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Technology Stocks : McLeod, Inc. (MCLD) ---- IPO -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (717)	9/25/2001 5:05:08 PM
From: Ashley800	Read Replies (3) \| Respond to of 1418

<<Did you know the answer all along and were just testing Softechie?>> Yes and no. I thought I remembered reading it a few months ago, but when Soft was sure FL didn't have any preferred, I went back and checked. Soft was right though we all have to take the time to do our due diligence a little more (including Soft). <<that they were committed to making MCLD a success for their shareholders.>> FL IS a BIG shareholder. And one with voting rights. <<<Fortsman putting in yet another $100 Million a month or so ago,>> What were the dilution terms? (again this DD thing!) My guess is he protected himself even stronger on that 100 million. Don't forget what Clark McLeod said just 24 months ago (when he took in the BILLION) and 18 months before accepting that 100 million: Clark E. McLeod, McLeodUSA Chairman and CEO, stated, “A long-term investment of this magnitude can produce significant benefits for McLeodUSA and its shareholders. This investment reduces our future financial risk because it FULLY funds our current plan.