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Contact AT&T Investor Relations:
I would suggest mentioning the $27M payment, asking about the particulars of the Fibertower Deal, When they plan to close, when they plan to be able to use the spectrum, any risks associated with the former unsecured creditors and common shareholders of Fibertower.
Do they plan on making a press release based on the Friday release by the FCC of The Settlement Agreement?
Raise the issue that the Bankruptcy Case was never closed out and how do they plan to minimize any risks associated with the BK Case getting held up.
I am shooting from the hip but asking these types of questions are legitimate and they should be able to answer some of them.
Remember The CFO earlier in 2017 mentioned in a conference that they wanted to close out the Fibertower Deal in a "Respectful" Manner.
AT&T and The FCC are calling the shots at this point.
Who wrote the checks on behalf of Fibertower back to the FCC?
AT&T Investor Relations Contacts:
https://investors.att.com/resources/contacts#institutional-investors
You are all probably shareholders in AT&T either directly or through one of your mututal funds. I would suggest a start with emails to Mike Viola and Jamie Anderson as to the particulars of the Fibertower deal and if original shareholders are going to receive some compensation.
They also have their annual/Q4 release of earnings this Wed Jan 31st.
Lots of talk on this message board but is anyone speaking with an attorney or prepared to file something with the BK courts if necessary?
How many of you have actually spoken with an attorney?
I did a while back and it was $2K for an initial 4-5 hour discovery and an estimate of $100K to take on the case.
They didn't think I had a snowball's chance in hell but were more than willing to cash my checks. At least they told me that.
Basically I think they operated from the assumption that the BK case was so far into it that shareholders had no shot simply based on historical results.
$100K wasn’t in the cards for me and that is a moot point considering where we stand today.
When it came time to be heard by the FCC there were only 2 quality submissions from shareholders. The rest were half ass garbage.
I don't think any of you have ever mentioned your discussions with an attorney. Not trying to shoot flaming arrows but you all seem to chat it up but when given the opportunity assume someone else is going to do it.
If by chance they are shutting out shareholders then people will need to move quick and put some effort in. I don't think that is going to happen but the chance is still in the cards.
I do believe it is ATT and FCC steering the ship now and ATT pays for guarantees and assurances and I am assuming the remaining 500 or so 39 ghz licenses waiting in the wings fits nicely into their urban/suburban plans for 5G.
We all have the time now at the very least to send off some emails and make some phone calls. I suggest you start with ATT Investor relations as they are part of this settlement agreement and are cutting a $27M check to the FCC.
Outstanding summary DD. Kudos to you and Sandpaints. I combed over that legal analysis which should be the golden ticket for shareholders to get into Willy Wonkas Kingdom.
There is value in good open dialogue. I too find Condoe and Sandpaints somewhat cryptic but Condoe assisted us with reading documents and finding some good gems in the court case. I think Sandpaints reads too much into things and sometimes has a tinfoil hat on. But he does provide a lot of solid value and excellent links. AT&T has to be salivating to get their hands on Fibertower's licenses because if the FCC takes much longer they will fall behind Verizon's aggressive push into 5G. Surprised none of you guys caught this one:
What Verizon might do with its $17B tax windfall
https://www.fiercewireless.com/wireless/what-verizon-might-do-its-17b-tax-windfall
I think both Verizon and ATT want 5G and they want to push it very aggressively. It would be a cable killer and Sprint and T-Mobile would be left in the dust.
That is my last message. Take care folks and good luck.
If is ATT stock then it will be transferred to your account. If it was actual stock certificate a briefcase would be far too large and it would simply be Fed Ex or UPS in a single envelope to your address. I thought we were talking about large stacks of cash. I figured you had an image in your mind of some folks behind closed doors stacking up bundles and bundles of cash. If you were thinking that way I was wondering how you thought they would deliver it to you?
In a briefcase?
A cloth sack with a big "$" sign on it?
A treasure chest?
A duffel bag?
A brown paper bag?
As long as you are bordering on the ridiculous with your analysis I figured I would jump in. When you say PhoneCzar is that in reference to rotary phones? Push Button? or Pay Phones?
New Ex Parte under Fibertower FCC Submission from T-Mobile. Nothing earth shattering or different from what they have already brought up about ATT/Fibertower. Simple mention of acutioning off Fibertower Spectrum to other players and opening up more bands.
They are still counting up your stacks of cash. Maybe they will put in in a cloth sack for you with a large "$" on it. Or maybe a briefcase...a duffel bag.....a map to a pirates chest where X marks the spot?
Thanks for the advice Tommy V. But like I said I am not Farmer and you are not too swift. Have a good weekend Tom.
$100 - So much cheddar coming our way!!!
Super Fly coming for the cash! Can you hear me knocking?
SuperFly is Gonna Run out of Posts for Today!
SuperFly is Gonna Get Paid!
$100!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Super is Fly!!!
I want $100 per share!!!
Probably. He seemed to enjoy smacking you around pretty good.
He is gone. The $40 to $100 per share club is here. Don't take less than $100 per share. Company and spectrum is easily worth $5 Billion Dollars.
Do you think the cash will be sent to us in $20s or $100s?
Don't settle for less than $100 per share.
The only thing that is going to put this in the end zone for the common shareholders is what Wireless, Farmer, and SandPants have been saying all along. AT&T and the FCC want this done and want 5G to flourish. AT&T needs the spectrum Free and Clear and needs to satisfy any parties that would have a potential recourse and can foul things up for them. FCC gets a piece, Bondholders get a piece, Unsecured get trued up, and Common get a piece.
