To thyself be true
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Malone won't give up the NOL's, if I am understanding this right.
MGTY1-Very interesting. Is this a new page?
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Vodafone Worldspace Radio
Back to Music
Enjoy 10 stations with the Vodafone Worldspace Radio on your mobile phone
Spread the good cheer around with some rib-tickling jokes! Browse through them for laughs, or directly forward them to your friends!
Listen to more than 1,00,000 songs on 10 stations. Choose from Bollywood hits to ghazals to regional music and much much more. We also have great shows lined up with some of the best RJs.
But that’s not it! Get music trivia on some of the greatest voices in Indian music –
Kishore Kumar, RD Burman, Lata Mangeshkar, KJ Yesudas, Bhupen Hazarika, Gurdass Mann and many more.
You can also listen to On-Demand Stations of your choice: romantic songs, dance hits, folk songs among others!
These are the 10 exclusive stations:
Farishta – Best of Bollywood!
Falak – The greatest ghazals!
Sonar – The best Bengali music ever!
Umang – All the flavours of Gujarat!
Surabhi – The best of Marathi music!
Tunak – The greatest Punjabi hits!
Sparsha – Legends of Kannada music!
Thenisai – The greatest hits in Tamil ever!
Spandana – Best Telugu classics!
Madhuri – Classics and latest Malayalam hits!
How to activate:
These are the three quick ways to activate:
Call 58000 (toll free)
SMS : sms ACT Wradio to 111 (toll free)
USSD: *514*580#
Charges:
Enjoy Worldspace Radio at Rs 30/month with 300 minutes of free usage
Note:
Currently Farishta, Falak, Sonar and Umang stations are live.
This service is available for Uttar Pradesh (East and West), Rajasthan, Haryana, Punjab, Mumbai, Bihar, Kerala, Tamil Nadu and Chennai Circles only
I liked this part..."which allows a change of ownership to reset the tax losses. This is a huge factor as we know John Malone is a tax guru and never met a tax break he didn't like."
LOL........
That is a spin I like......;o}
Here is the benefit of a "shell".
This only the part of the article that pertains to the clean shell situation.
Going public through a reverse merger (shell), this is an example.
Success, May, 1998 by Elaine Pofeldt
Who needs an IPO when you can buy a corporate shell and take your company public -- instantly?
Imagine how easy your life would be if you could simply flick a switch and raise all the money you needed to create the kind of high-growth business that would leave your competitors in the dust.
That's pretty much What Stephen Dresnick, M.D., did back in 1994. At the time, the Miami physician was running Sterling Healthcare, which staffed 44 hospital emergency rooms. Only seven years old, the company he'd founded was churning out $60 million a year in revenue. It was the perfect moment for him to branch out to more hospitals and begin purchasing some private medical practices. There was one catch: three rivals-had the same basic idea.
Dresnick knew that if he didn't raise big bucks quickly, they'd secure the best doctor's offices and emergency-room contracts before he had a chance. But he'd already exhausted his credit by borrowing to finance the company's growth. Looking for alternatives, he joined Young Presidents' Organization, a networking group for entrepreneurs. He began asking CEOs who'd gone public what advice they'd give someone who was thinking of doing the same.
One of them referred him to a lawyer who suggested a rapid-fire way to go public, called the reverse merger. It is a sort of friendly body-snatching operation wherein you buy the legal framework (known as a shell corporation, or shell) of a publicly traded corporation and have your attorney do all the paperwork necessary to merge your company into it, a process that takes you public. (It's called a reverse merger because you're backing your company into the other firm.)
Where do these shell companies come from? Sometimes people in the securities industry create them to sell to entrepreneurs for exactly this purpose. At other times an entrepreneur takes his company public, but the offering fails and he goes out of business; to recoup some of the money it cost him to go public, he'll sell the shell that remains.
