Be interesting to read their statement now. Did they bail on GCX? Or are they holding shares worth .07?
And McAuliffe got out and made $18 millions......but if Terry & the pirates were advising the AFL on their investment strategy and they were able to get them in on the same Global Crossing IPO that Terry made his cash in ... the AFL / ULL cash input would have brought that stock out of the gate handily
Terry invests $100k (or the net amount after a shrewd $1K cattle futures position) then advised his institutional investors to pile on ...... Terry makes $18 millions
Do the others in the IPO get hosed or are they tipped to take the money and run??
I don't know if it's unlawful .... but it stinks to hell
.
Best I can see is that they bailed in 1999.