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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?


To: mmmary who wrote (4286)11/8/2001 2:06:17 PM
From: StockDung  Respond to of 4443
 
This is the best part. The entity could be owned by insiders and nobody would ever know;

"Ballsbridge is "an investment vehicle set up to do this" by "a reputable company that has been around for a long time," says Eric Loumeau, vice president and general counsel of Hollis-Eden.

He refuses to say who that reputable company is. Joseph Smith of Wall Street's Ladenburg, Thalmann, who brought the deal to Hollis-Eden, says he does not know who it is.

He says the use of offshore vehicles in such equity lines is common."