Dresnick found that a reverse merger would have two major advantages for a company like his. To begin with, it was usually faster than the two more traditional ways in which entrepreneurial companies go public: the initial public offering (wherein a broker sells your stock to investors) and the direct public offering (wherein you sell shares directly to your customers). The second benefit was that because the shell corporation was already registered with the Securities and Exchange Commission, he could leapfrog most of the application process that slows down IPOs and DPOs. The beauty part was that when it was all done he'd gain the same advantages any other public corporation had, namely, the ability to use shares of his company as currency to buy other businesses.
On his lawyer's advice, Dresnick began shopping for a "clean shell" -- one that didn't come with baggage like lawsuits left over from the previous owner or shares that were sold to people who couldn't be accounted for and who could, conceivably, sell their stock without warning and drive down the price. Asking around in the business community, he found a shell corporation where someone he knew sat on the board of directors.
After his lawyer checked out all the paperwork on the shell, Dresnick took Sterling Healthcare public on the OTC bulletin board in a reverse merger in 1994, later moving up to the more stringent and prestigious American Stock Exchange. Over the next two years, the company signed contracts with 160 other emergency rooms and bought up 10 medical practices. By 1996 it had $136 million in revenue. Ultimately Dresnick's company was itself gobbled up by another competitor, FPA Medical Management in San Diego. Sterling received $220 million for its share. "I never thought it would be quite as big as it became," Dresnick says today
Doing a reverse merger can be the perfect strategy for a company, like Dresnick's, that needs to go public rapidly and is looking for some currency other than cash, usually to enable it to buy up other businesses, says Nancy Cass, an attorney specializing in securities law and a partner in Cass & Graham in Tampa, Fla. But -- and it's a big but -- they're not for everyone.
Although they're less costly than an IPO, which can run you $1 million, they're still costly. You'll need to allot between $75,000 and $250,000 in fees to the person who sells you a shell and puts your deal together, plus 5 to 30 percent of the value of the public company that the shell corporation holds, say securities-industry sources. And the price may go even higher if the shell comes with money in it, has kept its SEC paperwork up to date, or has a large percentage of shares available for you to control (ones not already owned by existing stockholders). That's not even counting what you'll pay your lawyer, accountant, and printer. According to Cass, the total tab puts the reverse merger outside the scope of companies with profits of less than $250 million, since such businesses usually can't cover the costs of being a public company
But there's another, more serious consideration -- a dark side to the shell game. If you should be so unfortunate as to buy your shell from the wrong people or simply buy the wrong kind of shell, the results could be disastrous -- to wit, your formerly prosperous company could be reduced to a pile of smoking rubble. And there's no end to unscrupulous characters, ranging from investment bankers to consultants, business brokers, and lawyers, who would like nothing better than to help you destroy yourself.
Here is a interesting article:
QUOTE:"Ruling paves way for TerreStar to emerge from bankruptcy"
http://www.reuters.com/article/2011/07/07/terrestar-confirmation-idUSN1E7651W420110707?feedType=RSS&feedName=bondsNews&rpc=43
They are going to remain an operating company coming out of bankruptcy with no debt and with $100-200million in the bank. What more could you ask for?
150million o/s, currently 0.04 a share...
They changed to another symbol and they are still in business and they are here on iHUB, I don't remember how much I made, but they reversed split because they had billions of shares so that way I lost. We don't have that problem, our might have to forward split, which would be good for us.
kateric10 - I remember being through one. The company was a TV network and they became a TV show producers, making films for TV.
Worldspace bankrupcy was chapter 11, which means they reorganized. Chapter 7 is complete wipeout. We still don't know what the reorganized company will be.
FYI-2012 Wall Street holidays:
NYSE Holidays
2012
New Year’s Day
January 2
Martin Luther King, Jr. Day
January 16
Washington’s Birthday/ Presidents Day
February 20
Good Friday
April 6
Memorial Day
May 28
Independence Day
July 4
Labor Day
September 3
Thanksgiving Day
November 22
Christmas Day
December 25
Next week should be interesting. Often new things come out in the beginning of the year. Let's not forget the NOLS, soon we'll know.
