"Claw back of their illicit gains?" Wow. You really are following a script. You have got to be kidding. That is hilarious. And, boo, Ima scared, "Crest will cave sure as sundown." Wow. Who writes your material? You should be writing ghost stories - so scary. Guess I better sell. You as a Delaware court chancellor are handing down verdicts and punishments meanwhile call options continue to rise and share price is .08 above offer price. Yup.
I am hanging in as long as Crest and the other hedge funds are. Sure, there's a risk we retail fools could get left holding the bag, but I like our chances here for at least $4.40 and possibly bingo. Lot of wheels in motion. Far bigger stakes are at risk than my measly share total. CLWR is critical to the mix, I know that. Crest has called the stacked-deck governance into question as it deserves to be. The lawsuits are real. It was funny to see a lot of the rats come out of the wall today heralding a CLWR price plummet. Today's drop was still small change, just as Friday's move was. Some houses are still playing this for intra-day movement. Buckle up y'all. This will get a lot more interesting.
Gotcha. Sounds very good. It is encouraging to know that there might be someone involved in this process who might work to the benefit of a group larger than himself and his cronies. Thank you.
My compliments to you all. This is easily the most interesting discussion on the CLWR board. So, Joe are you saying Sprint is really looking to sell off CLWR?
Fineinvestor: Can you please break it down a little more "finely" for the great unwashed like me who aren't terribly familiar with the new FCC Chariman's pragmatism. What did he do that might benefit CLWR minority longs if he were to apply the same principle? Because, honestly, on the face of it, I don't like hearing that because the Sprint-CLWR merger is in some loose construction a quasi de facto entity until the vote on the 13th is resolved, CLWR doesn't have to listen to Dish's offer. That really can't be the case, can it? Such behavior on the CLWR board's part wouldn't seem like even a micro-modicum of fiduciary duty, no matter how much CLWR governance strangles fiduciary duty. Thanks.
Teamrep, what you're missing is that these boards aren't all about buy, sell, hold. We are out here on these boards trying to figure out what the hell is going on, especially with an entity like CLWR, which has so blatantly been the object of intense manipulation. Sure the governance gave Sprint leeway, but Hesse abused it to the max. On this board, what has bothered many of us about your posts is that , no matter what the topic was, you often came across as having a substantial axe to grind with CLWR management that was personal and invariably trumped the topic being discussed. So much that you have written was along the lines of "if only they had listened to me...." And that may well be the case. Probably is. But at some point, especially recently, it stopped being about business plans, het-nets, and small cells, whatever, and just became about the spectrum asset. Sure the debt is a factor, but we live in a debt-driven world. The debt is not the deciding factor with clearwire, apparently the spectrum is. You're a smart guy, and it has been fun dueling with you. I don't think we're done yet.
I saw this article last week and totally glossed over it because of the misleading headline. Great work by Indano to dig through and find those nuggets. The Google-Dish connection certainly fits our jig-saw puzzle. I think we're (the honest CLWR longs) all out here trying to sort through the flotsam and jetsam of information this board. There's a lot of agenda-driven pro and con propaganda and stupidity. I really appreciate the efforts of Indano, my buddy Spok, and all the others who have kept the faith. Whether we're engineers or not, and I most definitely am not, we have all understood the value of the spectrum and how, as data demands have exploded, the spectrum value has increased., regardless of how well or poorly the company has been run. You don't have to be a rocket scientist to see that Hesse deliberately tried to sabotage the share price to run it down as far as he could. That kind of stuff may be wall street but it's not cricket. You don't have to be a rocket scientist to see that Google is like the local rich guy who hates to go to any place in the neighborhood because all people see are $$$ when he walks in the door. Of course Google would hang in the background. Whole lot more to play out it seems. All good right now. Tighten those seat belts....
Spok: Wow. You don't seem to take opposing views very well. My point isn't that big of a deal to be categorized as "spectacularly incorrect." I understand that CLWR's management change of heart was "spectacularly dramatic." My less than spectacular point was only that the fix was in before the bonuses were announced, therefore the bonuses were icing on the cake. But have it your way. No prob. We're on the same team, baby, minority longs. And, yes, I am sure you'll be glad to know that I was doing okay with CLWR prior to yesterday and better since. By the way, I have no idea who the heck the most hated billionaire in America is. Trump? If so, then I can tell you that his father was most certainly not an immigrant cab driver. Anyway, as far as CLWR, continued good luck to all of us.
Spok I think you're making too much of the bonuses in line for the Clearwire officers if the Sprint deal is consummated. It is relative chump change in the bigger picture. I am not saying Hope, Prusch, Saw et.al. wouldn't mind getting the money, I just don' t think it's driving their decisions. The Clearwire crew has been in Sprint's pocket for a long time now. How Clearwire now fields Dish and the Dish offer just became a much bigger situation. Fiduciary responsibility is one thing, insanity is another.
Also, just want to say congratulations - on paper anyway - to the CLWR longs who haven't fallen for the garbage that the trolls on this board have been posting for a while. And we all know who the trolls are, don't we?
Pretty good news I'd say:
DISH Network Announces Tender Offer in Letter to Clearwire Board of Directors
7:40 PM ET 5/29/13 | BusinessWire
--DISH remains committed to a commercialization of Clearwire's significant portfolio of wireless spectrum assets which will enable the combined company to provide a superior product and service offering to its customers
DISH Network Corporation (NASDAQ: DISH) today sent a letter to Clearwire Corporation (NASDAQ: CLWR) with an offer to acquire Clearwire for $4.40 per share in cash.
DISH is making this offer public in light of the limited time remaining prior to the Clearwire stockholders' meeting to be held on Friday, May 31. DISH intends to commence a tender offer for the outstanding Clearwire shares prior to that meeting.
"The Clearwire spectrum portfolio has always been a key component to implementing our wireless plans of delivering a superior product and service offering to customers," said Charlie Ergen, chairman and co-founder of DISH.
John Stanton, Chairman Clearwire Corporation 1475 120th Avenue Northeast Bellevue, Washington 98005
Oooh. I am so scared. My knees are shaking. Guess I better vote for the Sprint buyout. What's been wrong with me anyway? How ungrateful have I been? Not so long ago, CLWR was .89. Now it's $3.40 because all those great folks at Sprint like kindly old Dan Hesse want to achieve a win-win situation with the CLWR longs. Thanks Teamrep for waking us all up!
It is ludicrous to call Crest disingenuous because they are not willing to move this into a class action or to fault them for looking out for their own interests only. No one expects them to be anything other than self-interested. As a tiny fish/minority long in this pond, my hope and belief is that the actions of Crest, Mt. Kellett, Aurelius, etc. will result in a higher CLWR share price. So far it has. I think there's more to come, and I am certainly voting no in this round as well. As noted earlier, no one has been more disingenuous throughout this process than Sprint if you're going to accuse any entity or indvidual of malfeasance.. Hesse and Co, are just getting a well-deserved dose of their own medicine thanks to Crest, the other hedgies, and the minority longs.
Nope, that doesn't work either. On what planet is "equivalate" a word? Must be the same planet as "equavalate." Whatever, it ain't planet earth. And, what, by the way, does "equivalate" mean? Just so you know, when you write such ridiculous things, it completely undermines your argument.
Regardless, you and Teamrep can keep churning out you anti-CLWR propaganda. We will all know a lot more soon.
"equavalate" - are you kidding me? You make up words like you make up facts. Must be a wonderful skill to have. When in doubt, just make it up.
Absolutely. We're just hitching a ride on their backs. Where we get thrown off remains to be seen. Hopefully it will be considerably higher than $3.40.