I have been saying what a moron Hesse is for the past 6 months. Today I eat my hat as the private placement bonds is a BRILLIANT move-- non-dilutional, brings in outside party (probably China Mobile), gives options to strategic path going forward. Maybe they buy the rest of CLWR shares, maybe they just finance CLWR's LTE build (and secure favorable network rates in the process), for once Hesse does a WIN/WIN for S and CLWR!! Hooray for Hesse, now make sure you have the correct follow-through and make these things HAPPEN!
THis is what I have been waiting for to sell my insurance puts. No dilution means I really dont worry about sprint going down any more. This deal is done. Time to accumalate over next year and watch sprint roll in 2013. Upgrades coming next.