GLOBAL SIGNAL WTS (fka GSLIW)

[FloridaTrader]

Just a heads up to everyone,this stock expire next week.. I'm still holding mine.

[FloridaTrader]

Hey wonderful work there bro..

thanks for the info

[Wayne R]

Well, mystery solved.

Pinnacle Holdings emerged from Ch11 bankruptcy in 2002. Previous shareholders got warrants to purchase new stock. Now these warrants actually started trading at some point back then on a "when issued" basis, and with amazing foresight, I bought some. Then they became Global Signal, then bought out by CCI. Somewhere in the confusion the warrants became worthless and lost, then got posted on the pinkies last Dec, and started actually trading last week.

[FloridaTrader]

True .. Concerting it was worth nothing for over 2 years..

Actually it is a better deal trading for CCI shares,about
$100 more per 10 shares ..They are still selling for $39

[Churak]

well, if you can sell them for 99 bucks, that ain't too shabby

[FloridaTrader]

I just got a letter from ameritrade warrants expire 11/2/2007

They are worthless after this date ..

[Churak]

if you don't want them, you can give them to me...TIA

[Wayne R]

hmmmm, wonder how I ended up with some

[FloridaTrader]

A company called CCI bought them out.Every GSLIW wt. share and $17.06 the New company will give 3.22 shares.That company is selling for around $38 a share now..

[Wayne R]

did you ever find out anything here? I had 163 shares in an account. I have no clue where they came from or why I owned them.

[FloridaTrader]

http://www.smallcapcenter.com/snapshot_quote.asp?ticker=GSLIW