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Subin, Pucillo, and Levy all laughing at Vuletini. Too bad Vuletini didn't get in on the settlement.
It's normal for blood pressure to go up when you get robbed.
Anyone else’s blood pressure go through the freaking roof every time you see one of those ATT 5g commercials?????
Jermaine Levy says hello from his 37 foot fishing boat named "The Settlement"...he also has a 50 foot cabin cruiser named "Vuletini's Share"
Law360
Is the law not clear?
Have any shareholders spoken further with thee lawyer? One more week?
The details of the deal/transaction/settlement agreement have not been disclosed to predecessors in interest/shareholders
Atedmac, Vuletini, and Sandpaints......
Three blind mice,
Three blind mice
See how they run,
See how they run!
They all ran after
The farmer's wife
She cut off their tails
With a carving knife
Did you ever see
Such a sight in your life
As three blind mice?
Jermaine Levy says hello from his 3rd beach house in Palm Beach!!!
You fools should have taken the settlement!!!
Sandpaints was hurt when all those cases of tin foil toppled over onto him.
Vuletini 2M+ shares and sat around with his pecker in his hand all that time and didn't do anything.
Atedmac contacting SEC...they are laughing at you too!!!
SEC Response:
Thank you for contacting the U.S. Securities and Exchange Commission (SEC).
We appreciate you contacting our office about your concerns relating to AT&T Inc.'s acquisition of FiberTower Corporation. Please note complaints and inquiries are nonpublic information and thus we are unable to provide any comment in relation to your inquiry.
You may wish to contact our Freedom of Information Act (FOIA) office concerning access to nonpublic information at the SEC, see https://www.sec.gov/page/office-foia-services. You may also wish to review our publication, How to Make a Freedom of Information Act (FOIA) or Privacy Act Request, available at https://www.sec.gov/foia/howfo2.htm#.
The SEC’s Office of Investor Education and Advocacy processes many comments from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some of the correspondence we receive is referred to other SEC offices and divisions for their review. If they have any questions or wish to respond directly to your comments, they will contact you.
Please let me know if you have any questions, and once again, thank you for contacting the SEC.
Sincerely,
Lisa Skrzycki
Attorney
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(800) 732-0330
www.sec.gov
www.investor.gov
www.twitter.com/SEC_Investor_Ed
I sent a short note to thee SEC this morning
I will update if I get a response
Hopefully all is well with Sandpaints
sandpaints is a older gentleman and he may not be around longer.
R.I.P sandpaints if you're dead, if you are alive say something.
Thanks Vuletini
Sandpaints, you out there?
We could use your expertise!
I will contact SEC next week
Got a call today from Steve at labaton, he said the best way to handle
this is contact SEC...the more information the better.
Sandpaints is the best candidate for this job.
That would be Great Vuletini !
I will do a follow up call also
Labaton Sucharow plays in thee Big Leagues
Keep us posted if you will
Thanks
Ateabigmac, my skills are less than yours but I'm going to call them today.
I'm sure they are aware of the Fiber Tower fiasco.
Labaton Sucharow looks like a perfect law firm for our dilemma.
Has anyone entertained contacting Labaton Sucharow regarding our dilemma?
Sandpaints ? Your communication skills far exceeds my limited ability!
On February 22, 2019, Labaton Sucharow secured a major victory when the Delaware Supreme Court upheld the Court of Chancery’s decision to deny motions to dismiss a suit concerning Straight Path Communication’s $3.1 billion merger with Verizon. Labaton Sucharow, as co-lead counsel, represents Straight Path’s minority shareholders.
The action alleges that Straight Path’s controlling shareholder Howard Jonas breached his fiduciary duties in the sale, causing minority shareholders to lose at least hundreds of millions of dollars in value. Jonas controlled Straight Path and IDT Corporation, from which Straight Path was spun off in 2013.
In January 2017, Straight Path entered into a consent decree with the FCC regarding fraudulent conduct, which, among other things, forced Straight Path to sell itself to a third party and remit 20 percent of the sale proceeds as a fine to the FCC. Under an indemnification agreement between Straight Path and IDT, IDT was responsible for reimbursing Straight Path for that fine post-closing.
After an active bidding for Straight Path was underway, Jonas and his son, who he had previously installed as the CEO of Straight Path, hijacked the auction process, including by threatening individual board members and declaring that he would block any sale that preserved the indemnification claim. With no choice, the board released the claim against IDT for de minimis consideration.
On June 25, 2018, Vice Chancellor Glasscock of the Delaware Court of Chancery denied the defendants’ motion to dismiss, finding that the Jonases “directly harmed Straight Path’s other stockholders, who ended up receiving hundreds of millions of dollars less in merger consideration than they would have but for Howard’s dishonesty.”
