the funds got squeezed by Nextel into taking this or watching Nextel International get closer to default on the bonds. The funds got Nextel stock in exchange for Nextel International debt. How does this sound for an explanation? It sure did seem like an unusual deal to an outsider.