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Yep.
Hello all. Some of us are still lurking here but don't post much. I've contacted major news outlets, filed complaints, etc... Not sure what else to do at this point. Looking forward to any info from Vuletini's lawyer. If we have a chance and enough folks to make it worthwhile - I would very likely chip in on a lawsuit. Every agency charged with protecting us has turned a blind eye in order for this to happen. Disgraceful. I really don't know how people live with themselves. Sometimes I fear I'm the last person with a conscience in a world of sociopaths.
Yup!
Dude. Take your meds.
You do realize there are already FDA approved testosterone gel(s), for other uses... right?
Mind you, I'm not certain of anything regarding Libigel and make no predictions to its future. I'm just saying, look up bio-t-gel.
"about flocking time" Ha! I see what you did there. About flocking time indeed.
People have been throwing around $90 like it's a fair price. Without libigel it probably is. However, if libigel is half of what JTFM claims it is; selling the company for 90 will be a Madoff level theft of our investment IMO. Let's not forget 90 after multiple BPAX reverse 6:1 splits is like $2.50 a share...
Something like this would be great news for us.
I guess we just disagree on what constitutes a fair shake on this matter - I can live with that. Cheers.
Emotional about this? Absolutely
Emotions getting in the way of rational thought? Not necessarily. It could be what I value is different than what others value.
Sometimes being willing to sink the whole thing is the only way to get a fair shake when dealing with these types of animals. If there's no chance of doing that then it is what it is. Your information from the BK lawyer is useful to this end.
I never said the bondholders where owed nothing. They are perhaps owed the value of their bonds. They are also perhaps owed a jail cell.
Like I said, you may be right. I just don't want to hear how lucky we all are for getting rolled and then a dollar dropped back on our bodies.
If you don't want people to think you're a duck, then don't quack like one.
"stones", "long winded", "pathetic"... as with deflection, your ad hominems give away your true motives.
For my part, I think you might very well be right about what they will attempt to pacify the shareholder with. You also may very well be wrong... That is NOT the issue.
The issue (for me at least) is not what they will try to get us to accept. It is that as a former shareholder, the spectrum is by all rights MY PROPERTY. Therefor, I am not interested in the price the thieves agreed to fence my property at. I am interested in what it's value is today on the open market.
The issue with you (for me at least) is your regular postings promoting the idea that we should be grateful with any scrap the thieves throw us and if we're not then we must be stupid and/or greedy.
I'm betting I have more at stake here than many. If and when they low-ball us, I will seriously consider risking burning the whole house down (with granny inside), rather than letting them run us out into the street.
Yep. I'm also wondering if the bankruptcy judge will just sit by and let this obvious fraud take place using his/her court as the get-away car.
OK - So you're just guessing as well. Also - Not sure why 33% would be an acceptable number to those of us that owned 100% of the asset (minus debts).
I didn't claim to have established a reliable value (note the "?" at the end of both sentences I wrote). I guessed at a value (pesky "?" again) and sited the reason for my guess as "recent sales" (which should probably be "recent sale"). My reasoning might be lacking, my understanding of the subject might be elementary, but my question is stated clearly and does not require further questions to understand...
I don't claim to be an expert in telecom. However, I do have a bit of experience in dealing with people. In that experience I have found that those who answer a plainly worded question with deflection almost always have an agenda they wish to keep others from discovering.
You chose to ignore my question and deflect. I won't bother asking you for your method of arriving at such a low valuation again... your defection actually provided what needs to be known.
In all sincerity, how exactly did you arrive at these numbers? Isn't fair market value more like several billion based on recent sales?
Interesting. Thanks. 5 Billion is fine with me... and it sure looks like ATT needs the spectrum. I hope the bankruptcy court isn't as corrupt as all the other players involved here.
Exactly what charts are you referring to?
I'd be happy with any one of the following payment options:
1. $50 cash per FTWR share
2. x 1.5 ATT share per FTWR share
3. 30 years of prison evenly divided among Fibertower board of directors who abandoned their moral and legal obligations to the shareholders in the most cynical and blatant way I have ever witnessed.
