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Kamrankha, save yourself and others the trouble and get "idiot" tattooed on your forehead.
Good Afternoon Sandpants(AKA Captain Conspiracy)
https://en.wikipedia.org/wiki/Dog_and_pony_show
At least you got a hard on thinking about it. Does Nancy Pelosi do it for you too Sanpants?
Good take your vacation. You dropped a hornets nest on a nice picnic and ran away. Go work on your bunker while you are stocking groceries idiot.
I don't think you realize we are at the one yard line ready to score and win the game. You seem intent on some heroics when a couple of simple basic run calls will do the trick. You are what you are but don't label yourself as some hero and giant killer.
5G is taking off. We are going to do well.
Better to remain silent and be thought a fool than to speak and to remove all doubt.
$$$$$$$$$$$$$$$$$$$$$$$
The mules on this board are led to water, they drink, and then take a piss in the water. Keep reading that Settlement Agreement Boys.
The tide has definitely turned for the better and blue skies and sunshine are ahead very soon.
Luck Is What Happens When Preparation Meets Opportunity
I like that one. Some philosopher coined it and I always went with the practice slogan. Same jist.
Ben Hogan said, ‘Golf is a game of luck, the more I practice, the luckier I get.’
$207M? Someone is doing some sandbagging along with some smoke and mirrors. Pucillo, Samberg, and Probably Subin were also loaded to the gills with Straightpath Stock. Pucillo bought up 10% of that leading into Q4 2016.
No way $207M is the final amount.
-$207M indicates a dime on the dollar compared to Verizon Straightpath deal.
-On the Verizon/STRP basis if the value is $2B, AT&T is in a jam, FCC is in a jam, then why not squeeze them for much more? Why not take it to court as well?
-Spectrum Frontiers greenlighting 39ghz was in October 2015. Off that move the spectrum shot up. Not to mention 24ghz was nearing approval for mobile as well.
-Pucillo made the rounds on Bloomberg touting spectrum plays.
-$207M may not even get them above water considering the writedown on the bonds they owned and the time value.
Someone is playing games but I never figured the FCC and AT&T to mess around. February 2017 announcement of purchase was smoke and mirrors and press release on Friday was smoke and mirrors. I have yet to see Fibertower mentioned in any of AT&T's SEC filings??? Seen and heard it on conference calls and some of their quarterly presentations but not any SEC filing directly addressing it.
Can anyone predict a scenario where Fibertower pulls the rug out or are we waiting for another shoe to drop and see that $800M more is being doled out making it close to an even Billion? I will take more but lets start at a billion.
Vuletini? 2M Shares? Nothing to say. What is the word from your attorney?
I think you are pulling my leg or have gone off the deep end. To the FCC.
Anyone here ever submit anything?
Verizon's Call was loaded with 5G Talk.
I would think they have to address the Fibertower situation.
I would suggest you send some individual emails to the following analysts prior to this weeks earnings call. I would be polite and direct to the point and reference Friday's release by the FCC. I would inquire about the risks AT&T is facing with closing out the deal with regards to the Chapter 11 case. These analysts don't give a dam about the Common Shareholders of Fibertower but they do care if you can delay or impede AT&T's access to critical 5G spectrum.
Got It? You do this right and Fibertower may get some play on the earnings call and wake some people up to some historical facts and risks.
amir.rozwadowski@barclays.com
frank.louthan@raymondjames.com
James.Ratcliffe@evercoreisi.com
jennifer.fritzsche@wellsfargo.com
john.hodulik@ubs.com
mmccormack@jefferies.com
philip.cusick@jpmresearchmail.com
simon.flannery@morganstanley.com
Tim.Horan@opco.com
$27M is the FCC saving a little face and saying look what we skimmed off of this deal along with some 39ghz and all the 24ghz. They may get more in the Final Transaction.
How do you get to us getting $2-$3 per share?
Along with Wireless and Hordawg I can't figure out if Fibertower and AT&T basically paid $60M to get the licenses back and reinstated and that is independent of the ATT / FTWR Deal Price. Based on this outcome though apparently Verizon and Straightpath are in the good graces of the FCC compare to ATT and Fibertower.
