On the one hand you have the fog of an agency (or agencies working against each other) and on the other hand you have individual characters. Charlie has been called the poker player and worse - and has his reputation. Wheeler is at a crossroad where he can make his mark, so I'm only laying some weight on his potential and expressed intelligence. It's a struggle or a battle, some heads may roll, but they sometimes say a new broom - what was it they have said over the ages? Wheeler - tear down that wall.
I think that's pretty much "same game, under the porch" - and they will have to run the plan by the FCC for approval and that seems less likely every day - or they have to sell the company and pay the unsecured debt holders and shareholders a fair price too. The new commission Chairman Tom Wheeler doesn't seem like the sort of guy who is going to ignore the rules and he's very deliberate. Oh, and thank you both for the informative exchange of ideas.
At some point when this comes to a stop and they run on the reef, I think there will be a falling out amongst the pirates and there will be rewards floating about for all here when the captains are scuttled. Yar.!
Following up I looked at this convention website, and it seems the better match. Yet, didn't find GSAT logo among the exhibitors nor mentioned yet in the speakers list. I see a number of satellite related companies exhibiting in the lists and most of the carriers. We'll probably hear more about this soon enough. Those hallways are going to be a national security issue, IMO, hope they have that covered.
Those January dates match with - The Super WiFi Summit in Miami. "The Global Spectrum Sharing and TV White Space Event" , but I don't find GSAT on the speakers list or agenda yet. Perhaps there's other conventions down there at the same time. However, from the similar focus on "Sharing" it's a guess that GSAT is going to raise market awareness at this summit?
From the TLPS webpage link on Globalstar website.
Broadband Internet Bootcamp Panel Mobile Satellite Service Terrestrial Wireless Plans
Thursday, December 13, 11:30 am
******* (NOTE: did they cancel the previous notice of a 7 P.M. Dec 12th GSAT Update?)
Terrestrial Use of Satellite Spectrum: Got Some Space Share?
******* ( No venue particulars given, figure out who will be the audience? Some trade convention?)
January 29-31, 2014
Thanks, that is the way Charlie has operated many times but of course it doesn't always work. Ergen lost CLWR, but he managed to sneak up on Light Squared. Ergen must have also missed out on Next Wave, somehow, if Pucillo was his inside man at that time? Maybe Pucillo works the bank shots like a pool shark. Definitely looks like a hustle going on around getting FTWRQ, it's markets, and it's spectrum.
Of course 10MHz is nice, but if you can match it up with another 10MHz in a deal with GSAT. then you'd have some considerably larger capacity. I think 20 MHz total handles video extremely well - 10 x 10 versus 5 x 5 is an exponential difference probably.
They have effective set up a wedge to drive between the shareholders and the unsecured debt holders now by creating a Litigation Trust to fight the FCC. Under the plan now disclosed and given the OK for a vote by court order, unsecured debt holders will get a payment out of any recovery and equity holders (shareholders) get NONE ($0)... Divide and conquer - they made a deal with the unsecured debt holders during this latest round of discussions, that's what I think.
Why it may be worth a risk to invest is that there are questions yet. For example, the FCC could say no to the transfer of the current spectrum and say sell it. Or, after shaking off as many shareholders out of their shares as possible the company might be sold off before the final BK plan is approved. At one point recently Fibertower was talking about running the business, but I see in the current plan that they admit as much as they don't plan to run the business but to sell it off - so why should the FCC go along with that sort of reorganization? I don't think the FCC is going to agree to this, but read article 11.1 of the plan regarding assets, what they want to do, and who could get paid.
Under article 11.1 it sounds to me like that is designed to give them permission to do just about anything - including paying off some of the big shareholders with a side deal.
We are not going to get the fantasy $5 per share that Vuletini mentioned - but we might get something. I got some shares when I came back and I'll just hold those. Vuletini will probably sell you some of his, out of generosity.