What is happening with this ? Is it still undetermined? Does anyone know? Anything?
Opps, should have written New Yorker, not New York Times - as reported by Rolling Stone follow-on story.
New Yorker:
https://www.newyorker.com/magazine/2019/03/11/the-making-of-the-fox-news-white-house?irclickid=ViqzFAz4SxyJTlw0EWQ%3ANRupUkl0krSGCThXxk0&irgwc=1&source=affiliate_impactpmx_12f6tote_desktop_Viglink%20Primary&mbid=affiliate_impactpmx_12f6tote_desktop_Viglink%20Primary
Just a few hours later now, and beans are published by New York Times. Now where did they get all that information (?) or what:
https://www.msn.com/en-us/news/politics/three-revelations-from-the-new-yorkers-explosive-fox-news-story/ar-BBUntIy?li=BBnb7Kz&ocid=mailsignout
Probably won't do us any real good, but Trump camp could throw some information out now too - if they were smart enough to think of it. I'm pretty sure people in Washington know about Solus, about the insider trading that seemed to line up with some Straight Path transactions, the FCC settlement(s), on and on. Lets see the RATS fight, at least. What about that meeting in Barcelona between FCC Chairman Pai and AT&T's Quinn who arranged payments something like $600,000 total to Cohen for what?
BEWARE THE IDES OF MARCH:
And all that follows after that. Does history repeat itself?
Is Trump going to back stab AT&T on 5G, or will it be the other way around? 5G in the news again with rumors of a government national plan. Will AT&T pull the levers with Cohen? What does big telecom know about phone calls and records?
What did Caesar do during a time like this? He scoffed. Of course, later many Romans paid with their own sacrifice.
No and AT&T refuses to answer my question as to where it is. They only direct me to that lame press release claiming the 205 million dollar purchase price. Not very respectful.
Did anyone ever see the SEC filing?
Posted 01/18/2019 13:00:13 Inactive Security Effective 01/22/2019 00:00:00 FBBT Fibertower Corp. Common Stock Other OTC
So we should watch for some SEC filings next?
"There exists in society a very special class of persons that are always referred to as the Believers. These are folks who have chosen to accept a certain religion, philosophy, theory, idea or notion and cling to that belief regardless of any evidence that might, for anyone else, bring it into doubt. They are the ones who encourage and support the fanatics and the frauds of any given age. No amount of evidence, no matter how strong, will bring them any enlightenment." --James Randi
Therefore the Wall Street types continue to believe they will never be caught or brought to answer for their misdeeds.
Michael Cohen will be giving testimony and be under oath to answer questions at a Congressional Hearing on Feb. 7th.
Among the questions likely to bring focus look for examination of an FCC Chairman Pai meeting with AT&T executives as part of payments totaling $600,000 made to Cohen. The contract specified that Cohen should do more than just consult about President Trump, Cohen was also paid in part to promote AT&T interests within the FCC. You can find that in a Washington Post story.
Quote:
"He (Cohen) was also directed to “creatively address political and communications issues” facing the company and advise the company on matters before the Federal Communications Commission."
"AT&T declined to comment on the documents, which were provided to The Post anonymously, but it did not challenge their authenticity."
End Quote:
Link: https://www.washingtonpost.com/politics/cohens-600000-deal-with-atandt-specified-he-would-advise-on-time-warner-merger-internal-company-records-show/2018/05/10/cd541ae0-5468-11e8-a551-5b648abe29ef_story.html?noredirect=on&utm_term=.fbd7e5fe7f24
FBBT FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
C-Band Alliance cites Straight Path, FiberTower deals as examples of precedent for spectrum management
https://www.fiercewireless.com/wireless/c-band-alliance-cites-straight-path-fibertower-deals-as-examples-precedent-for-spectrum
Why the 39 Ghz auctions (NEXT YEAR) continue to be important - and why they may soon be delayed even longer.
First is this Verge news story showing that the spectrum blocks AT&T got from Fibertower, and the spectrum blocks Verizon took from Straight Path, were or are not currently in large enough contiguous blocks with the result being they can not achieve the higher speeds at this time:
https://www.theverge.com/2018/12/4/18125854/verizon-att-5g-speed-test-slow-maui-qualcomm-snapdragon-summit
Second, FCC Chairman Pai seems to be going into CYA mode after having allowed himself to previously turn a blind eye during the spectrum transfer decisions, but now he is putting together an investigation that should give him political cover:
https://www.theverge.com/2018/12/7/18130925/fcc-investigation-coverage-maps
Never forget Pearl Harbor. I was a kid living on Ford Island Naval Air Station just after the end of WWII.
