To thyself be true
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This is the paper I got it from didn't copy everything, the sentense is in red.
Approval of Sale: On March 19, 2009, the Court approved the sale of the Debtors' assets.
General Information: On October 17, 2008, each of the Debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code"). The three cases were assigned the case numbers listed below (collectively, the "Bankruptcy Cases") and are jointly administered under Case No. 08-12412. The Bankruptcy Cases are pending before the Honorable Peter J. Walsh in the United States Bankruptcy Court for the District of Delaware.
Worldspace Sale To Yenura Called Off
Law360, New York (August 31, 2009) -- Bankrupt satellite radio company Worldspace Inc. has announced that its deal to sell its assets to Yenura Pte. Ltd. is off now that its debtor-in-possession lenders have thrown in the towel.
Worldspace said Friday that the DIP lenders exercised their right to terminate the purchase agreement after Yenura defaulted on payments and failed to remedy the defaults within the applicable cure...
Full Description
Worldspace, Inc. has established an operational satellite-based digital radio system, commonly known as Digital Audio Radio Service (DARS) and is a licensed DARS provider outside of North America, South Korea and Japan. The Company’s operational system consists of four main elements: two geostationary satellites, AfriStar and AsiaStar; the associated ground systems that provide content to and control satellites; a terrestrial repeater network to be built out in each of the Company’s target jurisdictions, commencing in Italy, in order to facilitate a mobile service; and the receivers owned by customers. Each of the Company’s satellites can service three large geographic areas through three beams capable of carrying up to 50-60 channels each, based upon the waveform and other changes the Company is making in implementing its European technology. In October 2008, WorldSpace, Inc., along with its United States subsidiaries, WorldSpace Systems Corporation and AfriSpace, Inc., filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court in Delaware. WorldSpace will continue to operate its business and manage its assets as a debtor-in-possession.
Worldspace offers a subscription package for non-mobile services in India, a subscription package for non-mobile services in Africa and the Middle East and a package for non-mobile services targeted to English-speaking expatriates living throughout the Company’s current broadcast area. As of December 31, 2007, Worldspace had more than 174,000 paying subscribers, including approximately 163,000 subscribers in India, and over 11,000 subscribers in the rest of the world, including Europe, the Middle East, and Africa. The Company has ceased, however, traditional marketing and promotional activities for its non-mobile services in these areas.
Programming and Content
The Company’s content seeks to be a key differentiating factor in attracting subscribers and increasing its subscription revenue. Overall, Worldspace broadcasts a total of 90 separate digital channels, delivering music and multilingual news, sports, information and data. As of December 31, 2007, 39 channels are provided by international, national and regional third parties and 35 are WorldSpace-branded channels produced by the Company, or by third parties uniquely for the Company. The balance is data and First Voice channels. The northwest beam of the Company’s AsiaStar satellite offers 45 channels to its primary market of India. Some of its channels are available free-to-air, but require subscription service. The other two beams on the AsiaStar satellite are configured to broadcast in China and Southeast Asia. The Company’s AfriStar satellite offers 59 channels, most of which are available on two of the three beams, the west beam having been substantially cleared for testing preliminary to the launch of its mobile service in Italy. The programs offered on these channels are broadcast into Africa, the Mediterranean basin countries, the Middle East and parts of Europe.
Receivers and Multimedia and Data Devices
WorldSpace has developed for Europe and other markets a satellite-terrestrial broadcast technology based on the Satellite Digital Radio (SDR) standard approved in September 2006 by the European Telecommunications Standards Institute (ETSI). This waveform uses error correction codes (turbo-codes) together with highly adaptable time interleavers. In addition, the product implements a flexible modulation scheme that addresses low-power and high-power satellites. WorldSpace has entered into a contract with the Fraunhofer Institute (Germany) for the development of an SDR receiver reference design. WorldSpace has concluded agreements with ST Microelectronics, a chipset development company, and Delphi Corporation, a satellite radio system developer to develop the ETSI chip-set, original equipment manufacturer (OEM) and After-Market products for Europe.
