Fibertower Corp fka FBBT

[wirelessman77]

Bottom line is that the FCC has to take into consideration the facts leading up to the strong possibility that the Bankruptcy Plan can be reopened and that these licenses can continue to be put into remand for years. The rebuttal by the counsels for AT&T and Fibertower fail to provide a single point as to why the bankruptcy plan cannot be reopened other than it is a done deal and it cannot be reopened. A bankruptcy plan can be reopened and it was clearly outlined in one of the pleadings as to why it can and should be reopened.
They failed to address that the plan was contingent on the assets that were 94% in remand with the courts, unwinding the bankruptcy plan would not have adverse affects on parties involved(how could it as 94% of the assets key to the plan were under remand and the other 6% were generating little or no revenue),and that the valuation methodologies were very suspect during the process.
I would assume that the FCC would take a strong look at this and have additional questions as to the merit of those(Shareholders and Unsecured Creditors) looking to reopen the BK plan and their chances of success and want this risk removed.