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To: H James Morris who wrote (131080)9/9/2001 7:20:47 PM
From: 10K a day  Read Replies (1) | Respond to of 164684
 
$300 million of convertible debt outstanding. This represents stunningly stupid capital structure management>>>

Twisted story, dude.
Speaking of Rocket scientists.
I hate the idea of Tracking Stocks.
I think it's the second biggest wall street scam besides Convertible Bongs.

Apollo Group(APOL) has a tracking stock university of PHOENIX (online) (UOPX).
THE story is seriously twisted if you ask me.
(Insiders are dumping Apollo stock like crazy)
But as i understand it 10 percent (?) of University of Phoenix (ONLINE) (special emphasis added) is worth 2 billion (tracking stock).
An alternative way to screw the public and dump dilute stock
(- i can't find insider sales on UOPX)

Institutions own about 150 percent of the Apollo float.
Janus Owns about a billion shares of APollo .

You wanna buy 10 percent of a college for 2 billion?
WTF is that.
(or you can buy Brick and mortar university of phoenix for 4-5 billion)
owned by, You guessed it. Apollo Group

It's a stinkin' test server.
They put a stinkin' test server online.
Every college on the face of the earth is moving towards that.
Every stinkin' one.
You can by 10 percent of an online college for 2 billion?
Whoo hooo

I wonder if janus checked out the sprinklers...



To: H James Morris who wrote (131080)9/13/2001 1:52:04 AM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
All new economy stocks are public venture capital. I've been saying that for years.