To fully achieve the benefits this transaction will make possible, the public interest compels renewal of all of FiberTower’s licenses. Today, Fiber Tower’s spectrum is either unused or underutilized for limited point to point transmission services. Indeed, the bulk of FiberTower’s licenses are the subject of litigation relating to renewal applications filed before the rules for the 24 and 39 GHz bands were changed to encourage the development of 5G services.27 These applications are before the Commission on remand. With its 5G evolutionary strategy firmly in place, AT&T will be able to rapidly develop and deploy FiberTower’s assets, provided that the Commission acts swiftly on remand, and renews the licenses to allow them to be put to use for 5G services.28

Swift Commission action to clear up the remaining litigation and make these licenses usable for 5G services would be consistent with the Commission’s recent approach in the Straight Path matter.29 In that case, the Commission concluded that although Straight Path “had not actually deployed equipment with any permanency,” its licenses should not be automatically terminated, as the Commission’s discontinuance rules would otherwise dictate.30 Citing the important public interest benefits to be gained from allowing Straight Path’s mmW spectrum to be deployed as quickly as possible, the Commission determined that Straight Path should retain approximately 80 percent of its licenses with the expectation that Straight Path would attempt to sell its portfolio to a third party within 12 months.31 By allowing Straight Path to retain and transfer or assign its 39 GHz licenses, the Commission sought to ensure that the spectrum is quickly put to productive use in furtherance of the 5G transition.

The same 5G policy considerations that led the Commission to allow Straight Path to retain the vast majority of its licenses apply with even greater force in this case. Indeed, equity compels similar regulatory treatment for FiberTower’s licenses, albeit without the enforcement penalties. The Commission’s initial determinations about FiberTower’s renewal applications and waiver requests were based on assumptions about market demand and deployment that turned out to be inaccurate.32 Moreover, FiberTower consistently worked in good faith to meet the Commission’s buildout rules, invested hundreds of millions in developing and deploying service, and has been forthright with the Commission in its filings and applications. 33 In addition, FiberTower has now reached an agreement with AT&T, a company that has the technological and financial ability to rapidly develop and deploy 5G technologies and services.

By renewing FiberTower’s licenses pursuant to the D.C. Circuit remand as part of this transaction, the Commission would avoid the potential for further litigation that could tie up FiberTower’s spectrum and prevent its use for 5G. As it did in the Straight Path matter, the Commission should instead act quickly to resolve the ongoing litigation in a way that would make the spectrum immediately deployable for 5G. When it comes to 5G, time is of the essence. The Commission should lift the “regulatory bottleneck” surrounding FiberTower’s licenses and unleash the spectrum for 5G use.34 Further, as explained below, there are no potential harms— competitive or otherwise—that would result from approval of this transaction.

Because its on the gray market brokers can not solicit buyers until certain financial information is updated. That's why there is no bid/ask on every ones account. You have to call a broker to buy because they aren't allowed so solicit you.

FYI

12K SEC
REINSTATEMENT
981579105
WRSPQ
WORLDSPACE, INC.
03/25/2014

http://www.dtcc.com/~/media/Files/pdf/2014/3/25/OTC-057.ashx


Seems all the tickers that were suspended are reinstated (for now), seems they were not served with enough time to answer (or at least that's what I think from what I read). Good night.

http://www.sec.gov/alj/aljorders/2014/ap-1324.pdf
I POSTPONE the hearing scheduled to b
egin on March 27, 2014, and ORDER a
telephonic prehearing conference on
Wednesday,
April 9,
2014
,
at 10:00 a.m. EDT. I
will default any Respondent that
,
after being served with the OIP
,
does not answer,
participate in the prehearing conference
,
or otherwi
se defend the proceeding. 17 C.F.R.
§§ 201.155(a), .220(f), .221(f)

WorldSpace, Inc. (WRSPQ: Grey Market) | Tier Change
Thu, Mar 13, 2014 12:00 - WorldSpace, Inc. (WRSPQ: Grey Market) - Tier Change - The symbol, WRSPQ, no longer is classified as OTC Pink No Information. As of Thu, Mar 13, 2014, WRSPQ resides in the Grey Market tier. You may find a complete list of tier changes at otcmarkets.com.

http://stockalyzing.com/pink-otc-market-news.html

YUP that was exactly the document I was referring to. Pretty much the smoking gun. Pay very close attention to the wording of page 9 second bullet point.