Well perhaps a positive result for the Straight Path Shareholders in there lawsuit against IDT might aid Fibertower Stakeholders in some fashion.
Or is it - Fibertower: Direct or Derivative or Neither ???
It seems our situation would depend on the bankruptcy reorganization plan being overturned due to antitrust action, because we were not shareholders when the merger with AT&T was finally consummated. However, if during 2011 AT&T / (perhaps T-Mobile) and the Hedge Funds colluded with or without Fibertower management to bring about the 2012 bankruptcy, with the 2014 results, that would give us an opening, IMO.
In the bankruptcy court during the 'stay' discussions the FCC said as much that the bankruptcy petition was made as an excuse to suspend the FCC from taking back the licenses, to which Judge Lynn crafted an opinion that Fibertower could not be reorganized if they lost the business vital -valuable-license rights or as property of the estate. The agent of that was the Hedge Funds.
So the judge ordered the licenses into limbo pending appeals. In short, the judge was bamboozled by legal arguments that were true enough by the time the proceedings had reached that point, yet the FCC was correct that the bankruptcy had been designed to achieve that objective, even before the bankruptcy application had been created.
It's complicated. Our chances are slim to nonexistent of recovery, but there may be some consequences for the perpetrators, yet to come. Following WWII some properties were restored to their rightful ownership and some restitution was paid. And a lot of people got nothing or were left ruined.
Fibertower: Direct or Derivative ?????????????????????????????????????????
Stockholders of Straight Path Communications Inc. can press on with self-dealing claims against the company’s CEO and controlling stockholder that stem from its $3.1 billion sale to Verizon Communications Inc., a Delaware court decided.
Chancery Court Judge Sam Glasscock III, in a June 25 opinion, refused to dismiss allegations that former Straight Path controlling stockholder Howard Jonas and Straight Path CEO Davidi Jonas breached their fiduciary duties and siphoned potential benefits away from other shareholders.
Glasscock held that the claims of fiduciary duty breaches are direct, and not derivative as the defense argued. This allowed the lawsuit to survive. Stockholders lose their right to sue derivatively — against a third party on behalf of a company — once they cease to hold shares following a merger.
FiberTower involved Hedge Funds offshore in Puerto Rico have problem. How will this work out, based on some Federal legislation bills being worked on by Bernie Sanders and Elizabeth Warren? (They were re-elected just now.)
https://media.noticel.com/o2com-noti-media-us-east-1/document_dev/2018/10/08/_HedgePaper_PuertoRicoDebtRestructure_FriReview_1539039065343_13510135_ver1.0.pdf
Pucillo selling Tulleride, CO vacation home and moving closer to Puerto Rico - well, not San Francisco headquarters of FiberTower; to Jupiter,Florida. Not close to any Toys R US stores; his latest success story similar to the job he did on FiberTower. (However, Chris has upset some politicians, and actually getting some blow back from others in the hedge fund business, and over 30,000 unemployed persons, including 1,632 upset by losing their jobs in New Jersey added to by 57 former FiberTower workers.)
Anthony Scaramucci comments:
https://dealbreaker.com/2018/10/anthony-scaramucci-is-the-new-geoffrey-the-giraffe/
Meanwhile, Pucillo moving out of the Telluride valley? Say what?
For Sale $6,500,00 https://www.realtor.com/realestateandhomes-detail/290-S-Townsend-St-Units-1-2_Telluride_CO_81435_M10423-77494#photo0
Bought $7,500,000 http://www.russo-group.com/PDF/REVISEDLuxuryBrochure-607SBeach.pdf
But, but, wait - Isn't it good that Pucillo just joined the Colorado charity fund board for the Telluride Foundation? Or, is Chris Pucillo lending the good people some money (yikes). Welcome New Board Member, Chris Pucillo. Maybe it will be free 5G internet service using FiberTower spectrum?
"We supply the region with the resources necessary to improve the quality of life and meet the challenges of today and tomorrow. While Telluride connects us to nature with exceptional sights and activities, the Foundation connects the entire region to create a tight-knit community. If you share our passion for this place we all call home, you’re in good company."
Telluride metropolis webcam:
Here's the full chart, also read page 2. Not every name is listed if the holding was less than 5%.
https://wireless2.fcc.gov/UlsEntry/attachments/attachmentViewRD.jsp;ATTACHMENTS=YnjcbfBLsT26gkm54vh83Jh9BdQT6kjRxc5Xzf9kRQQpn1H6ljwD!752924173!2017689482?applType=search&fileKey=4440039&attachmentKey=19275091&attachmentInd=applAttach
NOTE:
Looking forward to the national election results this week. If by some chance the U.S. Senate majority slips over to the Democrats, which isn't currently expected to happen but could be the result, then changes in leadership take place.