WorldSpace has concluded an agreement with Delphi Corporation, a satellite radio receiver product developer, to develop the after-market products for Europe. The first such agreement to develop two generations of the first after-market SDR receiver was signed with Delphi in January 2008. In addition, WorldSpace and Delphi are in the final stages of negotiating the development agreement for the first generation OEM receiver implementing the ETSI Technology. After WorldSpace obtained a license to build and operate the first L-band satellite radio repeater network in Italy, WorldSpace signed an agreement with Telecom Italia to design and deploy the terrestrial repeater network throughout Italy for the launch of its first service in Europe.
The WorldSpace System
The Company’s system is a complete digital audio, data and multimedia system comprising three components: the space segment, the ground segment, which includes satellite control, content uplinking and terrestrial repeaters (when the Company completes the repeater network installation in Italy), and the user segment. The space segment is designed to cover most of the geographical areas of the world (except North America and Australia) using three geostationary satellites. Two of the satellites, AsiaStar and AfriStar and their associated ground control systems, are providing operational services to Asia, all of the Middle East and Africa, and parts of Europe.
In addition, the Company has a fully assembled satellite in storage and the long lead parts for another.
The satellites are designed to provide digital audio, multimedia and data broadcasting to small fixed and portable L-band receivers in their line of sight anywhere in their broadcast coverage area.
Approval of Sale: On March 19, 2009, the Court approved the sale of the Debtors' assets.
Please click here to review the Order Approving the Sale.
General Information: On October 17, 2008, each of the Debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code"). The three cases were assigned the case numbers listed below (collectively, the "Bankruptcy Cases") and are jointly administered under Case No. 08-12412. The Bankruptcy Cases are pending before the Honorable Peter J. Walsh in the United States Bankruptcy Court for the District of Delaware.
They have one fully assembled sat. and another ready to go according to the papers.
.....the Company has a fully assembled satellite in storage and the long lead parts for another. ....
Yes you are right on. It keeps SIRI churning, people say even bad publicity is good.....;o}
Wow that sure is different. I study astronomy as well as astrology and the Matthews article, if true, would have been on every news channels, because SiriusXM is not the only sat. that is up there, there are hundreds. This article makes sense.
This was in the March 19-09 BK-papers, thought it was interesting.
..........WorldSpace has concluded an agreement with Delphi Corporation, a satellite radio receiver product developer, to develop the after-market products for Europe. The first such agreement to develop two generations of the first after-market SDR receiver was signed with Delphi in January 2008. In addition, WorldSpace and Delphi are in the final stages of negotiating the development agreement for the first generation OEM receiver implementing the ETSI Technology. After WorldSpace obtained a license to build and operate the first L-band satellite radio repeater network in Italy, WorldSpace signed an agreement with Telecom Italia to design and deploy the terrestrial repeater network throughout Italy for the launch of its first service in Europe.
The WorldSpace System
The Company’s system is a complete digital audio, data and multimedia system comprising three components: the space segment, the ground segment, which includes satellite control, content uplinking and terrestrial repeaters (when the Company completes the repeater network installation in Italy), and the user segment. The space segment is designed to cover most of the geographical areas of the world (except North America and Australia) using three geostationary satellites. Two of the satellites, AsiaStar and AfriStar and their associated ground control systems, are providing operational services to Asia, all of the Middle East and Africa, and parts of Europe. In addition, the Company has a fully assembled satellite in storage and the long lead parts for another. The satellites are designed to provide digital audio, multimedia and data broadcasting to small fixed and portable L-band receivers in their line of sight anywhere in their broadcast coverage area.
Happy Birthday magnumbp yesterday....;o}
Yup, Malone plays chess and is a master...lol
I still believe the BIG picture for Liberty is Bandwidth. He wants to collect free cash once it is set up. Nice business if you can get it.