*Note option #1 and #2 have some extra dollars thrown in to help us all forget that if our government institutions actually did their jobs; option #3 would have been executed years ago.
I get you are saying you think it's unlikely the parties involved would want to risk more delay which would cost them.
However, since the judge has already made it clear he could care less about the parties involved want and/or believe they are entitled to... Will that really have an effect on his decision?
Thanks for taking the time.
Question for folks with legal knowledge on the board:
If everything goes as well as some here dare to hope, and Fibertower goes for billions. BUT for whatever reason, the BK court never orders we (shareholders) get paid... then what? Specifically what would the legal recourse be? Specifically - How often are these types of decisions overruled?
I hope this made sense and thanks in advance.
Hey Pete! I'm glad to hear you are still living the dream. I'm good here. Just flying under the radar and waiting until they figure out they're paying me more than they pay themselves and have no clue what exactly it is I do
I didn't vote for the pres. in waiting, but I've been paying close attention to his moves - as he is the future leader of the free world and I like being alive (I grew up in a suburb in Utah, so I can tell you from experience that being dead sucks).
Anyway... My wife and I are thinking about taking a break for a few days in Orlando in the next few months. Unfortunately, that looks like a good stretch from Palm Beach which sucks because I would love to spend an afternoon shooting the bull with you and finally seeing who can drink more - LOL. Oh well, maybe next year. Speaking of drinking, perhaps instead we'll just go to Vegas.
Thanks for the reply Yodle.
I defer to JTFM and others on this board for knowledge on anything related to FDA and the drug approval process. However, I'm pretty sure this is caught in patent fight hell right now as apposed to being stuck at the FDA. Hopefully someone will point out if I am mistaken about this.
As far as fixing the FDA goes: I'm all for appointing some knowledgeable, qualified, non-conflicted people to take a look at safely improving the FDA. That being said, so far it turns out that "draining the swamp" meant something quite a bit different that what I thought it meant. So I guess we'll what jumpstarting the FDA process ends up meaning.
Lest we forget, "CV event" means you will certainly suffer and you may well die. It's been half a decade. At what point does this just become another case of "the banality of evil"? I sure hope it doesn't much longer to work this out because for me it's getting hard not to scream in terror and what I'm willing to trade for money.
Thanks for joining me in another segment of "Uplifting Post of the Month - Special Holiday Edition". Brought to you by Mace. Join me next month where I'll explain to you about how everything you believe in is nonsense but it doesn't matter anyway because free choice is an illusion. Until then, goodnight!
Hi Jeff,
Here are a few things I'm guessing are hurting us:
I don't know about CEO selling shares, but I've seen several new headlines about how the evil drug companies are gouging the consumer. Also, Hillary has made it clear that regulating drug prices will be at the top of her agenda. So the more points she gets in the polls, the worse it may get. Last time she opened her mouth about it the whole biotech sector plunged.
http://www.latimes.com/business/lazarus/la-fi-lazarus-drug-prices-20160826-snap-story.html
Thanks DD. I have my statement from that time period showing my shares "expired". The whole thing is just so shady. And everything takes so damned long to get resolved in the courts. I've seen people argue that time is on our side... but seriously, these court dates being scheduled for years in advance just make me sick. Is justice really justice if you're dead from old age by the time it's rendered?
A deal being cut seems very likely to me based on what I've read about this fiasco. What I'm a lot less sure of is that any of us shareholders boned in this mess will ever see a dime...
Does any one know for a fact if the bankruptcy court made any kind of a point of who the shareholders of record were before they cancelled our shares?
I've seen very little that indicates to me that FTWR, the FCC, or the court give a crap about us. Will we even be notified? Will the court dig up some list of shareholders and demand that management reinstate our equity? Or are we all supposed to come knocking on FTWR doors once they get some/all of the spectrum back?
The shady secret bondholder meeting they had right before they decided they should file bankruptcy tells me that we cannot trust FTWR management and that we will have a fight on our hands no matter what happens. Ugh.
Excellent. Thanks for posting.
My prediction for tomorrow: One million dollars. Sorry. One hundred billion dollars!
