[d14truth]

ULLICO

1999 Chairman's Message

"As we begin this new millennium, I do so with a renewed commitment to our mission to support the organized men and women of America and those who lead them. It is natural to begin this report by calling attention to the 164 percent increase in stockholders' equity. As we reported last year, the gain in equity is in large part due to the investment in Global Crossing Ltd. Our original stake of $7.6 million in that company has increased many times over, accounting for combined after-tax realized and unrealized gains of more than $1 billion at year-end."
******
"....many times over...."???

[d14truth]

When did ULLICO 'sell' their breadwinner?

[CPT Clay]

Be interesting to read their statement now. Did they bail on GCX? Or are they holding shares worth .07?

[d14truth]

"I forgot to mention that McAuliffe's name was nowhere to be found on the insider list. Kinda makes one wonder what he's trying to hide."

My best guess is a connection/board position of ULLICO? Part of the 'investment advisory team' that got ULLICO the pre-opening shares on which to make their 'killing'.

[d14truth]

See reply #64. You're right. McAuliffe is not a trader. A trader takes risks. McAuliffe is a salesman, and once ULLICO signed on with Global Crossing, McAuliffe received his commission.

[d14truth]

Start for the Global (Double) Crossing