See what is going on in other places:
ALL ABOUT BANDWIDTH:
AT&T just set the bar with how its going to charge for bandwidth. 2Gigs/month of data bandwidth for its high-end new plans. This will spread to other carriers as well, as they ALL look for ways to "slow down" the data-intensive junkies out there. Verizon will be forced into this as well as soon as more data-intensive devices end up on its networks
Okidoki....eom
I was looking for it in Walgreens and was disapointed they didn't have any.
Actually it is not that late here on the west coast and people often can't concentrate on shopping during the hectic day time hour. I am one of those...lol
The time slots for the infomercials are great. The Ionic Bulb is in the same time slot as the Slap Chop and that thing has sold some 10 million units. People are up at all hours and the night owls buy stuff.. ZVTK will sell these bulbs people and when they hit WalMart and CVS (per article) who knows how high it goes.
Been in other stocks were Malone has been the player and one thing about him he is a future thinker (not sure if that is proper English). He thinks like a chess player. He might have a better idea on the horizon. If he really wanted WRSPQ he could swollow WRSPQ whole....lol Unfortunately it may not bode well for us, but really don't know. If it was really important to him I don't see him dropping the ball. JMHO
This might not mean anything, but will mention it here. Either it is just funny or it could mean something.
Had a dream about ZVTK that they were on the news (usually I don't remember my dreams so clearly), the reason they were on the news was because something happened that was news worthy and in my dream I thought that was so unusual for a pinkie to even be mentioned on a mainstream news report. Own 2 pinkie stocks and of course it could be the other pinkie (RNWF). Remember the announcer had a blue shirt on he was dark haired and young. They say if a dream is very clear and you remember it without having to write it down it is psychic. I had one once before about a slot machine that had my name written all over it and within one and a half month won over 80k. Weird stuff I know. Nice dream anyway....lol
turbodog-Great post, you find good ones. Foxy finds good ones too.....:o}
Notice this in post from 2007
Diet Coffee, Inc., through its wholly owned subsidiary, Zevotek, Inc.
plans to market and sell independently a range of distinct and independent
lines of home care and household products. In May 2007, the company entered
into a license agreement to sell an energy saving compact fluorescent light
bulb named the Ionic Bulb. The company plans to market the Ionic Bulb
through TV infomercials, catalogs, magazines and major U.S. retail and
specialty stores and the website http://www.newionicbulb.com/
http://www.zevo-tek.com/
Well at least it is a cleaned up shell, which is worth something to someone. I know I took a big gamble. I didn't invest much at all here as opposed to the way I did in Siri.
I was in Siri in 2001 and made money then, so when I became aware how cheap it was went for it......lol Not much thinking behind it, could have been a disaster for me. Happily it wasn't.....:o}
I was crazy to buy into SIRI at .17-.19 cents, (right before Malone stepped in with a $520 Million loan). Actually put in the order at .11 cents, but my money direct didn't go direct into my Scottrade account. Finally had to wire in the money to get the transaction. Didn't know that Malone was going to do that, felt totally crazy.....lol. Now it feels great of course.....:o}
This might not mean anything, but will mention it here. Either it is just funny or it could mean something.
Had a dream about RNWF that they were on the news (usually I don't remember my dreams so clearly), the reason they were on the news was because something happened that was news worthy and in my dream I thought that was so unusual for a pinkie to even be mentioned on a mainstream news report. Own 3 stocks and of course it could be the other pinkie. Remember the announcer had a blue shirt on he was dark haired and young. They say if a dream is very clear and you remember it without having to write it down it is psychic. I had one once before about a slotmachine and within one and a half month won over 80k. Weird stuff I know. Nice dream anyway....lol
That makes sense, hope you are right. EOM
Dec 2nd 2009 it did that is when I bought..lol
Boy/girl it is complicated, amazing you can make heads or tails out of all those pages.
Now with Liberty practically out of the picture, I am just being creative here. Could he have struck up with the buyer an agreement of some kind (going global in some fashion) and that way he didn't have to get involved with WRSPQ himself? He seems to be a big deal maker if he can't buy something outright. Thinking out loud....lol
Girls too..lol Aren't we the unsecured creditors, not sure where we fit in the picture?