I've seen that letter a bit ago there are many others like it buried in Google for other subsidiary's as well. There is no doubt in my mind that something is either going on or went on already how it will end is another story. Bad or good we'll eventually find out. FWIW if you compare us and the other companies listed that the SEC halted for lack of current information,......How many of those company's have spectrum (if we still own the spectrum) worth BILLIONS & have their debt own by a multibillion dollar media company? A multibillion dollar media company that has a LOOOOONNNGGGG history of making extremely complex deals & have publicly stated that they “think that could be revisited going forward”. Light Squared is soon emerging from bankruptcy I think their POR value's the company at 7.7 Billion dollars, pretty sure they own L band spectrum similar to ours that only covers 312 Americans, not only that they own less capacity as well they only have 34 Mhz and "we have" 40Mhz.

If it is then so be it.

Oh gotcha sorry I misunderstood what you were trying to say. I guess we'll see if we meet the reaper or the light eventually. Good luck all.

That isn't my point. You made a comment about 95% of the companies that you held that were halted by the SEC did not end well. I was just pointing out that most companies in BK usually don't end well regardless, so the numbers were never in our favor from the get go. Even if you or any one else traded it well or hold shares that are in the green (for now) the numbers for companies that common shares survive BK are probably under 5%. The numbers were never on our side lol

“I think that could be revisited going forward,” Maffei told the crowd of analysts.

Maffei says former Sirius XM chief Mel Karmazin was “less excited” about the international potential — but once they’re in control they’ll take a new look at the opportunity.

Yup, that's exactly the way I look at it.

We bought a bankrupted companies stock. When were the numbers ever on our side? Just sayin'

I don't think its a necessarily bad thing unless you wanted to buy or sell. For most of us who have been holding on this for a while now, I would hope after March 24th we would get some type of update on the mysterious status of this company. I think we all knew the risk associated with buying this "lotto ticket" so maybe we'll good an update bad or good.

Kind of typical for a pink that hasn't updated their SEC filings in many years.

"It appears to the Securities and Exchange Commission that there is a lack of current and
accurate information concerning the securities of
WorldSpace, Inc.
because it has not filed any
periodic reports since the period ended
June 30, 2008"

"commencing at 9:30 a.m. EDT on March 11, 2014 and
terminating at 11:59 p.m. EDT on March 24, 2014"

Not really sure how these things are handled but IMO I would guess by March 24th they would have to update with some type of financial statements or 8K with some type of update. I'm not really worried........yet at least.

CITADEL ADVISORS LLC they owned more than 5% for a while prior to 3 years ago but it fell below 5% some time around the last sec filing

Today is also 3 years since we had a 5% owner change. Not going to pretend like I know what I'm talking about in this area but may have had to wait to not have the NOL's go surly. Would defiantly be nice to see a new 13D/G filing soon (wishful babble) lol. Good luck.

Today is also 3 years since we had a 5% owner change. Not going to pretend like I know what I'm talking about in this area but may have had to wait to not have the NOL's go surly. Would defiantly be nice to see a new 13D/G filing soon (wishful babble) lol. Good luck.

Excerpts from transcript credit Seeking Alpha

The expansion of our CV platform gives us immediate credibility with OEMs, enhances relationships with key Asian and European OEMs, and improves opportunities at several others. We’ve acquired a smart team of technology engineers who are accelerating development of our overall connected car architecture, including the combination of satellite receivers with LTE hardware, a strategy that should also yield benefits to our existing audio business.

The CV business also gives us entrée to create a worldwide connected car platform, something of particular interest to our OEMs. We now have live connected vehicle service with eight OEM brands, with several others in the pipeline, making us the leading provider of these services to OEMs today. Much of the market is still uncommitted, and we believe our acquisition improves the odds of expanding our relationship with existing OEMs and winning new business at several key other OEMs.

We expect connected vehicle services to deliver close to $100 million of revenue this year, and we expect to grow this at strong double digit rates over the next many years. We are in the process of fully integrating the CV business into Sirius XM, and its financial results are embedded in our guidance today.

As an early stage growth business, we expect the connected vehicle services product line to contribute at or near breakeven on an EBITDA basis in 2014, but with high variable margins, a relatively low capex profile, and substantial scaling in the business as penetration expands, we see many similarities in the financial profile of connected vehicle services and satellite radio.

