<HTML>In a message dated 8/9/2002 11:50:35 AM Eastern Daylight Time, laflame@aaahawk.com writes: <BLOCKQUOTE TYPE=CITE style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">Under the deal approved during a hearing at bankruptcy court in New York, Hong Kong's Hutchison Whampoa Ltd. (HKSE:0013.HK - News) and Singapore Technologies Telemedia Pte would take a 61.5 percent stake in Global Crossing in return for about $300 million in cash and $200 million in notes, according to Joseph Ryan, an attorney for the creditors' committee. Banks and other nonbank creditors would get 38.5 percent of the company. </BLOCKQUOTE> These two companies bid $750mln for Global in January. John Legere, Global's CEO, whose main goal is covering Winnick's butt and his own, claimed that bid was too low and there were 60 other interested parties (since vanished).  Winnick has close ties to both these Asian companies. Hutchison Whampoa was his partner in creating Hutchison Global Crossing. Plus, Gary's PCG Greenstreet company (whose board includes an ex-Clinton Ambassador) is partly owned by K1 Ventures who has the same parent company as Singapore Technologies Telemedia. Smoke and mirrors. Nomi </HTML>