Fibertower Corp fka FBBT

[Sandpaints]

For those not subscribed to Seeking Alpha.

You would have to login to read the comments, so in case you didn't want to subscribe there for whatever reasons, here's what I posted in the AT&T discussion where the author Ray Merola has some 7,000 investor readers following him. Use it as you will.

Quote:
"Out of Luck" is what happens eventually to tyrannical systems of all sorts in all ages ultimately. The people are not blind.

The FCC commissioners and AT&T management executives have before them a clear situation where they can serve the public interest and at the same time curb, rather than join, an abuse of power. Either or both of these agents can see to the correction of Fibertower playing the system to obtain an unfair gain. The correction can and should be taken out of proposed Fibertower funds to be derived from an as yet undisclosed pending deal price tag. That solution is both reasonable and pragmatic.

It is time to 'Drain the Swamp' as was a cue that there is mounting public resentments both toward government and corporate behaviors that have endured going on more than a decade. What is needed is real leadership in both those arenas, or there will come a time when "Out of Luck" goes all around again.

A proper correction would not be hard to arrange and it would stand to the good credit and future prosperity of society. The 'common good' is what is in the basic definition of the concept of common shareholder.

Tell that to the FCC commissioners, to the investor relations departments, and the board of directors - all.

For an interesting read I would suggest an article that appeared in Rolling Stone in 2011 written by Matt Taibbi. Although it goes well beyond the facts being discussed here regarding AT&T, and is no dispute with the well written analysis by Ray Merola here, it does show why shareholders would rather fight than accept a push to the side. :
http://rol.st/pI20mN

It is a long article, well summed up in part of the last paragraph:

..." But these frauds are worse than common robberies. They're crimes of intellectual choice, made by people who are already rich and who have every conceivable social advantage, acting on a simple, cynical calculation: Let's steal whatever we can, then dare the victims to find the juice to reclaim their money through a captive bureaucracy. They're attacking the very definition of property — which, after all, depends in part on a legal system that defends everyone's claims of ownership equally. When that definition becomes tenuous or conditional — when the state simply gives up on the notion of justice — this whole American Dream thing recedes even further from reality."

I believe when Matt Taibbi's vision expressed above finally happens, yes, then we can turn to "OUT OF LUCK." Until then there are other wiser actions that are required."

End Quote: