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Some of the filings are formalities of bankruptcy proceedings I think and do not have underlying meanings. I see this as they are just moving forward and cleaning up the business!
I agree with you bepop12345! You clearly stated what I was trying to say yesterday. In my opinion, the dates are set so that a"far reaching" timeline is determined. I do believe that the court could remove WRSPQ from bankruptcy prior to the 31 of December!
Not sure how to interpret! In my opinion, we could have information on the plan released despite the stay extension of 31december! I can only imagine how demanding the reorganization is for all involved! I would also assume that specific timelines are difficult to predict considering the magnitude of restructuring WRSPQ
Bankruptcy doc from yesterday, extended stay request! View from the bankruptcy link above. WRSPQ is still in the game!
Remember, WRSPQ has a court hearing tomorrow at 3:00p !
This is my point about where we are moving globally and merging of synergies !
http://finance.yahoo.com/video/cnbc-22844419/live-nation-going-private-25570618#video=25572717
kateric10: I believe this is going to be the investment of a lifetime. I bought SIRI at .05 and sold around .63. I began loading up on WRSPQ stock after selling SIRI. I always thought that SIRI would boom but my thoughts were that a better business model would be to take satellite entertainment to the World. I am heavily invested in WRSPQ. Based on my experience in satellite technologies, I felt that someone would take over 1Worldspace and continue pioneering the way in Global Media. This is going to be huge in my opinion.
I agree with you that we are not broadcasting at the moment so there would be no need for employee wages. Good management in my opinion. I would not have a start date for employees until after emerging from bankruptcy! The new technology and partnerships should not require much of a workforce. That is sort of the point of the platform in my opinion. It's all about partnerships with other satellite providers. Who needs the extra office space and bodies standing around if 1Worldspace is going to be a global broadcaster. I am in the business of satellite technologies. I can tell you that it doesn't require a huge workforce for communications to be sent around the World. I also believe that is the reason for "substantially all of the assets" of 1Worldspace to be sold to Yenura, which could in fact be just a holding company! We don't need desks and office space anymore. The technology is that good! Getting rid of unnecessary salaries is only good management! The court hearing on Monday is a perfect example of "I am sorry your services are no longer needed !"
I am of the opinion that 1Worldspace will emerge from bankruptcy very powerful with strong arm partnerships. Dr. Malone is not still in this because to lose. He has a legacy to leave behind! I believe he is going to knock it out of the ball park on this one! I am staying invested with him. I would be foolish to leave 1Worldspace at this point.
To the oldies of the forum. How about a celebration party in Denver?
WRSPQ Financials will provide the information regarding payroll expenditures each month. These financial statements are posted near the 21st of each month. The documents can be found at the bankruptcy administrative record site found in the links above. We cannot make this information up. It is quite clear in the financial statements for 1Worldspace. Please due your own due diligence involving payroll for 1Worldspace.
Correction: Yenura transition of 1Worldspace Assets was 29June2010 http://biz.yahoo.com/e/100629/wrspq.pk8-k.html
We can tell by the recent court documents and the service list that includes; Fraunhofer Inst. for Integrated Circuit, New Satellite Radio S.r.l, Iron Mountain Informaiton Management, Inc, Yenura Pte. Ltd., Micronas GmbH, EDX Wireless, Midtown Parteners III, f/k/a/ Midtown Partners, Inc., Fiat Group Automobiles S.p.A., and XM Satellite Radio, that many of the partnerships remain in 1Worldspace. Worldspace Satellite Company, Ltd. Debtor Case Number 10-11625 is indeed Dr. John Malone. With this said, I will speculate that Dr. Malone continues to have interest in the 1Worldspace system. The "old" 1Worldspace satellites were transitioned to Yenura Pte. in May 2010. Since, many new platforms have been launched globally. Many have capabilities not only to carry radio signals but HiDefinition video as well, internet, data downlink and other emergency response efforts. Considering the "boom" in satellite technologies (see Satellite 2011, Washington DC), I am of the opinion that any company vested in satellite technologies has increased in value. We know that 1Worldspace is not presently broadcasting but that does not mean there are no classified and incubation strategies in place.
In short, 1Worldspace is alive and well. We are invested with one of the leaders in satellite technologies, Dr. John Malone. I have been invested in 1Worldspace since July 2008. I have not sold any stock, I remain long as an investor and I am personally excited about the future of 1Worldspace. I am of the opinion that the company has been cleaned of unnecessary expenses and that we had better hold on to our hats once the volume is turned up!
Geaux 1Worldspace!
1Worldspace is a going concern or it would not be in Chapter 11.
You have no idea whether there is a new design or not ! Can you post a link verifying there is NOT a new design? You only know what is public knowledge. You do not know the inner workings of the company at this point. Your argument with our speculation is based on your assumptions as well!
LoveTrades, this is old news. Please refer to previous posts! We know that you can get the webpages from the PIR website under "our work". We have a collection of pages captured as they progress through the designs. We (the old timers on this forum) viewed the PIR website daily for over a year and a half! Thanks for the energy but it is nothing new to us!
NIce!
Bankruptcy doc...not much to it just Sebastian trying to get salary money! Looks like Turn Around put the fire under some management folks during close down!
I believe it is close as no bankruptcy docs are being posted and lots of new technologies released that could be partnering with satellite platforms.
No kidding the float is very low!