Sandpaints and Legal Analysis in Support of Fibertower....
#1 FCC cancels licenses
#2 Fibertower files Chapter 11 as a result of FCC cancelling licenses
#3 Fibertower gets a stay on the FCC transferring those licenses to anyone
#4 Fibertower bases its successful reorganization solely on recouping their licenses back from the FCC
#5 Fibertower convinces BK judge that the 42 licenses they actually do have are worth just $1-$2M and the remaining 690 or so licenses under remand in the courts are worth just $0 They are worth just $0 because Fibertower who is spending millions in legal fees has no assurances that they will ever be able to get the licenses back. This is Tom Scott’s opinion and no other opinions were given any credence whatsoever. In my mind if the 690 licenses were valued at $0 then you have no chance of ever getting the licenses back.
#6 – 09/02/2016 Legal Analysis(Great Find by Sandpaints). Outlines the flaws in the FCC’s case and why the licenses should never have been taken. One of the FCC’s key points was that Straightpath had provided services in their 28/39 ghz bands which everyone knows at this point was a complete frabrication of substantial service. The FCC used Straighpath’s Substantial Service to justify that service in the bands was commercially viable and if Straightpath had done it then Fibertower should have as well. If you haven’t read the document then I suggest everyone should. Again this is a crown jewel find by Sandpaints.
Top Document/PDF in this Search or simply Google Fibertower Legal Analysis:
https://www.google.com/search?source=hp&ei=DbhkWuqyNsm-tQXyyb_ABA&q=fibertower+legal+analysis&oq=fibertower+legal+analysis&gs_l=psy-ab.3..33i21k1l2.586.5216.0.5476.26.15.0.0.0.0.641.2055.0j1j1j0j1j2.5.0....0...1c.1.64.psy-ab..21.4.1800.0..0j35i39k1j0i131i20i264k1j0i20i264k1j0i131k1j33i160k1.0.sjxTEuQ1Xtg
#7 – If #6 above is in fact true then doesn’t it make just about everything null and void to the point where they should go back and figure out who is owed what? I don’t think the FCC will admit it similar to they didn’t want to admit they were completely asleep at the wheel with StraightPath.
#8 – I don’t think they counted on Levy and Fahy or anyone for that matter to lay out things in the manner in which they did. Fibertower has egg on their face, Tom Scott has egg on his face, The FCC has egg on their face, The BK courts have egg on their face etc….The FCC can wiggle out of this completely by rewarding and settling up the ledge with just about everyone involved. If the price is right there is more than enough to go around for everyone to lick their chops.
It’s almost as if Michael Lewis could do a book and movie on the ineptitude of the FCC and the fleecing they enable of shareholders and taxpayers(Citizens) in order to make Telecom work in this country.
So it will be life between Sandpaints, Rfarmer, and the Message Board:
There will be more than enough to spread around and make everyone happy. We should get $2 to $4 per share or so. So much for the FCC to sort through. Hopefully this all gets sorted out in the first quarter of 2018. I have to surmise that ATT is pressing hard to get their hands on the spectrum and keep pace with Verizon. Right now it appears to be a war of words and press releases. Back in the 2010 time frame Verizon beat ATT to the punch with LTE and they reaped the rewards of that nicely.
Respectable Manner = PayDay for the Common Shareholders.
And how does it go back to the judge?
Then you deserve a pat on the back but you can't disagree there are a bunch of benchwarmers here.
I guess you were too lazy as well. From what I could see there were 2 quality guys writing in, 3 quick and easy letters that would gain no traction, and a bunch of guys who sat around with their peckers in their hands.
An astute observer who thought there would be more contribution from this board. You better hope Samberg is the one with the Ace.
Keeping it confidential doesn't do much of anything.