Just keep in mind the connected vehicle business is still in its very early days. Building this business is a key step in realizing our vision of a merged satellite and IP connected environment that will truly deliver amazing features to our subscribers and benefits to our business. The rate we are running is a marathon, not a sprint. It will take several years, just like satellite radio did, to fully deploy our connected vehicle services, but successful leadership now will create a significant source of growth in the years to come.

Jason Bazinet - Citi

Just had one question on your commentary regarding the worldwide connected car platform that you talked about on the call. If you go down that path, were you contemplating something that’s LTE based, that integrates Agero, or something that sort of mimics the architecture that you’ve had in the U.S. with satellites?
Jim Meyer - Chief Executive Officer, Director

I think a couple of comments on that, Jason. One, there’s virtually no auto company left today that’s not competing on a worldwide basis. And certainly all of the big ones are. And they are without question driving to global platforms that they then can localize to various geographies around the world.

Our vision, and what we’ve demoed to them and shown working hardware of, is a platform that combinations satellite and LTE in the North American markets and then it allows the satellite portion to be easily uncoupled everywhere else in the world, at virtually no cost premium to do that.

And so we’re providing them a very flexible platform that they could incorporate on a worldwide basis. What specific services strategies will evolve in those evolving regions is still work to be done.

Amy Yong - Macquarie

My question is on IP. You’ve helped us quantify some of the opportunities in telematics and the used car market. Can you do the same on the IP side? And on acquisitions, what other opportunities could you pursue?
Jim Meyer - Chief Executive Officer, Director

I think first and foremost, today we view IP as a way to enhance our service, not necessarily as a big channel for acquiring new subscribers. And so where our focus has been over the last few years is trying to get more and more of our base to both have a satellite and IP account, so that they can enjoy our programming in the car and enjoy our programming at home, seamlessly and easily or on the go seamlessly and easily.

And I don’t see any change in that, certainly in the next couple of years. That said, once this stuff becomes connected and this experience becomes blended, we’ll see. But I have to tell you, in our thinking over the long term, we are auto-centric and auto-focused, and that’s where we’re going to stay focused in both acquiring subscribers and keeping subscribers. But, we do believe that we have to make our service easy to use, robust, and available, frankly, over our terrestrial networks, over our satellite networks, and over our IP networks.
Amy Yong - Macquarie

And on acquisitions?
Jim Meyer - Chief Executive Officer, Director

I’m sorry. I don’t understand the acquisition question.
Amy Yong - Macquarie

What other opportunities could you look at? Telematics…
Jim Meyer - Chief Executive Officer, Director

I’m sorry, I thought you meant acquisition of the subscriber. Look, we’re always looking, and you know, I think you should assume that over the years, we will find some opportunities that match the strategy we’ve laid out for you pretty consistently over the last two or three years.

And again, we’ve got a lot we’ve looked at. We don’t have any we’re contemplating right now, I’ll be clear with you. But we are going to look hard, and if I had to guess, one is, and I think I hinted at it a little bit today, over time, we’d like to expand our footprint on an international basis. We want to do that slowly and carefully, and we want to do it along with the OEMs, not just charging out on our own, that scenario where, today, we don’t have what we need and we might look in that area.

And then I think we’re always looking in the connected world for a service opportunity or a partner that can accelerate our strategy in those areas. And I think that’s primary where we’re looking at in the acquisition funnel today. We continue to look at others, but we just haven’t seen anything that either excites David and I in a way that gets us even to a second step.

Satellite/LTE global telematics connected vehicle all over the Sirius XM conference call this morning. Meyer's even stumbling over his words when questioned. Take a listen to the replay.

34 MHZ of L band spectrum covering 312 million Americans vs 40 MHZ of L band spectrum covering 5 BILLION people globally.

Some one heard you.......

Venkataraman s, a Carnatic music fan who enjoyed his pilgrimages to the sabhas in Chennai, found himself in a ‘rasika’s heaven’ when, in 2005, his son installed a Worldspace Satellite Radio at home. He spent hundreds of hours listening to curated, ad-free, DVD-quality songs till December 2010, when Worldspace shut shop.

Despite rumours of a revival, nothing happened till Saregama, part of the RP-Sanjiv Goenka group, tied up with Timbre Media, founded by former Worldspace employees, to relaunch the brand.



