WorldSpace Inc fka WRSPQ

[NY73]

Not necessarily. Common shares are in Worldspace Inc, which owns the Indian company. That company is an asset of Worldspace Inc, which can't be completely separated without some type of agreement by the parent company, which is in BK, with Malone as the only creditor. Not a lawyer, and don't have all the facts, so who knows. But, the good news is that the bankruptcy court is in charge of making sure settlement is fair, so it's not like Malone can do whatever he wants. He has assumed risk by buying the debt. Unlike the SIRI deal, he didn't invest $ in Worldspace. He paid off creditors for x on the dollar, and now holds the notes, apprently all of them. Question is, what is Malone's plan? Does he just want the satellites and the spectrum licenses, or, does he want the operation that's running in India? What can he get via the bankruptcy court proceeding? Will he restructure the company and continue WRSPQ, or can he force liquidation, wipe out commmon shares? I guess my point and question is, what are the opinions of those on this board? It's not a simple 'Liberty owns Worldspace'. More complicated, I think. IMHO.