I guess you enjoy waiting for crumbs instead of going after the piece of the pie that should be yours. Like I said the FCC opened the door for all of you to be heard and you passed. There were only a few good write ups and replies submitted. You all talked and talked and talked but when it came time to step up you passed on the opportunity. Jack Wagon Condoe posts non stop riddle like nonsense and I bet he didn't submit a thing. All most of you are is old timers at the coffee shop talking about what could have been. Like I said you were given an opportunity and you curled up like a hurt dog in the corner. Either you have bark or you have bite and most of you had neither, just a wimper.
Ace up your sleeve?
Just curious as to whether all of you have an ace up your sleeve or are too lazy to do anything?
Sandpaints
Atedmac
Pregnatburrito
Keeper2901
Wirelessman77
Horndawg77
Codesilver
Condoe3
Vuletini
Phoneczar
Superflyjackson
Rfarmer
Cellardwellar
Wellitmaybeon
And there are others.
That’s more than 12 regulars on this board talking about Fibertower. So why when given a chance for the Public and The FCC to hear your thoughts and opinions most of you didn’t put forth the effort into petitions to deny or follow up with replies to the joint opposition by the AT&T and Fibertower legal teams? Apparently most of you must love getting crapped on, spat at, and laughed at or you have an ace up your sleeve. So which is it? You make it easy for Wall Street to pick your pocket, followed up by a punch to the gut, and then walk away laughing at you.
From the Court Documents. From the BK Judge. How many times does it have to be posted.
(3)Pending licenses shall remain property of Debtors' pre-Effective Date Estates and subject to the continuing jurisdiction of the Bankruptcy Court pending the FCC's determination of the transfer application with respect there to.
Roll Outs will be accelerated. Google is applying the pressure.
ATT, Verizon, Comcast, Charter, Time Warner etc...will not sit idly by.
Good news for Fibertower as the court dates are not until 2019.
Google urgently wants to test superfast wireless broadband in 24 US cities
Google has sought urgent approval from the FCC to begin testing wireless broadband equipment in 24 cities across the US.
Google is urgently preparing a new round of secretive tests of wireless broadband delivery in the US, where it's angling to sidestep incumbent telecom operators.
In a new filing with the Federal Communications Commission (FCC), Google has sought a special license to test wireless broadband technologies in the 3.5GHz band across 24 US locations for two years.
Google said the experiments would support the development of technologies for the Citizens Broadband Radio Service (CBRS), which operates in that band and will be used as a test bed for spectrum sharing.
Execs from Google Access, the unit responsible for Google Fiber, have been exploring fixed wireless broadband for low-density areas where costs prohibit laying fiber.
Google has requested the authorization be "granted expeditiously" for tests between 3.4GHz and 3.8GHz, the space that has been made available for small-cell spectrum sharing by CBRS devices.
It notes that existing licenses for ongoing tests in this band at several locations are set to expire in December. The 24 locations in the new application are spread across cities in California, Colorado, Kansas, Nebraska, North Carolina, Utah, and Virginia.
Google plans to test base stations as well as end-user devices with approved staff and contractors.
Google also intends to use the test to improve its Spectrum Access System (SAS) database, which may eventually be used to manage spectrum sharing in the 3.5GHz band. Google had previously developed the SAS database for TV white-space spectrum sharing.
News of the application followed a report from the San Jose Mercury News that Google's Fiber rollout has been delayed in some cities, including San Jose where a plan to lay fiber was abruptly brought to halt last month.
With its recent acquisition of the small ISP Webpass, Google does have another option now to roll-out high-speed broadband without necessarily digging up streetscapes to lay fiber cable.
The Webpass technology is suited to high-density areas with an abundance of apartment blocks, whereas small cell networks in the 3.5GHz range could also be used to provide fixed wireless broadband in rural areas.
Nearly $3 Trillion in Market Cap is interested in 5G. ATT , Verizon, Comcast, Google, Time Warner, Sprint, Tmobile, Amazon, Facebook, Microsoft, Americant Tower, Crown Castle, SBA Comm , and Others.
The licensed spectrum and infrastructure is the backbone of delivering 5G to the densely populated areas. That spectrum will be needed well in advance of the court dates as the planning will need to take place years in advance. Fibertower essentially played the card of controlling the access to the spectrum and locking it up until 2019. They may still get it in the end but something will need to happen to free it up well in advance of those court dates. That something is $$$ to Fibertower and FCC to settle and free it up.