But this time Worldspace will not be on satellite radio. Although it had 4.5 lakh customers, and Indian operations were profitable, the parent company founded by Ethiopian-born lawyer Noah Samarah had closed operations due to financial difficulties. Its relaunch is planned for other platforms: Internet, direct-to-home sets and mobile phones.

Saregama tied up with Vodafone so that its customers could listen to 10 stations on monthly subscriptions, and later with Airtel for DTH. It launched apps for iPhone, Android, Windows and BlackBerry smartphones. Although these are now limited due to the number of channels, the potential is huge.

But competition is fierce outside the satellite radio space (which locks a customer to the device).

As for Venkataraman, he has shifted to another service called Carnatic Radio, launched by music enthusiasts from Singapore, which streams ad-free music 24x7. “Worldspace radio had over 40 stations but I mostly listened to just Shruti [the Carnatic music station]. I have moved on,” he says.


This article appeared in the Forbes India magazine of 18 October, 2013

Read more: http://forbesindia.com/article/checkin/back-on-air-worldspace-2.0/36231/1#ixzz2gimLhauU

CEPT ECC FM 50 meetings probably over 1,000+ documents.

Enjoy!

http://en.wikipedia.org/wiki/Holding_company

Broadcasting
Further information: Media conglomerate

In US broadcasting, many major media conglomerates have purchased smaller broadcasters outright, but have not changed the broadcast licenses to reflect this, resulting in stations that are (for example) still licensed to Jacor and Citicasters, effectively making them such as subsidiary companies of their owner Clear Channel Communications. This is sometimes done on a per-market basis; for example in Atlanta both WNNX and later WWWQ are licensed to "WNNX LiCo, Inc." (LiCo meaning "license company"), both owned by Susquehanna Radio (which was later sold to Cumulus Media). In determining caps to prevent excessive concentration of media ownership, all of these are attributed to the parent company, as are leased stations, as a matter of broadcast regulation

John Malone, the chairman of Liberty Media, the company that controls Sirius XM, has previously said that Sirius XM should look at "globalizing."



Key word-globalizing there is no other GLOBAL satellite radio/IP licensee, other than us.

Sirius, Liberty could do WorldSpace deal

Flash back for reference

NEW YORK | Mon Nov 30, 2009 4:18pm EST

(Reuters) - Sirius XM Radio Inc (SIRI.O) could team up with Liberty Media Corp (LINTA.O) to take its satellite radio offerings global through a partnership with WorldSpace Inc (WRSPQ.PK), Chief Executive Mel Karmazin said on Monday.

"We understand that Liberty has expressed an interest in WorldSpace," Karmazin said at the Reuters Global Media Summit in New York.

But if a partnership with Liberty does come about, Sirius would not invest any money, he added.

"We would put our expertise and experience in the pot and Liberty would put their money in the pot," Karmazin said.

Liberty Media, controlled by cable pioneer John Malone, rescued Sirius from a possible bankruptcy filing earlier this year with a loan of $520 million. In return, Liberty secured a 40 percent equity stake in the company.

Through a subsidiary, Liberty Media has also bought up the debt of WorldSpace recently, leading to speculation that Malone would seek to combine Sirius and WorldSpace. Most of WorldSpace satellite radio's subscribers are in Asia and Africa.

"So one would think that if Liberty were to do something there that they would want as strategic partner somebody who has successfully done satellite radio in 5 percent of the world," Karmazin said.

Such a partnership could involve Sirius bringing its relationships with car makers and expertise in building satellite radio gear to WorldSpace's operations, he added.

(For summit blog: blogs.reuters.com/summits/)

(Reporting by Anupreeta Das and Yinka Adegoke; Editing by Tiffany Wu and Richard Chang)

Sirius considers international expansion, looking at Mexico - CEO

By Liana B. Baker

NEW YORK | Thu Sep 26, 2013 11:16am EDT

(Reuters) - Sirius XM Radio Inc Chief Executive Jim Meyer sees an opportunity to enter international markets with Internet-based products, a business that could provide a new revenue stream to the company, which is mainly focused on the United States.

When asked at the Goldman Sachs Communacopia conference on Thursday about incremental growth opportunities, Meyer said the company is exploring international markets, including Mexico.

