Fibertower Corp fka FBBT

[Recognizer]

I find it insulting to read the debtors response to the unsecured creditors claims. They constantly reference the valuation of the company through Tom Scott's findings. Keep in mind that Tom Scott was the CFO during the time when capital of $12-$18M should have been outlaid to secured their spectrum holdings. Tom Scott, Kurt Van Wagenen, and the Board could not be so stupid as to jeopardize their primary asset unless they knew something. As the unsecured creditors state, why are debtors going to such extremes to preserve an enterprise value of $8.5M that Tom Scott claims. The whole thing stinks to high heaven and I still think that there are many more appeals and possible lawsuits if a judge rules in favor of this sham plan the debtors put forward. Think about who is putting forth the valuation for chapter 11 purposes. Tom Scott and the Debtors. I read the unsecured creditors arguments and it appears well founded with the potential for an enterprise value of $220 Million and possibly much more. I read the debtors response to the unsecured creditors and they are trying to justify $8.5M enterprise value. In a time where wireless and alternative broadband is exploding such as Vivint's method of delivery how do you go from $288M to $106M to $8.5M. It just seems so blatant that I am having a hard time figuring out what the debtors are trying to pull off