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OTC BB King

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OTC BB King

Re: NY73 post# 310

Sunday, 12/06/2009 11:56:41 AM

Sunday, December 06, 2009 11:56:41 AM

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No, you have it wrong. That $28M was to purchase the assets directly from WorldSpace, that had zero to do with paying off the creditors. Malone delt directly with the creditors and now essentially has gained control of WorldSpace. He must want the company to continue operating for some reason or he would have just scooped the assets for around $30M rather than buying debt/liabilities for $100M.

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