Senator Amy Klobuchar could become Chairwoman of an important oversight subcommittee: https://www.judiciary.senate.gov/about/subcommittees/subcommittee-on-antitrust-competition-policy-and-consumer-rights
Worse than we thought, found these older records today at the FCC. Appears Christopher Pucillo owned the following percentages of some notable companies including New FiberTower - had not noticed this record prior to today:
FiberTower 45.07% ownership (bricks and mortar)
FiberTower Spectrum Holding, LLC also 45.07% ownership
NextWave, 16.96% ownership (even though acquired by AT&T earlier)
TerreStar Corporation (trenched through Bankruptcy proceedings) 24.87%
Pucillo sure is a "lucky" investor year after year, somehow.
Had to make a new index card for this discovery: All this was taking place after the Bankruptcy Court issued it's stay on the licenses and reflects the Pucillo ownership status even while the FCC refused to transfer licenses, but allowed FiberTower to continue using the licenses under stay pending court appeal. So this shows how much of the company Pucillo held roughly around May 5, 2014 when the FCC issued Memorandum Opinion And Order DA 14-607standing firm on the licenses being revoked, but still held under a stay against the FCC. That was to change in 2015 at the Federal District Court ruling of remand.
http://wireless2.fcc.gov/ownerQryDetail/ownership-search-results-detail.htm?applId=7995538&viewAll=FRBDIH&reqPage=1&DIHROW=5&backpage=ownership-search-results-detail.htm&CFID=9654758&CFTOKEN=73712098&jsessionid=CW4DbppSz2xgxGXHG2PJ1rydQGS1J1hw2VTltSv3lSfTYT1MwFqv!-1831134072!1541283538473
Pucillo getting some heat lately, but due more ahead.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=3&cad=rja&uact=8&ved=0ahUKEwiZxJnSsaDeAhUMpYMKHU8CCmgQqQIIOCgAMAI&url=https%3A%2F%2Fwww.wsj.com%2Farticles%2Felizabeth-warren-takes-aim-at-firms-that-pulled-the-plug-on-toys-r-us-1539722991&usg=AOvVaw24OjykCHCR1G6zvPlxbvGr
How long before an axe falls on Solus? When it happens, it will come swift, sharp, and it will stick. Sadly but surely their reputation is reaching a larger audience - and that's bad news for Solus.
So sad really:
"Last week, dozens of former Toys “R” Us workers gathered in the lobby of Solus’s Manhattan office building urging the firm to kick in. Anne Marie Reinhart, a Toys “R” Us employee for 29 years, was among them. She said she was having trouble finding another job after being let go by the retailer.
“KKR and Bain have already committed $10 million a piece,” Ms. Reinhart said. “If we could get others on board like Solus and the other hedge funds, it would really help us all out.”
Not likely at all. But something will break eventually.
To make up for the shitty deal of $207M Pucillo Crime Inc with inside
information quickly jumped on STRP gravy train and made hundreds of
millions of dollars.
Pucillo- $230M
Sambergs (father & ugly son)- $265M
Thanks for the effort Sandpaints. I'd love to see these crooks get what they have earned.
Thanks Sanpaints for keeping us in the loop with what you can, if you think of way for us to share some documents let me know. If that means paying for a one month subscription so we can private message I'm game, just let me know.
If there are other avenues we can participate in, that helps shed light on the AT&T-Fibertower saga, drop a line.
thank you,
Worked hard, completed with one all night final report written.
Sent off to a group of active public interest anti-corruption lawyers based in Washington D.C., containing as complete an overview of investigative leads as I could find and research. They will have greater power and leverage on many of those items if they need to interview people or seek more documents.
Expect we may see some results showing up following the national elections.
Requested these lawyers share this report, however and where they see fit, with the DOJ, Federal Trade Commission antitrust division, and any Congressional contacts on a timely manner of their choice.
Came across a lot of new information we have not seen on this message board while putting together those index cards !!! and putting those items in order into a database, then wrote my report.
I won't post the report here. Seems like I was 'Doing Something' for quite a while, always have been and will continue.
Next up, following some news developments - there will be a meeting with Federal Trade Commission executives at a location 3 blocks from the White House on October 23rd, next Tuesday, to be attended by a lot of lawyers. I have nothing to do with that, just F.Y.I.
The sun is coming up today, I'll be sleeping. I will be away for awhile. No telling where that may be ahead.
