Fibertower Corp fka FBBT

[horndawg77]

C = cash

Would sure be nice wouldn't it?

Since the bankruptcy plan was never clearly consummated (692 useless licenses tied up in court) and those licenses belong to the pre-debtor estate (old Fibertower = us) and AT&T has agreed to an as of yet undisclosed purchase price I think it's safe to say that AT&T doesn't give a hoot WHO the funds go to. All they care about is getting their licenses released from the FCC as quickly as possible.

The ONLY thing that will determine whether we will gain from any of these proceedings is exactly how much common stock the major players held on they day the shares were extinguished. Those people kind enough to divulge their holdings on this board make up just shy of 9%. I would be stunned if the remaining people here make up another 6%. That leaves 85% out there hanging.

I have a hard time believing nearly 41 million shares are out there in limbo somewhere. Somebody owns them. We know the players and the share totals they were obligated to divulge. What we don't know is how many of them were snatched up BY THEM through their other interests.

They've already written off their losses from their original Fibertower holdings. This is free money for them to include the common in the sale and it could be a truckload of it.

Either that or they aren't nearly as smart as they think they are and we give them credit for. The double dipping accomplished by them has once in a lifetime potential and you can believe they know it.