Sure the Bankruptcy Court did such a wonderful job the first go around.
It just seems like a lot of locker room talk here but when given the chance to step up to the plate a lot of you whiffed. Many people discussing here but only a couple guys seemed to know what they were talking about when turning in documents to the FCC.
But I am concerned that you didn't submit anything to the FCC when given the opportunity. I am at fault but am an amateur and don't own many shares but it concerns me that there are so many people posting and discussing here but I only saw two quality people submitting their arguments to the FCC. At least only two people who put the time in and submitted quality.
Hey Cellardwellar, did you submit something to the FCC voicing your concerns?
Board is getting contentious. Relax we are all going to get paid within the next 6 months or so.
So are we close to the end zone? Pai appears to be cleaning house. I always liked Rosenworcel who is a dem and got nominated again but she always seemed more pragmatic. Wheeler, Clyburn, and Milkman were like puppy dogs for Obama. Kept a leash on the big players and milked them for whatever they could for votes. I knew once Trump got elected, Wheeler a goner but once Pai was in there along with NPRM then it was game on for Fibertower and the common making some scratch.
He is alright, been posting here for a while and has put the pieces of the puzzle together for me. The best posters here are Sandpants, Codesilver, Wireless, and Farmer. He may be a little tough for you to follow as he is sporadic. I guess a blind squirrel finds a nut every once in a while. I just hope this gets all settled in 2017.
Farmer don't be such a downer. You are probably right but straighpath gives us thoughts of $40 per share, lots of booze, strippers, and good times. So I want $40
I thought the same thing but you discredit yourself when you go off the rails on folks. I agree with you on the timeline of events but like others I am hoping for the best. What I found interesting is that you have all of these posters and none bothered to write into the FCC including myself. Sandpaints for all of his quality posts was just lame. Best posters on here are:
Wireless Man
Sandpaints
Codesilver
Rfarmer...yes you when you are your meds!!!
Condoe is too confusing most of the time
There are some other posts here and there but the first three are the guys to watch when you see postings.
Condoe $1.1 Billion split with commone shareholders. Yeah that is your stake in the ground. You talk out of both sides of your mouth so I will listen to the one that talkes profits for the commons shareholder.
The board is popping tonight. In my opinion the shareholders walk away with a decent amount as everyone(FCC, FTWR, and ATT) wants to push this through as quickly as possible and be done with it. You think Fibertower will contest much if the shareholders get a decent cut. You think they want the stage set for them as Fraudsters? The FCC in my opinion has been made a fool of by StraightPath. The FCC and the taxpayers should have gotten nearly all of StraightPath but for expediency the FCC gave them a year and didn't want it to go legal. Straightpath committed fraud on the FCC and the American Public with their falsified substantial service showings. Hell why didn't Fibertower do the same as they would have gotten away with it. But had Fibertower done that maybe the shareholders wouldnt have been in the mix now in 2017. What a poker game folks but I think Condoe is right and I hope so as the shareholders(Debtors too as they bougt up the common, Pucillo and Samberg you sly dogs...I see you)will clean up in the end as the FCC and ATT want this to be a lauching pad for 5G baby!!!!!!
Timeline:
During BK hearing from 2012 to early 2014 Stock Traded mainly from $.02 to $.05
September 27th 2013 Debtors File Plan that includes Thomas Scott Lidquidation Analysis(The one valuing the company including all Spectrum at $4 to $5M, Cash $33.75M. Total recovery at $38 to $39M)
January 8th 2014 Unsecured Creditor file document quesitoning the debtors lowball valuation
January 13th 2014 Debtors file document questioning and trying to pick apart the Unsecured Creditors questioning of the Debtors Lidquidation Analyis.
March 25th 2014 Judge ruled Spectrum in Question with FCC part of Pre-Effective Date Estate.
April 7th 2014 Stock ceased trading and shares expired.
The only solid valuation done on anything which is self apparent is the actual cash the debtors extracted of $33.75M
AT&T had to have everything lined up. FCC wont let them get it for nothing.
Condoe, you are all over the map. One minute you are sending desparate pleas to Ajit Pai the next minute it's all Cake and Ice Cream. Can't figure you out.
Hypothetical:
Lets say ATT paid $300M for everything.
Does it kick back to the bankruptcy court and would they simply true up the noteholders their $100 Million, true up the unsecured creditors their $5M, and then there is $195 Million left for the common shares?
Do the noteholders argue that they pushed this through and are entitled to far more than the $100M?
Anyone have any solid insight into what will actually transpire? I just hope the noteholders overlap with plenty of common so they were incentivized to drive the price high to AT&T. I also think AT&T already knows that they have this in the bag with the FCC considering the FCC used kid gloves with StraightPath who essentially committed fraud while Fibertower tried to work every step of the way with the FCC.
Don't you think those very same bondholders held a lot of the common shares as well? Keep in mind the bondholders tried to walk off with the entire company including the licenses in question but the BK judge said not on his watch.
Terms not announced but I bet they want the full boatload of 24/39 ghz spectrum. FCC would love to see that spectrum in AT&T's hands as they have the bankroll to put it to use. That is what this board was saying forever. A deal with the FCC by the acquirer to buyout Fibertower and get their hands on the spectrum in question.