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I have been watching over the past few days from my job and this is acting exactly like a low floater, moving on air. Once the reorg plan is known, this IMO will fly. The judge already said as much that the commons would be taken care of.
Well, I am only looking at the $'s per share that can be. Even if it it only comes around .80, that's good enough for me on this trade.
Top end, $2.00/share. Look at the sticky?
Less than 10 days is not long. BTW, filings are showing at least $1.00+. Charlie wants consumers, not pi$$ed off shareholders. Learn about Charlie.
Outstanding!!! About $2/share?
Nice find Rich and I know it doesn't mean to much to those that are not familiar with the sat industry. From the looks of it, taking the sat positions and cross referencing them at lyngsat.com, Charlie could be doing a few things.
1. Setting up to expand sat internet access since the purchase of Hughes. (Not Likely, but possible)
2. Since Terrestar-1 is at 111 W, use part of the bandwidth for Ku band, turn up the power, which BTW Dish is known for, and drown out Shaw Network at 111.1 W, increasing demand for Dish services since Shaw customers will have difficulty receiving the Shaw signal.
3. Use Terrestar-1 for it's original purpose, but instead of spot beams which the system currently employs making connection difficult since the beam only points at specific spots on earth, reconfigure for a "blanket" beam making it easier for the sat phone to receive the signal. This combined with the spots from Hughesnet and the contigous 20mhz from DBSD would make for a formidable platform for sat phones.
Just a few thoughts, but if you look closely, Charlie HAD to get this acquisition done to meet the July 12 deadline for first served access to licensing otherwise, he stood to loose the 20mhz and the sat.
EDIT******Almost forgot, found that Gamma Acquisitions were actuall the ones that bought Terrestar. Gamma is a subsidiary of Dish that "markets companies". The question arises, "Was Terrestar marketed by Gamma?" If so, is there not a complete conflict of interest that Charlie could be liable for? Echostar provided funding. Owned by Charlie. Gamma marketed/bought Terrestar, owned by Charlie. Dish is the ultimate recipient of Terrestar, owned by Charlie. Doesn't this seem a bit odd? If Terrestar would have held out for another week, then the assets could have been much more valuable since we would have held a coveted piece of sat space/bandwidth which would probably demanded a higher price. JMHO of course.
After all the hoopla this morning, it's great to watch the bid build on L1. Let's get 'er done!!
You got that right!!! If people would only comprehend what they read instead of letting thei emotions rule!!! Oh well, it is what it is.
Not needed!!! Equity is okay with this deal. Give it till the 18th and then we'll see.
They have 3-4 days to release info on a material event. I expect it at the latest around Wed. of next week. If they do it today like some are saying, all the better.
Back to fixin' my roto-dirt-slinger!!
Don't fret people, Charlie Ergen won't loose money. My guess is that he or some of his people bought shares prior to the whole bid process for the company. Echostar financed it, Dish which is really owned by Echostar bought us.
Hmmmmm? When Charlie sues an individual for 50,000,000 dollars and wins, don't you think he is in this for the most gains?
GLTA on the 18th.
Okay I will. How about around August 15th?
This is so terrible, the bid is 100000 to ask 5000. Should I sell?
Can't stop laughing!!!! Just buy the #%$^*ng stock!!!!!
Almost 11MM in 45 minutes. Going to be an interesting day!!
Ummmm?????? Liability is being taken care of by the proceeds from the sale and there will be assets to keep the company going through September, part of the deal. Ding, Ding, Dong!!!! It's in black and white in the filings and news releases.
For those that can't comprehend, let's see, oh yea, they sold this morning.
I'll wait till the 18th to see what Judge Lane has in store for equity.
Not quite. The sale was only approved by the judge so that equity would get some $$$. THe first plan left equity with nothing. This sale and terms of the reorg plan take care of equity(common shares). Dig a little deeper.
I was reading the news on Scott and the last WSJ article kinda says it all. The previous plan was scrapped because equity(commons) would have been SOL. With Charlie buying Terrestar, equity is being included in the reorganization. It appears that was the only way Judge Lane would approve the sale. I'll wait for the Reorg hearing.
Funniest part is that Echostar is owned by Charlie Ergen who owns DISH.
Exit BK and back to the big boards. $1.00 to dothat.
No Charlie will combine this with DSDB and corner the 20mhz market. Learn about Charlie Ergan and that will tell you where this is going. TSTRQ has the sats and technology and DSDB has the frequencies.
Knowing Charlie Egan the way I do from his past exploits, he will boost the signal on the TerreStar sats(he did it with the Echostar sats to drown out true FTA signals) and provide programming from Dish to TerreStar users. He is buying another stream of programming income IMO.
And you are on what? WAMUQ will survive and flourish. No brag, just fact.
Already has HDE approval from FDA. Military can use it anytime they want.
Does INAR still own Global Medical Direct?
Maybe a short spike with the double inverted hammers on the chart, but then who knows??
We're all battered right now. Simple, stay put and hope for better days, or move on.
Dean is not the greatest and I will be the first to admit that. BUT, there have been no PR's that could/can take the price lower.
Hmmmmmmm, intresting, isn't it?
Not a major shareholder, but someone that is concerned. Give it some more time to see what the "new team" has to offer.
Aaaaah--But the audited fins opens the door for foreign students, full reporting, uplist. This would be very positive right now. IMO
I had the same problem. Took almost 5 min. to fill.
I had the same problem. Took almost 5 min. ti fill.
Quite well from my DD. How's your's?
And what do you think that means? They are ammended and now what? Could be interesting in the next few weeks. LOL
Correct, they are specialists with security law. And why would Dean consult them? Maybe changes getting ready to take place. One never knows now, do one?
As I said, look beyond and add things up. You may be surprised what takes place in the next few weeks. JMHO
And you're point is? Look beyond the name change. The next few weeks may be very telling. IMO(Almost forgot that)
Still confident this will all come together. I guess angry was a poor choice of words, let's say patiently frustrated?
Ummmmm? What? Do some DD other than this message board. I do this all the time and there is no problem.
Funding is important, but there are other things that are equally, but more important if you can wrap your mind around that.
Within the next couple weeks, IMO we will see a change in the corporate structure including audited fins. If not by the end of July, I also will be angry. Enough?
Bernie, I know you have been here for a long time also.
I was involved with a Canadian lumber consortium a few years back and learned my lesson. IMO, there is major money to be made here if I, and re-iterate I, this will pay off. Just hold fast. Maybe I am wrong, but I don't think so.
Everyone must do what is comfortable for them.
VivatJesus No. No PM capabilities and you should ask IR/QASP these questions yourself. I am comfortable to hold this a while longer with the response I received.
I honestly don't think it will be much longer. I have held since last year and have major funds tied up in this. All will be okay by the end of the year. IMO