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.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (136459)11/30/2001 10:58:12 AM
From: Ken98  Read Replies (2) | Respond to of 436258
 
Speaking of toilet paper, XO shareholders getting the pipe:

<<Following the close of the investment and the balance sheet restructuring, Forstmann Little and TELMEX will each own 39 percent of the company's outstanding equity. The remaining equity, other than that allocated to the company's employees, is expected to be held primarily by holders of the company's senior notes. Consequently, current holders of the company's equity securities are expected to lose substantially all of the value of their investment as a result of the restructuring.>>

biz.yahoo.com

So, let's see - one day this "efficient" market valued the common shares in that POS company at +/- $500million and the next day it's worth nada. Gives a whole new meaning to the "O" in XO, huh?

How many times will it take for people to remember that the common stands in the ass-end of the line?