Speaking on a webcast, Meyer said the board of directors regularly asks him, "Gee, when are you going to go international?".

Meyer, who took the reins of the company late last year, is looking to branch out Sirius XM's offerings beyond music and talk radio to other services in cars. He spearheaded Sirius XM's first large scale acquisition in August, when Sirius XM spent $530 million on acquiring the connected car services unit of Agero. That deal is expected to close in the fourth quarter.

Meyer said on Thursday that automakers are expanding their connected car systems globally, which is why Sirius XM now has the chance to enter new countries.

"One of the reasons why it's key that we participate in that rollout and building of that architecture is that it's going to give us opportunities to look at services on an international basis that are different than we've done here in the U.S.," Meyer said.

The services Sirius XM will offer internationally will likely be Internet and streaming based and not involve launching new satellites for those countries or offering satellite radio, he said.

Sirius XM is looking at Mexico but Meyer said it has no plans to announce anything yet.

Sirius XM has a 37.9 percent equity stake in satellite radio provider Sirius XM Canada.

John Malone, the chairman of Liberty Media, the company that controls Sirius XM, has previously said that Sirius XM should look at "globalizing."

Sirius XM shares rose 1.3 percent or 5 cents to $3.88 per share in early trading on Thursday.

(Reporting by Liana B. Baker; Editing by Chizu Nomiyama)



http://www.reuters.com/article/2013/09/26/entertainment-us-siriusxm-international-idUSBRE98P0NN20130926

Unidentified analyst

On the holdco, so want to follow-up on that in terms of timing, we’re sort of been to late September any sort of updates you can give us?
Jim Meyer - Chief Executive Officer

Yes. It’s been more complicated than we thought. I don’t want to get in the details of it. We’ve worked through those complications and I think shortly we’ll begin down that path to put that flexibility in place.

Unidentified analyst

Just go back on the margins …
Jim Meyer - Chief Executive Officer

Once we put in place, it’s kind of a 30-day kind of approval process we think to get that going.

Transcript from this morning's
Goldman Sachs Communacopia Conference

Unidentified analyst

One last one from me, we talked a lot about investments been made in IP and in telematics. As we sort of look beyond that any incremental growth opportunities for SIRIUS XM that are on your radar screen you think the company can participate in over the longer term?
Jim Meyer - Chief Executive Officer

Yes. And its one I get a lot including from our board which is, when are you going to go international. And you know what one of the -- one of the clear things about the connected cost strategy is it’s also the auto makers are using as global platforms.

And so one of the reasons why it’s key, I think that we participate in that rollout and that building, in that architecture is it is going to give us opportunities to look at services on an international basis that are different than what we’ve done here in the U.S.

For instance, I don’t believe we’re going to launch satellites anywhere else in the world and offer satellite radio. I think all of our services also will be streaming base, but I do see real opportunity internationally but it will be evolutionary not revolutionary.

-1452-1492 MHz band was recently harmonized for LTE
"I think all of our services also will be streaming base"

Maybe this helps? (Just Europe)

Copied from Plum Consulting Report


Economic study of the benefits from use of 1452-1492 MHz for a supplemental mobile downlink for enhanced multimedia and broadband services...

Page 43


Range of estimates for net present value of 1.4 GHz band.

Low Value of 1.4GHz is 0.25 significantly below sub 1 GHz spectrum

Medium Value of 1 GHz lies at 0.40 8.0 lower bound of sub 1 GHz spectrum

High Value of 1 GHz spectrum 0.60 12.0 is similar to mid to upper end of sub 1 GHz range.Source:


Plum analysis, Appendix E We estimate the net present value of 1.4 GHz spectrum as between €5 to €12 billion for Europe.These estimates appear to be conservative, given that the estimated cost savings from the spectrum derived in the previous section are either at the upper end or higher than the range of values reported in Table 5-4. This suggests that early auctions may not have captured the full market value of spectrum.5.4.4 Estimated revenues from enhanced mobile multimedia services provided over an SDL at 1.4 GHzBased on the spectrum value and the expected cost of providing 1.4 GHz services over a 10 year period, we estimate the net present value of revenues from mobile multimedia services to be between 98€9 and €30 billion for Europe .98 Defined here to be the European Economic Area© Plum, 2011 40

5,000,0000,0000 Pass through X 40 MHZ = 200,000,000,000 MHZ POP

200,000,000,000 multiplied by .XX per MHZ POP = ?????

