From what it seems, T-Mobile and Metro objected to the involvement of Fox Development. UMS was initially trying to work out an agreement where they would own the debtor UMS LLC after the bk was over. T-Mobile did not want Fox to have control over those stores...wanting to maintain control over them instead. I can't remember the exact wording.
However, due to lack of funds avail UMS had to partner with Fox for the cash infusion and in return give them the interest in those locations. At least that is what they were working out the details to when Metro told UMS to sell all the locations. This new company will eliminate Fox having any kind of interest after the bk.
It appears that this new company where Lee has a minority stake will become the new owner of the T-Mobile locations at least.
If TALK is remotely involved here they could take this new company public under that name. Just guessing. Don't want to get too excited here or hopeful at all.
If anyone says they have an investment philosophy, remind them that a monkey picked a winning portfolio over a fund manager...then fling your poop at them.