Happy Holidays to all !!!
Starting to percalate.....:o}
Sairam. Here is an important announcement concerning Radio Sai channel being aired over Worldspace digital radio sets.
As many are aware, the Worldspace company which earlier used to offer Radio Sai channel ceased to exist after the company's closure in January 2010. However thanks to Providence, Radio Sai continued to be aired for more than a year after January 2010. And then it stopped for a few months, but thankfully resumed again just before Swami's birthday in November 2011.
We would like to bring to your attention that the service now being offered is a test service. This is because the new owners of Worldspace are in the process of setting up their new organisation, and Radio Sai as yet has not entered into a formal agreement with this new firm. Efforts are on to have this arrangement in place at the earliest. However, till that happens there could be disruption of service temporarily.
Please note that this suspension of service may happen only on Worldspace digital sets. Our service on the website radiosai.org as well as on mobile phones will always continue with no interruptions.
Thank you.
Loving regards,
Radio Sai team
Yes when it comes to Malone, thought you liked his thinking also?
He looks far in advance ever since early 90 ties when I started to follow his moves. He is not a Phd. for nothing.
I have been here since Dec 2nd. 2009, does seem forever.
This has been a gamble to me, still is. Big gamble - big reward.....;o}
Thanks kateric10.
I am already paying customer here. I'll just listen to you all....:o}
What is happening tomorrow? How can you tell what company is trading? Do you need Level 2? Have Scottrade and a Mac, so their Elite software doesn't work on my computer.
Thought we were already....lol. eom
I forgot that, too. I have waited since Dec 2nd. 2009, does seem long ago.
Vegas is waiting....lol
HAPPY THANKSGIVING TO EVERYONE!!! eom
HAPPY THANKSGIVING TO EVERYONE!!! eom
I am....Any news?
Denver is where Malone lives. There might be some connection there.
Yep everything is OK....:o} Thanks. I am getting excited. By the way Vegas is hopping, just heard on the news, everything is going better here. This is like Orlando very touristy town. People are spending discretionary money here. Look for the hemlines to go up, it has been always a sign of the economy going up also.
I like this plan: Since uninterrupted line of sight reception may be difficult in the urban areas, there is a need to install terrestrial repeating transmitters to rebroadcast the satellite signals in the largest metropolitan areas of intended mobile DARS markets. The company has been licensed to build networks of terrestrial repeaters in Italy, Switzerland and Germany. With this addition, the system can provide more reliable broadcast services to receivers in automobiles.[9] 1worldspace plans to start providing mobile radio and data services in Italy using a combination of satellite and terrestrial broadcasts in late 2009.[24] It has signed an agreement with Fiat, an Italian automobile manufacturer, to make radios capable of receiving the signals available to car owners.[25] Fiat plans to make such radios available as a bookable option made prior to purchasing a car.[26] If the service is a success in Italy, it's planned to make similar services available in Germany and Switzerland. 1worldspace will use ETSI Satellite Digital Radio (SDR) open standard in the new European coverage beam.[27] The receivers for the new markets will be manufactured by Delphi and will deliver a gap-free coverage to vehicles similar to that of Sirius XM Radio vehicular mobile service.
Thanks MGTY1.
Thank you MGTY!.....:o}
Thank you kateric10....:o}
I am not so sure of how things work. I don't think so. Have not kept up with much lately (my Mom died). Kinda confusing time.
Turbodog's post from SIRI board. Liberty CEO Maffei will speak tomorrow at Goldman Sachs conference he might say something about Sirius. for those interested Ill post where you can listen to the webcast.
Maybe WRSPQ???? Hoping.......
http://ir.libertymedia.com/events.cfm
If news would come out there would be action, thought they said in September sometime.
Interesting - How Does Trump repeatedly file for Bankruptcy and still stay on top?
