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That's including debt purchased from the original creditors. I'm quite certain the number is about that high I don't have a link right now I'm on work CPU but it can be easily totaled from the bankruptcy filings. I can provide more info later tonight.
Liberty took back the extra DIP, Liberty is owed 116M.
Yes I made a mistake with the info I received. I'd rather it deleted so its not misinterpreted as *new* news to someone who may make a decision based on my outdated info.
I meant delete the earlier message I posted with what seems to be outdated information, not this post...
Looks like I was wrong? Coulda swore new sat rad was liberty?...oh well sorry guys! Back to the wait.....
Pretty sure that's from today.....the article is broke up into many post but the date is 4-1-11 in europe they do the dates backwards which is why you see 1-4-11
AP: Wordspace exits Chapter 11 bankruptcy
APRIL FOOLS :D
RUH OH'
February 17, 2011 through March 16,2011:
$50,000.00
Only 50k in Feb-March......Well runith' dry?
edit: next document says something about a modification on terms to lazy to look now.
Hopefully the termination is part of the POR.
0
(c) Modifications to Material Agreements
Termination of the following agreements with XM Satellite Radio Inc. and XM Satellite Radio Holdings Inc. pursuant to the Payment, Termination and Release Agreement dated June 10, 2009:
· Satellite Radio Cooperation Agreement effective July 18, 2005;
· Registration Rights Agreement dated July 18, 2005;
· Common Stock Purchase Warrant dated July 18, 2005;
· WorldSpace Implementing Memorandum dated September 30, 2001, as amended; and
· Letter Agreement dated May 19, 1998 regarding CD Radio Patents.
(q) Waivers/Releases
Pursuant to a Payment, Termination and Release Agreement dated June 10, 2009, WorldSpace Systems Corporation and WorldSpace, Inc. agreed to release all claims against XM Satellite Radio Inc. and XM Satellite Radio Holdings Inc. arising from any omissions, acts or facts that occurred up to and including June 10, 2009, pursuant to the following agreements:
· Satellite Radio Cooperation Agreement effective July 18, 2005;
· Registration Rights Agreement dated July 18, 2005;
· Common Stock Purchase Warrant dated July 18, 2005;
· WorldSpace Implementing Memorandum dated September 30, 2001, as amended;
· Letter Agreement dated May 19, 1998 regarding CD Radio Patents; and
· Technology Licensing Agreement effective January 1, 1998, as amended.
Good point, you may be 100% right and I read it wrong. Obviously none of us are lawyers so things we may read which we may interpret as X may in all actually mean Y. I even took another look at the APA I also seen a few lines that stuck out as well emphasizing woldspace is still conducting there "ordinary course of the debtor’s business"......of course this is what the lawyers get payed the big bucks for we are just on the internet pretending\hoping we know what were talking about lol.
LOL I hear ya but if its nerve wracking you used to much $$ IMO. I admit it is wayyyyy drawn out already, patiently waiting.......
Interesting
Under certain limited circumstances, a debtor can undergo a change of ownership under a
chapter 11 plan and emerge without any section 382 limitation on its NOLs and built-in losses.
To qualify for this provision (contained in section 382(l)(5) of the IRC): (i) shareholders and
creditors of the company must end up owning at least 50 percent of the reorganized debtor’s
stock (by vote and value); (ii) shareholders and creditors must receive their minimum 50 percent
stock ownership in respect of their interests in and claims against the debtor; and (iii) stock
received by creditors can be counted toward the 50 percent test only if it is received in
satisfaction of debt that (a) had been held by the creditor for at least 18 months on the date of the
bankruptcy filing (i.e., was “old and cold”) or (b) arose in the ordinary course of the debtor’s
business and is held by the person who at all times held the beneficial interest in that
indebtedness. This “no limitation on future use of losses” result comes with two caveats: (i) the
available losses are first reduced for the amount of interest deductions taken in the three or more
years before emergence; and (ii) there can be no future ownership change within the two years
following emergence without completely eliminating the ability to use the NOLs.
Liberty got involved August/Sept 2009?................
