WorldSpace Inc fka WRSPQ

[NY73]

no. Liberty purchased the debt from original creditors as part of the BK, so they are the largest creditor, which gives them most, if not all, of the leverage in BK proceedings. They have none of the other liabilities of WRSPQ unless they convert the debt into a deal where they own the company, or, they could try to force liquidation. It all comes down to the value of the NOLs. If Liberty wants to preserve them for future use, they must keep the company intact. Liberty Satellite, to my knowledge, has no operations...it's merely a corporate shell, which is positioned to be the vehicle for dealing with SIRI and WRSPQ.