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


To: AJ Berger who wrote (814)5/10/1999 8:34:00 AM
From: isdsms  Read Replies (1) | Respond to of 15615
 
I'm new to this thread, but have been following gblx recently and have a small position. Can someone enlighten me to the arrangement regarding the ipo and the existing float? I have been told that 75% of the stock does not trade due to restrictions of the ipo, but will be available for sale at a given point in time. Is this true? If so, this could put tremendous downside pressure on the stock. Comments?