A 39 page analysis, released today, led by former FCC Commissioner Dr. Harold Furchtgott-Roth states Sprint's bid severely undervalues both spectrum and future business opportunities of Clearwire. The Furchtgott-Roth report values Clearwire between $9.54 and $15.50 per share!!
It's nice to see some heavy hitters in our court.
I tried posting this twice before with links, but yahoo keeps deleting it.
It can be hard to tell exactly who is the paid shill and who is an ignorant fool these days in discussion forums, unfortunately. Luckily for us the Sprint shills posting endless lies and Sprint propaganda here telling you how your Clearwire Stock is worthless, are easy to spot!!!
He is a consultant, no standing other than that. He is in your court as a paid expert witness which the court will weigh with others. I don't know whether the court would hire their own consultants/valuation experts or just use those offered by Sprint and Crest or others who might contest the valuation. That is not something that will be heard soon. As far as I know, Crest can't enter their case until the takeover is accomplished.. which Sprint has pushed back and might delay for months. They, as Son said, may decide you can keep your shares as Sprint-SB builds out the network and Clearwire draws deeper into convertible debt instrument. Or Clearwire BOD can go against their current agreement to be acquired by Sprint-SB. Itf they don't get the indemnity from DISH that the terms are legit, the BOD and management would be open to being found guilty of willingly abusing their authority to act on shareholders behalf... the majority shareholder of record of course being Sprint.
Again, you have valid but limited powers as a minority shareholder. Any valuation, claim of irresponsible activity, etc. is a matter for side agreements or the courts that will most likely be settled long after the disposition of the spectrum rights and ruling from the FCC are settled matters. This is why many of you are pursuing appraisal rights.
DISH or any other offer has to be a take-out that Sprint ends up agreeing to abide by. Go over to Sprint headquarters and hold a placard "We protest, we want more! This is unfair in our eyes!" Be sure to get a permit first.