????? + (other assets)-(total debt/liabilities) =

Divided by 42,800,000 shares = X PPS

also further dilution if those authorized preferred shares were issued.

I took note of that too. AT&T said they were looking in Europe but its "hard"......1st thing that came to my mind when they mentioned it early this year. AT&T is one of our partners and not to much was disclosed about the WCS License settlement & telematics deal. AT&T also has VERY close ties to Liberty/Malone. We are one of the very few spectrum plays in Europe. I don't know how exactly the deal will play out IF it plays out but all Liberty does it complex; nothing simple at all about them. I'm sure there will be many partners and many moving parts.


I only used .10 -.15 (MHz POP NOT PPS) as a low ball example to prove minimal value.

Acquisition, reinstate major buyback or dividend only 3 things. Dividend that big is irresponsible is pretty much out of the question.........current 2 Billion $ buyback is almost exhausted a bigger re-up is possible or an acquisition larger than 3.5X. Given current valuation of spectrum sales what do you think 40 mghz of globally allocated spectrum covering 5 Billion people is worth? Even a huge *under*valuation at .10-.15 a POP I would imagine is quite probable.

FYI all this morning Sirius announced it would be refinancing/paying off the outstanding 7.625% senior notes due 2018. That was the last bit of debt outstanding with restrictive covenants attached to it. Once that's paid off IF we are linked to "Hold Co" this is one step closer if not the final step towards the creation of "Hold Co" going forward Sirius can now take on extra debt & make purchases over 3.5X EBITA.

Allow me to translate:

If something were to happen, nothing can happen before the restrictive bond covenants that stop Sirius from making acquisitions over 3.5X EBITA are removed. The creation of "HoldCo" should get around that restriction & would allow Sirius to recapitalize & make purchases over 3.5X EBITA. Given this was disclosed as "hopefully weeks away" early June I guess "Sirius XM Holdings Inc" can happen any day now.

Malone/Maffei @ LINTA annual meeting on deal's & use of cash at ventures "the big investment opportunity they are looking for" - "we have 1 more sort of European restructures, which is kind of interesting"

Frear @ BoA CC, more excited about the global IP telematics opportunity than audio & re-confirms hold co could be used for acquisitions & Malone mulls Sirius GLOBAL IP expansion as a priority @ Liberty Annual meeting today.

Here we are still trading.............

42.8M + they have authorized preferred shares that could have been issued

Or you meant when Mel said & I think Liberty's investor day that if we wanted to tomorrow we could broadcast in every country if we wanted to. I don't remember his exact words but I do think I remember a comment along those lines some time ago.

Malone & Mel both announced the potential partnership I think every one knows that, that's when most including myself 1st paid attention. Most just lost interest after the confusing media reports on what happened in 2010 & Sirius's financial condition at that time. If you kept your eye on the ball, did some DD & used your head it should have been pretty obvious. But to understand - You first need to understand the company your dealing with, Malone is a true master mind he is always 100 moves ahead. There is never anything "typical" about Liberty/Malone so there is no reason to use typical circumstances as comparison. As for that sat launch delay I've been thinking exactly the same since the 1st delays of FM-6 in 2010. Here we are 2013......Remember that spare satellite wonder who got that?..................

I'll quickly give a quick back of the napkin rundown of what happened of course only in my humble opinion w/o getting into any real specif detail. Worldspace went under in 2008 Liberty stepped in 2009, pumped $$ to keep it alive since then its been both company's cleaning up & Liberty's interest vs Sirius interest. Sirius BOD/Mel was not excited (rightfully so with what Sirius went through). Liberty could not dictate what Sirius HAD to do until post March 2012. Liberty attempts to control de facto, Sirius does not cooperate with the take over Liberty gets denied control. This Converts to 7 to save on bleeding administrative expenses while both sides fight or position for a sale. Liberty goes hostile begins buying control, applys for de jure control, Mel steps down, Liberty gets FCC approval, converts its remaining preferred to voting shares. 2013 Liberty owns 51% Liberty adds board seats + Maffei now has the now newly split chairman roll. Liberty is now in FULL control as of a few weeks ago. Now Sirius is about to reorganize & it was just approved by the FCC last week and here we are today still trading......