Monica Sanders - Oct 2005
Donald Trump has become infamous for telling business mogul wannabes "You're fired!" every week on primetime television. Yet, after Trump's casino operations filed bankruptcy for the second time this past November, many have wondered if it isn't time for board members to give Trump a pink slip. Despite the company failings, Trump will remain as chairman and CEO and continue to collect a $2 million dollar paycheck. So...how does a CEO decide to file for bankruptcy twice and still come out at the top of the heap?
No Personal Involvement
First, Trump doesn't get personally involved. He knows how to protect his personal finances. In both instances, Trump's corporations have filed for bankruptcy; Trump personally has not. Hence, when his casino fell into about a billion dollars in debt, the corporation filed for Chapter 11. Trump only made the decision to do so once he had spoken to his banks and bondholders. But, by filing, he gave his business the opportunity to regroup and reduce his business debt. It didn't hurt however that it would also reduce his personal debt, as Trump is likely the one every creditor would look to if the Taj Mahal couldn't pay up. So, in fact, Trump avoided potential lawsuits from credits and he may have also avoided personal bankruptcy by keeping his own bank account insulated.
Trump, it appeared, had triumphed. His company had dire financial problems but seemed to rise just as quickly from those bankruptcy ashes. Just three years later, he combined the hotels into the publicly held Trump Hotels and Casino Resorts.
For several years, the new company enjoyed double digit stock prices. His personal fortune in turn also skyrocketed. And the man who came close to losing it all leapt onto Forbes' most wealthy list.
Yet, Trump's public company would eventually fall...again. Within a few years of soaring high prices, the company stock had fallen into single digits. The one-time powerhouse company remained profitless and struggled just to pay the interest on the $2 billion debt. Trump claimed that the properties were unable to make the improvements necessary for keeping up with its flashier competitors. These financial troubles led to Trump's second trip into bankruptcy.
Win-Win Business Deals
It's in this second bankruptcy that Trump demonstrated the other quality that helps him stay on top. He knows how to create a win-win situation. This past November, Donald Trump filed for Chapter 11 a second time. Again, Trump asked to be able to restructure his company's debt and overhaul its aging casinos. Under the voluntary bankruptcy filing, Trump Atlantic City Associates, which is 99 percent owned by Trump Hotels & Casino Resorts Inc., listed $1.3 billion in debt and $1.5 million in assets.
But this time around the Donald proposed that reorganizing the company would provide him the cash to upgrade his properties. By making these changes, he could help keep the casinos competitive. The second benefit: bondholders would receive stock in exchange for forgiving the debt owed. In other words, it would increase their ownership of the company by roughly two-thirds.
The chances of making the money back and even a bit of profit will dramatically increase when the casino emerges from the reorganization. Why? Well, vendors will be paid.
But best of all, Trump got to keep his job (and his rather hefty salary). If all goes as planned, Trump's Atlantic City properties will be able to actually turn a profit and even potentially expand into new markets like Las Vegas.
At the end of the day, Donald Trump will not only come out on top, he may well come out in the green.
More info:
Donald Trump's Casino Company Files Third Bankruptcy
FYI link for any co. SEC filings:
http://www.sec.gov/search/search.htm
Yes you are right jel2maine, nerves and anxiety makes imagination run amok....lol
To me this may be the new business WSpace is going into or am I misunderstanding this?
*****Company Profile
WE ARE IN THE FIELD OF SOFTWARE DEVELOPMENT AND RECRUITMENT SOLUTIONS. WE CURRENTLY OWN RECRUITMENT BASED SOFTWARE PRODUCTS, OUR RECRUITMENT BUSINESS FOCUSES ON PROVIDING END TO END RECRUITMENT SOLUTIONS TO LARGE ORGANISATIONS.
Contact
Company Name: Worldspace Search****
MGTY1-Great article. EOM
It is going up and down so fast, because of the few shares that are available. Wish I had some money in my account for both of them......:o}
Thanks jel2maine, I didn't know that. This is the first time I have heard of them, haven' owned a restructure stock. Good to know.