| Hmm, this quiet period is not so quiet If DSLR is getting reports from "reliable authority" then clearly there is some problem with Northpoint's "quiet period". |
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| The Reliable authority is PR Business Wire. The service from which companies release information. The quiet period only deals with the auction itself, not how many pots of coffee the company brewed on Monday.
Considering they aren't a traded company anymore, there really isn't much more for them to be quiet about.
Reality is beginning to set in. You can't have excellent DSL service for a low cost. SOMEONE has to pay for it. So you can pay out the nose for a nice clean connection, or pay $50 a month for babybell oversubscribed PPoE DSL. |
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| I don't think you read the news article or my post very carefully. It is clear that a press release announcing the auction was made. What is remarkable is that someone is leaking the names of the bidders for Northpoint.
So, the question is, where is Justin getting his news about the specific bidders. (The SEC will want to know.)
Or, as Northpoint says:
The company has entered into a "quiet period" and will not disclose to the public specific information about bids, bidders or the amounts and value of the bids until the auction process is concluded and approved by the bankruptcy court.
[text was edited by author 2001-03-06 21:21:02] |
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Anon | reply to WebDev511
Oh, they're being traded. I've been picking up shares for a couppla weeks now, hoping that they'll be worth something next month. In two weeks, I'll either be a hero or a fool. (Right now, I'm just a fool.)
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Never buy things you don't need with money you don't have to impress people you don't even like. |
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| reply to dsl_boy1
dsl_boy wrote: So, the question is, where is Justin getting his news about the specific bidders. (The SEC will want to know.)
Read it again. All it says is that Rhythms and AT&T are POSSIBLE bidders. Shucks, I can tell you (with reliable authority) that Covad and Krispy Kreme Donuts are possible bidders. Now if if it had said that they ARE BIDDERS, that would've been significant. |
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Socoj2
join:2000-12-23
Cumming, GA | reply to Anon
The latter part of you statement about the fool may be true... When North point was pulled into Bankruptcy court... there shares where pulled from trading and delisted on the nasdaq...... So i really doubt that you have been ""picking up shares""
Next.... Krispy Kreme could verywell afford the dam thing if they wanted to.... Riding high on a new ipo that raised some 400 million in cash... and a high flying stock... up some 500% after opening at 20$ a share. Though i doubt they would try and pick up Northpoint... they would be in better finacial state then rhythymns... |
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 lml2000Whazzup
join:2000-08-17
Los Angeles, CA | reply to dsl_boy1
I think one way this issue can be reconciled is the fact that Northpoint is in a quiet period, and therefore will not "disclose to the public specific information about bids, bidders or the amounts and value of the bids until the auction process is concluded and approved by the bankruptcy court."
However, such "gag order" on Northpoint does not seem to prevent the bidder themselves from leaking, intentionally or negligently, to others their intention to bid at the auction later in the month.
And to take Don's angle, to state or imply one's intent to bid does not in-fact mean that a bid will actually be submitted on the day of the auction. Of course it is in Northpoint and its creditors' interests that such rumors imply more bidders than less, larger bids than smaller ones. Hence, there may be some attempt at manipulation of perception among the bidders as to who will bid at the auction and the overall level of interests for Northpoint assets.
In retrospect, I would be more concerned is such sources were leaking a non-interest in bidding rather than an interest in bidding for Northpoint's assets. To create an aura of interest in such assets serve Northpoint, its creditors, and lest we forget, the lawyers, well.
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Regards,
lml |
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| said by lml2000:
However, such "gag order" on Northpoint does not seem to prevent the bidder themselves from leaking, intentionally or negligently, to others their intention to bid at the auction later in the month.
Perhaps. But I suspect that a company that wished to announce that would simply do so, rather than "leaking" the information.
I suspect Justin's info came from a source within Northpoint. |
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Anon | reply to Socoj2
Its apparent from your post that you are under the impression that you can only trade stock on the NASDAQ. You might want to check out the pink sheets or you might even want to check out the OTCBB Hey I will make it easy for you, just click this link 
They are indeed trading and I also have picked up some cheap shares that could either be worth a lot in a few weeks or will make nice wallpaper for my cube, either way I see it as a reasonable risk.
»www.otcbb.com/asp/mp_quotes.asp?···oard.y=6
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"I'm going to set it down on the strip"
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