A deal with AT & T and $1.29 per share is what shareholders of Next Wave got, although I think some eventually got $1.44 (not sure). The big investors there are the same ones now in FTWRQ - aren't they? I don't think we'll see a recovery to $5 a share - too optimistic. Wildest dream $2, but more likely Next Wave zone? I'm not overloaded, but I'll have some at the finish line whatever it is then.
Interesting, but it seems youknowitoo found the most specific idea so far to fit the actual documents. By the way, I can't actually take credit for a find on this one - you can sign up for email alerts about SEC filings at the Globalstar website to get automatic notifications. I try to automate as much as I can and then try to figure out what the H it means sometimes. We've really got a pretty good group of people working together here - so amazing the ideas that grow out of this, thanks for the input. If Ergen is up to anything there's a good chance one of us will 'Spot' him.
Your answer seems the most specific, like a laser beam. I do sort of wonder why these very limited redactions have to be carried out for such a long period of time, perhaps trade secrets in the designs etc. there? Let's hope to hear from AMV for more interpretation. As for a hold on these agreements, I could imagine the NPRM could have been a determinant of how each wanted to be paid as much as a GSAT decision to move ahead. The base stations pretty much needed to be upgraded no matter what, if I understand that correctly, so starting that work may not have been in question so much as the other details. Nice endorsement that Hughes wanted shares more than cash.
Around the 14th to the 15th we were discussing a news story that T-Mobile was making a spectrum deal and another possible topic of discussion was observation of New Holders coming on with investments. Ranking one or the other of those events as having a connection until something else is found by anyone.
What do you suppose we are missing for information? What would they be doing that they have to file a notice but request it remains confidential? (DOD? Is that too easy a guess or is it some agreement.) Anyone up to speed on what qualifies to be granted CT. Whatever it was, it dates to November 14th.
October 25th you posted something different, said you had plans:
"I already have a very good Attorney out of SF up to speed now and have the $ for a fight if it comes." Either you have or you have not - which is it?
Remember King Lear, and don't be in too big a hurry to feather the nest for your kids - be responsible but not dotting, because you will receive scant thanks or gratitude in your lifetime anyway. I went against King Lear and doled out better than 65% of an inheritance I received, only to experience a twist of fate where I came up a bit tight on my retirement and realized that my kids had splurged away what they had received. Hard knocks are better teachers than good intentions as far as kids go - and when you are dead that's when your children probably first really come to appreciate the benefits of the normal sacrifices a parent makes for the next generation. At the present time, if a serious emergency were to arise, I could not be the rock that could shelter anyone, and it would have been better if I had preserved the resources against the day. Being a good dad doesn't mean you can purchase the feeling for yourself, it's more of something you will be better advised to leave behind while you prepare go to your grave for your reward. I should have listened to my own dad more closely and studied Shakespeare more astutely.
GSAT provided an in depth reply for sure, supported with technical facts and very informed remarks by respected members of the investment community. I did note that the Iridium request was made some time ago so some of their remarks were out paced by the passage of time, such as the successful launch of GSAT's second generation satellites obliterating any such claims about GSAT's position in the MSS market.
If you need a match to burn your old valuation models I could lend you some coals from my daily chart bonfires. Estimate - GSAT valuation sufficient to reach your retirement objectives!
You asked an almost identical question before as the devil's advocate and received some suggestions how TLPS can be used by other than the government - value added circumstances. Total security - don't count on that in the modern world, but superior security probably, even for individuals.
Imagine business managers would pay for fast above average secure connections - although TLPS will not be the only source of that for enterprises, it would be in the running.
50/50 chance the FCC won't go along with this plan to transfer the current useful spectrum, and I wish I knew where to send comments to the FCC on that 'plan' and tell them how share holders are willing to wait to see that spectrum pay off, so why is the company is such a rush to leave - it should be obvious that taking the spectrum under these conditions is not in the public interest. The spectrum should be valued, sold, and the proceeds split rather than just put in some lawyers black bag. Also the judge might not endorse all of that CYA wording in the new document. Lawyers sure know how to turn out the paper work, and of course they will have to be paid some more for that.