.....while still providing a possibility of a return to unsecured
creditors.
Wonder if they do have an alternative buyer, why else put it in the doc.
....should the Debtors close a sale with an alternative buyer;
Nice letter from Martha Stewart. Now Oprah...lol
You are funny, but smart nevertheless..;o} Thanks!!!
Thank you NY73, you have patience and smartness. I never can understand those court papers. I think they do it on purpose....lol
I'll try tomorrow then
Wow sounds great...:o} I should send one to QVC or HSN they like stuff like this.
Also Howard Clark on Headline News Saturdays.
Put it under general (household). Unfortunately the flippers won't put the effort in, but that is expected in the Pinkies........:O}
Lol, yes I tried to outsmart them to no avail....;o}
It takes 30 days until you can post again. I think they go by your email account. Tried to post another time twice an ad and it didn't matter that I changed everything about the words, pictures etc...
Someone else will have to do it in Orlando.
Can't post in Orlando. Craigs list won't let you post twice, even in different places.
I'll do it in Orlando too.
It is In large capital the heading.
Las Vegas-Ionic Bulb w/ air-purifying microchip.
Also added 2 pictures (the small ones).
http://lasvegas.craigslist.org/for/
Date: 2010-06-02, 4:53PM PDT
Reply to: see below
Going GREEN with the New Ionic Light Bulb.
A single bulb works in a 100 square foot area eliminating:
• Dust
• Pollen
• Pet Dander
• Odors
• Allergens
• Smoke
• Airborne Viruses
News Article from the Chicago Tribune. This is about a very nifty new product called the "New Ionic Bulb" sold by ZEVOTEK.
Website is www.newionicbulb.com.
Bulb cleans as it greens
June 01, 2010| By Heidi Stevens, Tribune newspapers If you still haven't made the switch from standard light bulbs, a new product promises a tempting new feature that may get you to toss — er, recycle those old incandescents once and for all.
The Ionic Bulb is a compact fluorescent bulb with a built-in air-purifying microchip designed to remove dust, pet dander, smoke, odors and bacteria from the air. Sounds Earth-friendly. But how on earth does it do all that?
"The purifier is activated by the energy from the bulb when the light is switched on," Annette Hunter, spokeswoman for Ionic Bulb, told us. "The microchip in the bulb emits negative ions that attach themselves to pollutants in the air. It works similarly to the effect of waterfalls and rain in cleaning the air — it's not the water that washes away dirty air particles, it's the negative ions that stabilize and clean the air."
"There is no filter that needs to be cleaned or replaced within the bulb," Hunter said. "The bulb just needs to be replaced when its life has ended."
Because compact fluorescent bulbs contain a small amount of mercury, you shouldn't toss them in your household garbage when they burn out. To keep the mercury from leaking out in a landfill, find a hazardous household waste collection site near your home. The Web site earth911.com lets you search for disposal options by ZIP code. Ikea stores also collect used CFLs.
The Ionic Bulb, which is 23 watts, gives off an equivalent amount of light as a standard 100-watt incandescent bulb but uses only 25 percent of the electricity. It also lasts about 10 times longer (10,000 hours) than a traditional bulb. Bulbs can be purchased for $19.99 for a set of two at newionicbulb.com.
• Location: newionicbulb.com
• it's NOT ok to contact this poster with services or other commercial interests
PostingID: 1772314581
I had the same experience and the shipping charges were prohibitive. I also called them and told them their site should be checked by a company employee so they can themselves see what we customers come across on their website.
I made many runthroughs of my own site before I published it. I would like to see them have PayPal also especially for foreign customers.
I like your post will post it on Craigs list in Las Vegas. Sending it to all my customers and friends via email.
I don't know if this has anything to do with WRSPQ.
ONDAS Media in Spain, (talks a lot about SIRI) has been aligning its interest with several strategic partners and will be announcing these shortly.
http://www.ondasmedia.com/
Have a safe trip. Let's hope you find some good news when you check in........;o}.