WorldSpace Inc fka WRSPQ

[NY73]

Well, I think this is just about Liberty lending more $ to WRSPQ. And, the 'final hearing' for March 5 seems to be about a formal final approval of the DIP financing agreement and nothing more. I don't see any mention of a restructuring plan being presented at this 'final hearing'. The only mention of restructure is in the context of the financing and when DIP finance extension is effective, in other words, on X date unless there is a restructure plan approved prior to X. That's just legalese, as that language has been used over and over in these recent orders. My take on this is that there's nothing in these documents indicating what or when, restructuring will occur, BUT....it is certainly good news that Liberty is continuing to lend them $. If they were simply going to liquidate, why keep dumping $ into it? However...let's not forget that short of liquidation, even a restructure may not preserve existing common shares. That element is all about the NOLs. If Malone thinks the NOLs outweigh other costs...we win. Let's hope that's the case. Just sayin'.