10-05-2001, 06:49 PM
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Confirmed User
Join Date: Jan 2001
Location: Oregun
Posts: 4,396
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Quote:
Originally posted by Kimmykim:
Whether he's an actual webmaster or not is irrelevant.
Servint's been in Chapter 11 for around a year now and they are still going wide.
Level 3 doesn't depend on their stock for their bills, that's why people like us and LikeWhoa pay them big fat 6 figure checks every month.
Market capitalization is what you are worth on paper, it has zero to do with your cash flow situation. Once L3 sold the stock in the first place it was gone and no longer generates dollars in their bank acct, only in those of the holders of the stock who choose to sell it. By that same token they could be worth triple on paper what they are today and have zero cash to pay for anything.
Don't get so excited, even if L3 were to file bankruptcy it's not a big deal. Many companies have done it and come out fine.
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