Sandpaints say hello to DB Cooper while you are at it.
Also: I recall - Michael Cohen is scheduled next to return to court in December 2018, including further cooperation with ongoing investigations, to receive then his court sentencing. That may be influenced by how helpful he remains, but in total he is facing quite a few years to serve if he gets the maximum penalty on all the current charges.
New York Times request for Michael Cohen documents: PDF
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=2ahUKEwjbpcrX2ofeAhVyp4MKHb4RD68QFjAAegQIChAC&url=http%3A%2F%2Fwww.courthousenews.com%2Fwp-content%2Fuploads%2F2018%2F10%2FNYT-Cohen.pdf&usg=AOvVaw26rPSSnacldiIkGIhwl_F3
I have found the case charge files also and will followup posting those. Turns out that Michael Cohen was something of a second rate lawyer, in that I would not have imagined he would have been so reckless with his tax returns and banking loan applications - but he was apparently, and plead guilty.
Other surprise just reported today - Cohen has switched political party and has now registered himself as a Democrat after previously being listed as a Republican. Is that going to help him, doubtful?
Michael Cohen Case Charges:
https://www.documentcloud.org/documents/4779697-Michael-Cohen-Charging-Documents.html
Michael Cohen Plea Agreement
https://www.documentcloud.org/documents/4779528-Michael-Cohen-Plea-Agreement.html
Vuletini zero effort zero settlement. Thats how settlements work. You would think with 2.4 Million shares a little effort would be on order. I guess he is as dumb as he appears.
Hi rfarmer,
ScratchING my head here.. can you help me understand why the "settlement " for fbbt or fiber tower would only apply to helloyah and vulitini?
Would you not think all the common should have an opportunity for the settlement or was there a threshold number of shares a individual common shareholder must have in order to be considered for settlement, that I think you said in another post is no longer offered.
Thank you!
Helloyah and Vuletini should have taken the settlement.
Fiber Tower zealots-
The only thing you can do is try to give AT&T bad publicity.
$100k for a full page add in WSJ or NYT will get the attention of all
kinds of people, gov. officials and crazy lawyers.
66 members with multiple aliases x $1,515 = $100,000
Greetings FBBT Ihub Family.. as promised I sought council and council has rendered their opinion.
Below is regurgitation of my councils response to me:
The common shareholders are considered “old Equity”, this equity was wiped free and clear 4yrs ago by the plan to reorganize fibertower presented by the debtors. During this time there were several common shareholders who petitioned the court prior to the activation of the plan, but as we all know that petition failed.
The reorganization plan utilized a “debt for equity” process where in short the bondholders had first opportunity to exchange debt for equity and the equity was in form of new Fibertower shares. The common shareholders received zero equity because it was all consumed by the bondholders. Once all the equity in the new company was consumed all of the remaining debts were considered free and clear including common shareholders.
after the plan to reorganize the company was activated, bondholders controlled the company and petitioned the DC court to appeal the FCC ruling, it appears At&T was active then in regards to discussing a potential purchase of the reorganized company, but was hedging bets against the Fcc in DC court ruling. If the ruling went in favor of the FCC, no deal with ATT and the spectrum would be returned for resale.
Fahey and Levy who were present at the bankruptcy closing case, argued on behalf of the common shareholders but were subsequently denied standing as the judge referenced the enacted debtor’s reorganization plan, which left the common shareholder without standing as entity with zero equity.
-------------------
FatMojo -Personal opinion
So now having this information it is clear to me, the exstingqushing of the share was really the final blow to the common shareholders. Everything up to this point was a hope and prayer that some regulator agency or judge would question the process and dig deep enough to raise alarms. Fahey and Levy did their best (hats off to them), but the weight of the At&T fcc double team was too hard to overcome.. Since the DC courts ruled to allow the FCC and fibertower to come to an agreement (al-la FCC reconsiders your rules for determining build out requirements and proof of substantial service, wink wink find a buyer), At&t came in as mediator between to 2 offering to utilize the spectrum remaining to the fullest by purchasing fibertower for equity and debt..thus why the the 270mil or so purchase price seems low, but actually may be the actual purchase since it was so far before Verizons 2billion purchase.
So it appears from the personal legal route we have no claim, but I’m open to alternative thinking on the matter.
Hi, well it's been 2 and half weeks, I reached out to the lawyer yesterday for an update. He stated he would have his summary of findings to me in a day or 2.
Hear anything back Mojo ?? Im shocked that with the over abundance of lawyers here in the good ole USA there are so few willing to take a good look at this. Guess they all want the easy plea bargain $$$. Thanks for stepping up Mojo.
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