Astrue could have filled in, but he wasn't going to waste his time telling a story when someone else will own the book soon. Deal in the works.
ANR. Yearly chart. A yearly low in late June. Then up. Then down to a new low by a penny or two. Everybody sold. These so called breakouts are dangerous.
It isn't at all clear to me why MSLP is "investing" in a technology rather than simply "paying to use" a technology. I am not implying that MSLP has done anything "wrong" in the "illegal" sense. If they had an extremely profitable use for BZNE's technology and purchased the company, that would one thing. But they've essentially BOUGHT STOCK - a very small ownership share - in the company while supposedly "EVALUATING" its technology. BZNE is clearly a company on the fast track to BK. And MSLP doesn't have the financial wherewithal to prop it up for an extended period of time.
Say a friend of yours hits you up for a loan, saying he really needs the cash. Then you find out he just bought a new hot tub...or lent the money to someone at 10% interest...or blew it at the horse track / casino. None of these things would be illegal...but that don't mean they're not "wrong".
"Sprint said it is talking with its lenders on getting the necessary waivers. "We fully expect to get the required waivers and anticipate having sufficient cash on hand to repay and terminate the facilities if we do not," Sprint spokesman Scott Sloat told Bloomberg.
Sprint had initially planned to sell bonds in early August, but market conditions weren't ripe, so at the advice of its advisers at J.P. Morgan, the carrier waited. "We thought about it in August, but it wasn't the right time," Sprint CFO Joe Euteneuer told the Times. "Knowing we have the Clearwire debt, though, we wanted to get it done sooner."
"We estimate Sprint will need about $6.2 billion in additional capital over the course of the next two years ($2.2 billion to fund H-Block purchase and the remainder to fund operating losses); however, we believe a substantial portion of this capital raise will be used to refinance Clearwire debt," New Street Research Analyst Jonathan Chaplin wrote in a research note.
In terms of total capital expenditures, Sprint expects to spend around $8 billion in 2013, $8 billion in 2014, and then $6 billion per year from 2015 to 2017. Sprint disclosed in July that it plans to deploy Clearwire's 2.5 GHz spectrum using TD-LTE on all 38,000 of its planned Network Vision cell sites in a nationwide rollout. And, due to the weaker propagation characteristics of 2.5 GHz, Sprint will also deploy small cells and other sites beyond the 38,000 Network Vision sites. Previously, Sprint had said it would use Clearwire's spectrum as a "hotspot" LTE network to offload traffic in urban markets."