QAD quadrant iridium limited

Could someone please explain what today's announcement is...

  1. hotcongo
    3,997 Posts.
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    07/08/06
    12:05
    Post #: 1722563
    Could someone please explain what today's announcement is saying?

    What is the letter of credit? Does it turn into real cash?

    Did QAD originally invest $20m US into iridium years ago?

    Does it mean that because QAD still holds an 6.35% stake in Iridium that QAD's investment in Iridium has gone up sevearl fold since it first invested?

    Why is Iridium doing this return?

    Cheers Anne
    QAD Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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