Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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

To: Teddy who wrote (953)	5/18/1999 11:35:00 PM
From: debra vogt	Read Replies (1) \| Respond to of 15615

Has anyone read the column from Jim Seymour in TheStreet.com today - it is about the GBLX/USW deal. He doesn't really understand the deal either and he is a lot smarter than I am! (at least in these matters) I am seriously considering selling my shares tomorrow.

To: Teddy who wrote (953)	5/19/1999 12:47:00 AM
From: CF Rebel	Respond to of 15615

My assumption is that the shares will be sold from treasury and that the proceeds go to GBLX coffers, not insiders pockets. Is not the assumption that the company, i.e, all shareholders equally, benefit from the deal? As I said on the Yahoo thread, when a company purchases a stake in another company, the seller takes the money as working capital. Also, by selling such a large amount of shares to one shareholder, rather than doing an equivalent secondary offering to the public, a tighter float is maintained. CF Rebel