Fibertower Corp fka FBBT

[wirelessman77]

(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.

The debt holders could have always hedged their position by buying up the common shares at sub $.05 prices as the price stayed there for what seemed like over a year. 48M shares were outstanding and it seemed logical that they would have accumulated as much as they could in order to hedge against the judge sniffing out what they were trying to do and that was completely low ball the spectrum and pass it over to themselves.

48M shares and at last check I think Samberg owned 7-8%, Crown Castle 3-5%, Solus 5% etc....lots of room for the debt holders to be buying up shares on the cheap to protect themselves.