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Re: MGTY1 post# 1757

Wednesday, 03/24/2010 8:14:00 PM

Wednesday, March 24, 2010 8:14:00 PM

Post# of 4759
Seems to me like the court approved Jan 6th 2009 the assets to be auctioned off to the highest bidder. Wonder who is the interested parties?
Chapter 11 is a restructure of the company and WRSPQ still has control, not like chapter 7 BK, where you don't have any control.
That is probably the only assets Worldspace has to its name. We still don't know if this is a hostile stand or maybe SIRI is buying them. Who knows?
There is still the new sat. in storage in France. This seems to come to a head 30 th of April 2010.

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