Ask yourself the question why it was necessary to amend the APA to include the excluded assets? That's your answer right there.
I'm getting deleted. I haven't filed any claim with the court. Cooley is representating the unsecured Bondholders. My understanding is that they are in charge of making sure the Bondholders get their notes paid.
Not at all. I haven't filed any claim with Cooley or the court. Cooley is representating the unsecured Bondholders and is charge of getting our claims paid. Nothing else to my understanding needs to be done. If you feel necessary to clear the confusion, Jay Indyke from Cooley would be the attorney to seek answers to. Although, he will say that there is no funds to disburse for the unsecured creditors.
Fred, deceiving once again, I see. A chapter 7 no asset case does not require any filing of claims by the creditors or parties in interest. Now, go on and continue to deceive further.
The limited scope of the bar date has been approved by the judge. What's left is to divvy up the remaining monies available and end the chapter 7. Keep in mind that the reorganization more likely is already done. As already stated discreetly by the previous judge. Which is understandable why Cooley won their award for Blockbuster's creditors. Anybody who refutes this is foolish and will regret selling their shares based on the bashers deceit.
It's very simple. Dish took ownership of the debt and will be the owner until the bankruptcy is over. There are idiots on this board who think that a multi billion dollar brand would sell for $320 million. Maybe the stores. That's it! That's where the excluded assets come in.
You are correct Jerry. The bonds originated in May 2013. Dish DBS issued the bonds. What is very strange is no trade activity on the longer term bonds at all, and no trade activity on the short term bonds since May 29th 2013. The question is why no activity with these bonds?
I'm not afraid of sticking my neck out with my predictions. The best of prognosticators are wrong from time to time. I see that a few down thumbs in this thread. Wonder why?
Stop, shame on you for finding such valuable information. The bashers are refuting your find as non-material. They certainly are grasping for straws.
A penny stock trading on the OTC exchanges carry inherent risks. Knowledgable investors knew the risk with Blockbuster but yet it was still necessary to halt the stock and publish articles about it. It is unheard of a penny stock to be halted. It tells me that an agenda was in place to dissuade other outside investors from participating in the shares. For the most part it has worked. The only thing is the insiders don't control all the shares.
Get the shares down below 1 penny before the trustee gives his reason for a dismissal of the case to the judge. The trustee's actions from the past week suggests that the case is ready to be resolved. Limiting the scope of the bar date is to expedite the resolution of the case. There will be the bashers lament that the shares will get dissolved. They can't be further from the truth. Those NOL's are of vital importance to the future of Blockbuster. The senior debt holders who control the bankruptcy will not allow those NOL's to dissapear. I almost forgot, the Canadian trust still exists.
Bulltrade, Dish seems to be very discreet about the shareholder meeting. The date came across during the earnings call when an analyst wondered why a shareholder meeting had not been scheduled. It was not posted on Dish's website. Where is the proxy? Dish is keeping this shareholder meeting under wraps for a reason. Any merger vote requires a lead time to send the proxy before the event. I do not see any proxy as of yet.
As of August 25th 2014, note that Blockbuster Inc. not Blockbuster Liquidating Inc. is listed as the issuer. Any public traded company listed on the PCAOBUS board must pay a issuer accounting fee greater than 0. Further, ALL companies listed on the board had average monthly equity market cap during the preceding calendar year of GREATER than 75 million based on all classes of common equity. Why do I point this out? Just further confirmation of the amount of deception that has occurred throughout this bankruptcy.
This scenario of the senior debt being negotiated contains a high probability of occurring. October 1st is the date that this scenario may come to fruition. The case being dismissed remains a high probability and makes the exit clean and efficient. The Oct 31st shareholder meeting by Dish was delayed to give the debtors(Blockbuster Inc.) time to negotiate the notes and make a request to the judge for a dismissal of the case, and conversely merge the shell into Dish Digital. I feel very strongly that this timeline will be followed.