"US government launches $400 million initiative to research 5G wireless networks"
http://www.theverge.com/2016/7/15/12200586/white-house-advanced-wireless-research-initiative-nsf
Thanks for stealing our spectrum!
Excellent. Thanks.
Fair enough. I mostly just wanted to post a clip from "So I Married and Axe Murderer"
I tried telling the yahoo MB people that the FTWRQ message board would go away soon... Most of those tools wouldn't listen.
I tend to generally agree with this sentiment. I do believe that deep pockets, for a short time, can manipulate the price of a thinly-traded security. For months and years at a time however? Very unlikely. Resorting to always blaming the current price on the pentaverate leads to others wondering...
I'm good with the old games. No more massive dives on disappointing revs is fine with me.
That's a lot of great info. Thanks for taking the time! Some of these like RSI I've been watching for some time. I've copied off your post for further study.
Next time my wife wakes up with bed-head I think I'm going to refer to it as a "bearish harami".
I myself have lost the ability for any kind of harami. Sigh.
Edited.
I'm glad to hear you say that. I enjoy talking to you and appreciate your replies.
LOL. I suppose that does make me a chartist. And you are right. If I remember correctly, the price was bouncing in a pretty tight range during that period. I even made some money on trades just watching for resistance and selling, then picking up more shares on the dip. Although I probably didn't do nearly as well as someone who understands the technicals.
I think where we part company is this: I don't think the stock moved from 30 to 50 in month because of technicals. I believe the technicals tell the story of renewed interest in the stock for a variety of reasons (good quarterlies, value proposition, promotion, articles, news releases, etc). They did not drive the price up. People like me and at least one other person on this board started buying around 30. I didn't use a chart. I made a bet based on my knowledge of the company in general relative to the stock price at the time. I can't speak for the other person or their methods but I'm guessing they didn't pour over charts and patterns before buying either. It just appeared to be a good buy.
Please note that I do admit, and have previously mentioned the possibility that at least one of the reasons for the stock jumping could have been traders reacting to technicals (I previously referred to this as a self-fulfilling prophecy).
Perhaps I've misunderstood some of your posts. If so, sorry about that. If not, and you are in fact killing it, please teach me your ways
Fair point about betting everything on one hand.
I'm not sure whether to take your thanks at face value or sarcasm... I choose face value. You are welcome. Thank you for your reply.
In case you were being sarcastic - I'll try to keep my reply short To be blunt, one thing I've never seen any chartist do (for long) is give accurate short term predictions (ones that would be useful for trading). So either they are making a ton of money and for some self-destructive reason come on message boards to risk their cash cow by promoting their methods or they're still searching for an answer (like the rest of us) but are comforted by the structure of an ideology.
Of course, there might be alternatives I haven't considered.
Thanks jadite. I really do remember being just as guilty of this the the first time we passed my "break even" point after the BPAX merger.
BTW you've inspired me. I just decided that tonight I'm going to get started on that chart reading book I bought 4 years ago. Right after I get back from the pub and catch up on a bit of TV. This is of course assuming my wife has a headache and none of my friends are online waiting to play some video games. Otherwise I'll shoot for tomorrow.
Good to hear from you.
Hope you have a good weekend!
LOL. There was a long while there where if anyone cheered about an upward movement you were quick to point out how bad things still sucked. It's funny to me that the line of "being allowed to be happy" about this stock moving up was finally crossed for you. To be fair, It may be that it tickles me so because I myself have been guilty of this on more than one occasion
I don't consider myself a chart basher FWIW. I deal with historical data for a living, so I understand it's value. Also, I have often lamented on this board that I wish I new more about reading stock charts. That being said, I think that trading based purely on technicals can be very dangerous. A predictive model that many people use in a market can tend toward becoming self-fulfilling prophecy. Which is fine until an outlier/unknown comes along and punches you in the face. One good example of such a face punch might be AMD today. I bet there were a lot of solid technical arguments to stay short prior to earnings(particularly with their revenue continuing to decline), but none of them stopped 1 billion of wealth from being created/changing hands today. I bet there are some sad saps on their way to the bar tonight. Knowing history is absolutely helpful in navigating the present. Predicting the future... Well it is until it isn't. Just my .02
Cheers!