John Dooley is deeply involved with GSAT and is also deeply involved with Fibertower.
Rest assured that any possible synergies are being well explored with Jay Monroe.
The debt holders are entitled to settlement at face plus costs, but someone will get a windfall.
Of course the debt holders want to accelerate foreclosure to reap the windfall.
It appears there is doubt on the FCCs move. If the FCC takes back the licenses, then they can be re-auctioned with the proceeds going to the Federal coffers.
If the FCC does not snap back the licenses, if the debt holders cannot complete their seizure of assets through the courts in time, IFFFF the judge is honest, and if someone wants to come forth with the cash and / or stock to buy everyone involved in the bankruptcy out, the it could work.
I would give it a 50-50 chance of Dooley / Monroe pulling this off. Monroe has much on his plate getting GSAT's TLPS rolling.
The time it takes to put together such a deal is geometrically proportionate to the number of parties involved.
Let the crisis develop, then step in at the last minute appears to be the only strategy that could work with the debt holders and the courts, but the FCC is involved.
Of course Monroe & Dooley are working on it