Yea that's the one I'm talking about verizon bought teralink a few weeks ago......teralink bought that debt from another data company that that worldspace works or worked with
Yup any takers on doing some quick math? (Pretty much all the filings for the past few months have been monthly lawyer fees lol) The numbers don't lie so we can dream and speculate on x y and z realistic and far fetched situations but won't mean squat if the $ is drained.....
One of the smartest post seen here.......not that annoying to calculate either should be pretty simple I'd do it but on those dockets are blocked from my computer.
I think that was for an objection for the claim sold I forget the company's name the 2 data company's the one that verizon just bought.....
I think that's a typo Liberty owns a chunk of the secure debt not net operating losses (yet at least I hope) either way we all know the play by now and waiting (very) patiently :)
"one of our goals is to get more international" Greg Maffei
Credit Suisse Global Media and Communications Convergence Conference
At the end of the day the gamble hasn't changed. Super annoying the waiting but what can ya do.......
Read through them earlier didn't see anything of importance in them.
Wrong conf call.
http://biz.yahoo.com/cc/9/120109.html
Read my mind thank you.
Can some one post the direct document links?
Redact definition:
Removing text or images from an original document.
To cut out, white-out or black-out parts of a document.
In legal proceedings, this is generally justified for reasons of privilege.
Although relevant documents have to be disclosed between litigants, some documents, in whole or in part, may contains references, parts or elements which are not subject to disclosure.
An example might be a long, relevant document which has a few paragraphs which contains a summary of legal advice protected by the client-solicitor privilege, jeopardize state security or reveal the identity of a state informer. If practicable, the document should be disclosed but "redacted for privilege"; with the confidential portion blacked-out or whited-out or otherwise removed.
Other examples of information that might properly be redacted from a document prior to disclosure to the other side in a law suit, include trade secrets, confidential and non-relevant medical or psychological information.
Generally, the Courts prefer a party to redact segments of a document for privilege, as opposed to the complete nondisclosure of a document, as it fosters full disclosure.
Find you are constantly looking up definitions? Try our search provider (works in most modern browsers)
If you find an error or omission in Duhaime's Legal Dictionary, or if you have legal term suggestion, we'd love to hear from you!
Think it just means a copy of the transcript from the 15th?
Thanks
There's a new court document w deadlines as the headline can some one paste content or paste the direct link here so I can access thanks
I posted this sometime ago, as well as the sale of some of the french assets a much longer time ago. Its old news rehashed either way interesting.
Nope not me I bought a tiny bit this morning with some extra $ in my account looks like there's a little action today .......
Don't get excited that was me.
HA I LOVE it there for a destination to party I don't think I could last a month living there. I've been going every summer for the past several years. I'll be there for memorial day weekend hopefully this case will be over by then :P
I LOVE Vegas took about 7 trips last summer. FYI the joint is trying to foreclose themselves due to contractual issues and lease disagreements...have fun @ the HardRock I'll be there this summer can't wait
YUP. My friends its coming down to the wire and will be over soon we'll know our fate. The ONLY thing, and I mean ONLY thing that MATTERS right now is what comes out of of these settlements with these creditors. Everything else means what the technology does means SQUAT. I know some people here don't like to hear what I that, but that's the truth. We all are hanging on to the shot of a positive outcome here and the only way that happens is if these claims are settled. It sure is fun to speculate but we need to speculate on what keeps us alive here.
If any one knows anything about the Legal system especially Federal courts they are a slooooooooooooooooooooooooooooooooooooooooow turning wheel which is why I didn't really expect much yesterday. Its defiantly some what entertaining to follow it all unravel and play clue...........were all anxious we'll just have to be a bit more patient(if that's even humanly possible)
I'm assuming its the actual court transcript. The PDF's were just the sign in sheet for who attended the hearing (which wasn't really much of a hearing more of a agreement signing settlement). That should actually be what was actually said during the brief hearing.
JUDGE: HELLO
LAWYER: HELLO JUDGE
I'm in no position to call but if any one can should.
Request for Transcript of hearing held on 2/15/2011 received. To
obtain a copy of this transcript, contact J&J Court Transcribers,
the Court Reporter/Transcriber, Telephone number (609) 586-
2311. (JDH) (Entered: 02/16/2011)
Actually I can its the docket directory that blocks me. Thanks.