WorldSpace Inc fka WRSPQ

[NY73]

MGTY...I don't think so....it looks like he took common shares for the $20M, so he's at risk. Doubt he could recoup unless all common shares kept intact. Does Malone care about Noah? No clue. But, let's say he did, and wanted to help the guy...he could give him shares in the newco or in Liberty or some other deal, rather than preserve all the common shares, should he decide it is better for Liberty to liquidate WRSPQ. As far as preferred shares, which I mentioned, I was referring to a future issue of preferred shares as part of restructure, which Liberty might take as part of the security interest for the debt they now own. As long as the preferred shares don't cause a shift to majority ownership for Liberty, the NOLs are preserved (similar to how Liberty structured the deal with SIRI, although that was not a BK deal as you know). I don't know if there are any preferred shares currently.