SI
SI
discoversearch

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 : XO Communications (XOXO) -- Ignore unavailable to you. Want to Upgrade?


To: Madharry who wrote (800)11/30/2001 2:14:54 AM
From: Ronald P. Margraf Sr.  Read Replies (3) | Respond to of 1018
 
That might be hard to do. The company made it very clear what they where doing.

Ron



To: Madharry who wrote (800)11/30/2001 3:16:30 PM
From: Sunny Jim  Read Replies (2) | Respond to of 1018
 
Agree - what FL is effectively doing is declaring bankruptcy of XOXO without going through the courts. I realize that as a common shareholder, I will get nothing in a bankruptcy, but I can assure you that FL would not come out smelling like a rose the way they will under this deal. I doubt that a bankruptcy court would allow FL to own so much stock while they rape the debt holders and murder the common shareholders. I talked to a class action firm this morning, and they are focusing on the incredulousness of this deal. After all, McCaw takes it in the shorts with all the other common shareholders, while he controls the Board of Directors. There's got to be a lot more to it than that!!!