It's very considerate of you to take time from your busy schedule to counter my crazy claims that Icahn and Dish might just have a plan that gets Icahn back in the equity associated with those assets that he just couldn't part with his notes to own, for himself, free and clear with everyone else wipped out.
Never mind that all he got for his notes was 25% of the face value, which he could have used all of in a credit bid of say 325 million. Perhaps that's as high as Charlie would have gone.
So basically he could have put up 125 million himself, and Jeanine Poggi would be saying it was Icahn's company that is in a good position to trade places with a 15 billion dollar Netflix.
But no, the guy that put Blockbuster together over the last 7 years didn't know that was what Poggi would be saying tonight on TV. He had no idea that Blockbuster could be worth about 6 billion when it is sharing all of Netflix's customers.
Or perhaps it will be worth 20 billion when the Asian market is opened up to new releases that Netflix doesn't have.
Poor stupid insiders like Icahn get killed every time, huh John? And what about Keyes, do you think he could have been kind enough to the guy that hired him to clue Icahn a little bit. No, he just went off with the assets like poor Carl didn't exist. Now him and Charlie are probably yucking it up about how stupid Old Carl is.
I noticed that Jeanine and that guy interviewing her never even mentioned Keyes mentor once. You would have thought that Carl's name would have come up at least once in a four minnute conversation about old Blockbuster.
"It is becoming clearer and clearer that the bashers are here to help someone, likely Icahn, accumulate the shares.
That's why they all want to remain anonymous, they don't want the retribution of all the people that sold out because of what they say"
No Bill, I know I want to stay anonymous because of people here on this board that think I am here to steal their shares and therefore steal their money because they think there is a conspiracy. I see what you and your friend do to people that are just ordinary Joes and disagree with you. I see how you connect people and companies together that I would say have 0% chance of being connected. That you think I want to steal your money and the unstableness of some posters makes it prudent to stay anonymous. Read some of the posts here. Think of someone that reads you and Greggies BS about law suits, SEC etc. We know the authorities are ignoring Greggy and you have to wonder what he may do next. Better safe that sorry.
" The day is coming when they will all be gone from the message board. Just like happened at Vonage after they got the shares going up in price."
Bill comparing VG to this asset-less shell company is like comparing your local greasy spoon to McDonalds. I know F all about VG except that they never went C-11, did not have a 363 auction and did not put the language that this company put in its 8K (the common shares are worthless).
The basher theory ran it's course 8 - 10 months ago. Drop it like the other theories that have been dropped.
Just because they have no operations does not mean they have no assets.
Just because they changed their name to BB Liquidating Inc. does not mean they are liquidating every asset.
Even if a corporation has no operations it doesn't mean they have no revenue and just because they have no current revenue does not mean they never will. It is possible they even have deferred revenue, like from the NCR agreement. They expected revenue in the future and could have reported it as deferred revenue, but chose not to. We simply do not know what assets exist in the corporation at this time or whether there will soon be revenue from those assets.
However, we do know that one asset exists but has little value unless it is combined with particular assets that provide taxable earnings.
The cool thing is, we know where those particular assets are and they are now producing taxable earnings. And, Dish really didn't pay anything for the assets, well not much anyway. And our corporation reduced debt with the money recieved.
And the investment developing the Digital Segment and the Kiosk roll out is largely done consuming cash. So Dish got a real good deal, all built and ready to make money.
We know more earings from those assets are coming soon since they adopted a plan that will increase sales and reduce product costs. Then there are all the new subscriptions that will come from Netflix's disenfranchised customers.
In fact, they even reduced the G&A expenses considerably. As well, all the costs associated with the failed recapitalization and the bankruptcy and store closures is soon to be a thing of the past.
So now those particular assets will be making lots of taxable income.
Besides Dish said they wanted the assets to increase their own subscriptions, which they are probably doing and even if they merged the assets back into the shell, they could have an araingment where they can go right on doing that like Comcast was doing last year.
There is a lot of reason to believe that will be the outcome and shareholders along with Icahn and Fox Hollow would benefit.
There is likely an arraingment to do just that. Otherwise Icahn gets nothing from all that he has done and the tax assets would be wasted.
It is becoming clearer and clearer that the bashers are here to help someone, likely Icahn, accumulate the shares.
That's why they all want to remain anonymous, they don't want the retribution of all the people that sold out because of what they say. The day is coming when they will all be gone from the message board. Just like happened at Vonage after they got the shares going up in price.
Bonkme, you probably know way more then I do lol.
(i) the fact that we are currently not conducting business operations and will have no operations in the future;
Soooo, all I'm saying is that this is all about BB LIQUIDATING INC. TECHNICALLY, all of this statement leaves room (but doesn't mean) that if you were to do a reverse triangular merger (if possible) to use the NOLs (which hopefully would include us), this statement and the rest of the disclosure on the 8k is a factual statement.
Inc will cease to exist, LLC will get the remaining assets including the possible NOLs, anything related with Kiosks and International assets all legally (Even 1 of these would help), and they wouldn't be lying.