In contact with PIR actually have an email from director in 2009, you have no idea how entrenched MGTY1 is in this stock and more importantly the technology! FIAT refers to launch date previously planned with documents supporting in 2008. You may want to review! IF more people other than yourself ask for moderators I will add them. If you have complaints about my moderation you should contact IHUB administration. You can be added if you bring something more to the forum other than your disagreement with my speculation. Bring something of your own to the forum and we can agree or disagree. Thus far, you are only bringing your disagreement with MGTY1. I don't think anyone here really cares about that info! Please post some of your ideas/speculation about the 1Worldspace system or stock! We get that you are not in agreement with me!
If others on the board want to recommend a moderator please do so. I would recommend someone who has been on the board for awhile. NO biggie, for those of us that are more in sync we can continue to communicate via private messaging.
We will see how it plays out but I stand firm in my opinion that the nook, XM Radio, Live Nation, DirecTV, and others will become part of the 1Worldspace Satellite System. And it's not about the satellites...we have better technologies and partnering would be the way to go. Again, my speculation.
Black Eyed Peas are going back to the UK by the way. I will post an update of the MGTY1 speculation later tonight. There are some hints in the new car ads that are of interest. LoveTrades, it is likely to throw you over the edge so you might want to ignore my post tonight! No one says you have to agree with any of us! IT IS A FORUM for sharing information, speculation, and hopefully synergy in satellite technologies! You should not let differences in opinion on this stock worry you so much! Just disregard what doesn't fit into your assumptions, speculation, etc. etc. And you are wasting your time if you think I care about your personal opinions of me. I don't! I care about the speculation and facts gathered about this stock.
So you are a believer!!!!!
So can I buy your shares LoveTrades?
Anyone else interested in moderating the board please let me know. I will be traveling in the next few months with limited internet access! LoveTrades is correct we should find some more help for moderation. Not to mention, you all by now know how I feel about the stock, my speculation! Let's get some more input! Recruit Recruit! :)
Would you like to moderate? I am only filling in for the board anyway! I will gladly step aside and let you bring new and fresh insight to the board!
I am looking for someone to take over because I am preparing for the launch of 1Worldspace and really don't have the time to moderate this board! :)
LoveTrades:
Are you invested? How long have you been following this stock? Are you aware of the partnership agreements signed in 2008? Those partnerships are much of what I speak about in my posts. If you read previous posts of mine, you will notice I too believe that 1Worldspace is NOT in the business of maintaining "old" satellite hardware. I do however feel that the synergy behind this stock involves a multitude of partnerships combined with forward progression towards the initial and newly acquired momentum of 1Worldspace. Considering that we do not know much about the bankruptcy planning, I am of the opinion that my speculation is as worthy as would be yours! This is a forum NOT an administrative record!
Everyone on this board should treat the forum as speculative unless there is a reference provided that indeed details factual information.
With that said is anyone else experiencing the AT&T terrestrial outages at present? What about the B&N Nook would that be something Malone "might" incorporate into the 1Worldspace platform after emerging from CHAPTER 11 Bankruptcy?
Let's get together and talk more in these upcoming weeks. LoveTrade, welcome to the forum! Things are going to get heated as more will try to speculate on 1Worldspace stock and the future of all satellite technologies! We are not having Global conferences for nothing!
WRSPQ Long!
LoveTrades are you referring to my post specifically or the entire board? Most of the specifics regarding the bankruptcy case has not been revealed so if you are referring to our posts on this forum, you would be correct in saying that much of the verbage is speculation. However, we do post some specific information regarding the bankruptcy proceedings.
Anyone hear anything new?
Will someone make another purchase at the end of the day????
Just got this off Yahoo Siri message board
See slide 8
http://files.shareholder.com/downloads/LVLT/1275573384x0x469486/f0c304e5-b9ea-4c17-a9b6-bd3a8088c521/Level%203%20Communications%20Annual%20Meeting_May%202011_FINAL.pdf
not much for sale below .51! Interesting! If someone were to place a buy at .02 for 100K they are likely to wipe out the remain low cost float don't you think?
I personally believe that if you want in on 1Worldspace prior to the company emerging from chapter 11 bankruptcy, you will have to act soon! Other opinions on this? I believe we will start moving upward soon! This is only my speculation!
Kateric
what is level II saying this morning? Looks like the bid has been upped. I am remote this morning and cannot see the details. Seems like some interest in 1Worldspace may be stirring.
Also go to Delphi.com and look at the new innovation! Nice!
Kateric...I believe that many eyes are upon 1Worldspace. There are not that many shares available. Speculation could be that Malone will make a move soon. People are trying to get in!
I think he only received half of the originally contracted price. Doesn't the financials show him receiving 40-45K the past few months!
http://www.kccllc.net/documents/0812412/0812412110520000000000001.pdf
1Worldspace financial report
Looks like just house cleaning !
Lots of bankruptcy documents!
Rumor that Siri has another lawsuit supposedly reported by Sirius Buzz....anyone hear anything? This is going to be a hoot! I see things heating up for the summer! Geaux 1Worldspace!
Noah bought some of the assets but not all as I see it. Some of the assets included office equipment old computers, some microsoft licenses I believe!
A shell with NOLs, licenses, rights to repeater stations, maybe some contracts with providers, and satellite in storage, would still be in place right? We should have a 1Worldspace monthly financial report on the 21 of May.
I believe the 1Worldspace platform will be something Malone spins his Satellite Systems (or whatever he calls it) to.
http://www.msnbc.msn.com/id/21134540/vp/43093908#43093908
Okay, so Obama just mentioned satellite networks in his presentation!