When it's all hashed over and sifted through, it looks to me that there's only one question remaining for the common to be thinking over, me included. And that's the one originally coined by Clint Eastwood:
'Do I feel lucky ...
Well, do ya punk?”
The stock was purchased as a hedge, if the company turned things around Echo and Harb would profit. If they declared bankruptcy they own a controlling percentage of the debt so they has access to the assets (mostly spectrum- the satellite and handset are of nominal value). It appears they would rather try to devour the assets rather than deal with a successful TSTR-otherwise they would have loaned them the money instead of acting as DIP. I can't figure out if Harb will exercise the option to buy the 1.4Ghz - seems likely. I would wager most of the assets are spoken for by the various creditors leaving little for the unsecured creditors and nothing for the common.
No not at all. This is a highly risky play and they might not be able to stay out of the courts. Corp could be entagled with Networks and were left with 0.
But if we can seperate corp from networks, and exit the court system, we own spectrum without Falcone on the other side of the cap structure willing to punish us.
Thanks. Thought that could be the other side of the coin (been there before, elsewhere, as 'common'). Right here and now this is a tough risk/reward play with lots of variables evolving and difficult to track, and with different participants having different degrees of information ... but what else is new?
(I'm already in this thing for a while, but I was hoping TSTR wouldn't take me, a long timer, into such a deep orbit.
You are grasping at straws. I don't think for one moment that Harbinger won't find a way to steal the spectrum values from you clodhoppers. Another lease anyone? How about piling up more debt for Epstein's golden parachute? Doesn't he deserve a corporate jet? Get real! When has tstr ever done anything for the shareholders?