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I have a little reading to do here, but nothing is set in stone. Many people think there is still life here, there isn't a 'no bid'.
If this starts to go through, again, there will be major interference in the FCC timeline. If anyone is versed about proceedings, how many times can any stakeholder put up a road block to proceedings?
Moreover, with CV, how quickly can the courts actually sort it out?
Man, whatever makes you feel good and helps you sleep at night. I'm hoping the BK helps reduce I's debt while not costing me my shares. But I am, unlike you, are under no delusion that Tepper didn't push for this. A simple googling of the key words "dave tepper recommends intelsat bankruptcy" should be enough to cover my position on this matter... mister.
All that said, my hopes are that they will have made their point and drop the BK once they've achieved their goal.
As for all the bagholders reading this thread, good luck. I hope we see some roi sooner than later.
This ticker is now converting from common stock to massive dilution death drop due to recent filings. They are bringing several dump trucks loading up all of our cash. GLTU
Do your DD Mister...you don't make money by reading "Space News' articles...you make money by reading 13-G and other SEC Filings...
Appoloossa sees it as a strategy. How Tepper protects their stake will definitely be different than the way we'll need to protect ours.
Did you open the link and read? Are you saying SpaceNews has it wrong?
LOD .33, .50 last I checked. How's your "investment" going?
Are you telling me Tepper is asking for zeroing of his 4.5%+ stock position in the company. Really??? Tepper is prbably looking at an easy 10 -20-bagger with his investment. He bought his positions well north of $2.5+PPS.
Where's KeeKee? Would like to hear their spin right now. Btw, I am indeed a bag holder and will gladly join any lawsuit if/when they eliminate my shares. Feel free to update me if anyone else intends to do the same.
Trading resumes now !!!
Buy Buy Buy ( or am I wrong and stupid yet ? ) You Decide .
I don't know..BUT Right now, I can envison that David Tepper's lawyers & Cyrus Cap Mgmt Lawyers sending Objection letters to the BK Court about this Fraudulent "BK Filing" from Intelsat...
Halt until when ?
THis "SHAM BK" is nothing BUT a BRAZEN, CRIMINAL Attempt by the Executive Management tp "Pocket ALL Profits' for Themslelves and "Stiff the Equity Holders" of the Company with "The LOSSES".. Any BK Judge will SEE RIGHT TROUGH this BRAZEN FRAUD.. The Executive Management & the BOD'Deliberately' Abdicated their "Fiduciary Duty" to their own Shareholders through their BRAZENLY, FRAUDULENT Actions... We will Demand for an EC and we will Get it & then we'll Discover the BRAZEN CORRUPTION that went on Here...We'll get CONTROL of this Company from this "SCAM LEADERSHIP"...
Don't Sell off your Shares in Panic when stock open sup for trading... WE need to form a EC and wrset control of this Company because this "BK Filing" IS OUTRIGHT FRAUD... David Tepper is in it and Cyrus Capital is in it.. They know the FRAUD going on here..,There will be An "Equity Commission" and we'll hold the 'Exchanged NEW Equity" alongwith our Hedge Fund Buddies...This is what I did in WaMU.. This is like WaMu with "Insider Trading" & OUTRIGHT FRAUD by Intelsat Executive Mgmt written ALL Over IT. We'll ask for "Discovery" of this Fraud in the BK Court through our EC!
Why should Not the Company's Executive Team PUT iN JAIL for GOOD??? This is a SHAM B Filing.. They PE that controls Intelsat deliberately 'LOOTED" all the Profits of the company to pay themselves and offered this SHAM "Equity IPO" knowing all well that they will File "For BK" what with the $15B Debt they loaded Up... "COVID-19 Business Hit" Is a Damn LAME EXCUSE.. it is just PR Lies...
The Company expects that holders of shares of the Company’s common stock could experience a significant or complete loss on their investment, depending on the outcome of the Chapter 11 Cases.
Well, the shares are dropping, so your call options simply expires worthless when the underlying stock hits rock bottom; unless a miracle happens.
So my June $1 calls are toast?