Why The Acquisition Of WebPass Could Be Significant For Google Fiber?
Recently, Alphabet Inc.’s subsidiary Google Fiber announced that would acquire Webpass, a 13 year-old company that focuses on providing high speed internet connections for residential and commercial buildings in the U.S., primarily using point-to-point wireless technology. This acquisition is in line with the company’s strategy to focus on new, cheaper wireless technology to beam high-speed internet to people’s homes. This acquisition gives Google Fiber access to a new wireless technology that aims to radically change the way internet is delivered. WebPass is helping to test a technology called “pcell”, which is a wireless antenna personally assigned to a user. By installing these antennas in buildings where Webpass provides broadband services, the company can significantly improve connectivity on wireless devices. Alphabet is working towards building better internet connectivity, which is crucial for its business and that of its competitors. Facebook, Amazon Web Services and others are working towards a similar goal. Accordingly, the acquisition of WebPass can give this initiative a boost and enable Google Fiber to expand at a rapid pace.
Rapid Expansion Of Google Fiber
Webpass is active in five major areas in the U.S., including the San Francisco Bay Area, Chicago and Miami. The company already has more than 20,000 customers. The acquisition of WebPass provides a boost to Google Fiber’s expansion plans in the Bay Area and gives it a competitive edge over cable broadband companies who usually provide broadband access to consumers in large apartment buildings in this region. While penetrating this market was tough for Google, Webpass’ technology makes the company a strong player in this space. Google started building its fiber network in 201. However, expansion has been relatively slow as building a fiber based network is expensive and time consuming. On the other hand, point-to-point wireless connections (the technology of Webpass) uses high frequency spectrum or air-waves that can deliver high speed access at a fraction of the cost and takes only days rather than weeks to set up. This can ensure the rapid expansion of Google fiber especially in urban areas.
Better, Faster Internet Critical For Google’s Business
Google is working on providing better internet connectivity to users, especially in emerging economies. Making internet access better and faster for a larger community of users is critical for Google’s business. Moreover, access to technology that enables the company to meet this goal provides a long term benefit. Competitors such as Facebook are also working towards this goal. Facebook recently hired a former Google Fiber executive to help the company make infrastructure deals for its connection efforts. While the acquisition of Webpass will currently support Google Fiber’s expansion efforts in urban areas in the U.S., the company can build on this technology going forward, which can act as an enabler for its better connectivity efforts globally.
You can be certain the bondholders did try to screw everyone and will continue to do so
The judge sniffed out what the bondholders were trying to do and thus:
(3)Pending licenses shall remain property of Debtors' pre-Effective Date Estates and subject to the continuing jurisdiction of the Bankruptcy Court pending the FCC's determination of the transfer application with respect there to.
If you can recall the debtor's tried to assign next to nothing value to all the licenses(Used Former CFO Tom Scott to do the valuation) and retain all the licenses for themselves and leave the unsecured creditors and shareholders with nothing.
The unsecured creditors did their own valuations(Sealed Flynn Document) and their valuation was multiple fold of what the bondholders committee arrived at.
The list of debts owed are estimated at the following:
Bondholders $175M
Unsecured Creditors $50M
Total $225M
Considering all that has happened in the industry and that the 39 GHZ has been given mobile rights by the FCC for 5G and that large companies are doing testing with the spectrum for 5G then I would assume it's worth is far greater than the $225M mark. Also the 39 ghz was given very favorable treatment by the FCC in being Economic Based Areas and that there is a contiguous block of 37-40 Ghz including the 39ghz which will be desirable because it provides ability to aggregate large swathes of channels.
Then you add their 24 ghz holdings on top of the 39 ghz and you probably have an asset that is worth way more than the $225M mark.
Hopefully you kept copies of your statements but it is essentially tough to eradicate former shareholders at this point even though I wouldn't put it past the bondholders. There are records out there of who owned what at the date of shares being extinguished which I believe was around April 2014.