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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?


To: Mazman who wrote (132)12/30/1998 12:32:00 AM
From: Teddy  Read Replies (1) | Respond to of 15615
 
Yeah, I was being sarcastic about the number of post.

I have often wondered why some well known stocks (you mentioned DELL, we could use CSCO and MSFT as examples too) have 50 or 100 post per day while other stocks that are widely owned have maybe two or three post a day (WCOM is a good example).

Oh, one of the best things that Global Crossing sent me is that 8 page "Pan European Crossing Questions and Answers" thing (undated).
Did everyone get a copy of that? Why isn't it on the website?
While not discussed here much, it looks to me like PEC is a hugely important to GBLX's plan.



To: Mazman who wrote (132)12/30/1998 11:14:00 AM
From: Mazman  Read Replies (1) | Respond to of 15615
 
Another Customer Leases Capacity on GBLX's AC-1 cable.

biz.yahoo.com



To: Mazman who wrote (132)1/28/1999 8:23:00 PM
From: Teddy  Read Replies (2) | Respond to of 15615
 
hey hey Mazman dude, remember about a month ago you asked about the lockup? I have awesome news: we need to add one year to August 13, 1998.

Check out page 75 of the Prospectus, fourth paragraph:

In general, under Rule 144 as currently in effect, if one year has elapsed since the later of the date of acquisition of restricted shares from the Company or any affiliate of the Company, as that term is defined under the Securities Act, the holder is entitled to sell within any three-month period a number of shares of Common Stock that does not exceed the greater of 1% of the then-outstanding shares of Common Stock or the average weekly trading volume of shares of Common Stock on all exchanges and reported through the automated quotation system of a registered securities association during the four calendar weeks preceding the date on which notice of the sale is filed with the Commission. Sales under Rule 144 are also subject to certain restrictions on the manner of sales, notice requirements and the availability for current public information about the Company...

Get it? The key is the first line: one year has elapsed since the later of the date of acquisition of restricted shares from the Company or any affiliate of the Company. There were no restricted shares of GBLX before August 13, 1998, before that it was "Old GCL." The restricted shares can't be sold for another six months, and even then there is still that crazy 1% rule.