Chapter 11 filed brethren
Nice knowing y’all
I don't understand this talk about the significance of tonight's possible bankruptcy decision either. They've been playing that card for weeks even with cash on hand; and are intentionally being silent to the investors. We'll have to see what they'll do about the debt on Friday. I got into this stock in the $1 range; and will definitely be holding until I'm either screwed by a bankruptcy, or rewarded by an amazing bounce and selling at $21+.
You could have written, 'Intelsat might file for Chapter 11 tonight' for the past few months by the way. Nothing to see here.
For all these DUMB MM trading, volume is only 8 million. No serious holder is selling
They may very well go bankrupt but it will be an interesting play on the assets. We will see.
The idiots and dumb Market Makers are using every trick to cover. Not sure how lucky they have gotten with big holders intact and new buyers loading. Digging more holes to crawl out from one. Dumb fools
That meeting is a good news for I !
This will see a double from here....at the least. Holding in multiple accounts....
what happen to today FCC meeting starting 10:30 am est til soon ?
Idiots still selling...This will be fun soon
Just a couple more days before the 30 day grace period for the bond payment is up.
It sounds like you’re saying everyone is “too excited” for cheap 1$ shares while proclaiming they’ll sell at 5,7,12,20+ per share like its “in the bag.” I catch your drift and still hope for those high numbers lol
If I compare to some other companies I have followed which are 'circling the drain' so to speak, case in point 'CBL Associates' is a mall REIT. They were in bad shape before CV, but they don't even remotely breathe the word of BK. What is the purpose of telegraphing BK this and that? Bloomberg law none the less pushing the same.
Trying to shuffle hedgies? BK talk might do the trick.
But most of me says, since when does the public get a real chance at 10,20,30 bags? Searching $I on twitter and I see guys gurgling, 'just show me the money $I to the moon' and I'm like, oh yeah, I'm going to lose my money as well...
Unfortunately the company hasn't exactly given anyone (FCC, Shareholders, Debt holders) any clear answers or direction.
https://advanced-television.com/2020/05/06/double-dilemma-for-intelsat/
https://spacenews.com/shareholder-urges-intelsat-to-avoid-defaulting-into-bankruptcy/
I continue to wonder which Market Makers are DUMBER: Intelsat or Aiki? Both MMs are stupendously DUMB...almost to the point of disgrace!
LMFAOO...someone just bough ten plus million and DUMB IDIOTS can't even sell two million. Loaded huge here!!!
Nice investment but likely chump change for them. Could be there version of a YOLO. I did buy some shares based on that 13f filing though.
"I" is heading for another rally to test the $1.54 resistance.
And here it is... Cyrus Capital Partners bought ~10M shares over last couple weeks 4/14-5/1.
The exact same thing happened last couple weeks. There was random algorithm trading keeping a tight range, then finally letting go here and there. I was asking tons of people what it means. It may well be selling.
It would appear that someone is not letting the PPS go below $1.25. Seen this price action on several days now, whenever it gets to this level, it flat lines at $1.25. Interesting, or maybe coincidence.
$I: This is a SOLID buy here at $1.36
Expect to see Restructuring plans come thru
https://investors.intelsat.com/static-files/5f186b4e-54b8-4edd-b86d-46bb7d12834b
GO $I
All those loads at $1 and $1.15 just two days ago....headed to $2.50 now! Rolling with Temper and fools selling
I was hoping for a little bit more of a nod about a specific deal, but at this point I think they are so entrenched into deals with cell companies that it's old news to him.
Now being part of the standards body, including SatCom with 5G standards, that is a whole new world of income possibilities. Intelsat is just so ripe for a buyout it's crazy. Can you imagine how FAST the courts would approve $I being purchased by $VZ ?
Funny question as well....who is going to purchase OneWeb assets? Is not Elon Musk doing exactly what OneWeb was going for? Seems like the only viable purchaser.
That is true enough. Though a caveat is that directors have to own 5x their compensation in shares within five years of becoming director. Something to that affect anyhow.
At this point, they have to play the hand in front of them and cash is plainly the better option.
They can revert back to stock offers at any time. Also, these guys already have three boat loads of stock options (though for higher prices, upwards of $3.00 etc.)
The soil feels better right now but I admit, not out of the water yet.
maybe directors elected to get paid in cash and NOT shares for the “appearance” of no confidence in “worthless” shares if u catch my drift
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