ok, i've read all 234 pages...well..scanned thru them. Some interesting stuff:
I didn't see anything that included the spare satellite in the asset sale (worldstar is the name of that satellite). Only references were to excluding the contracts related to storage of that satellite. This would mean that the spare remains with wrspq.
Liberty agreed to the asset sale with the specific provision in the motion that Liberty has lien on the $5.5M payment at the closing.
Shareholders, and everyone on the planet, are barred from suing Yazmi as a result of this court order.
WRSPQ may not go Chapter 7 pre-closing date, but this makes sense to preserve the asset sale agreement.
There is a statement that says that the deal was in best interest of wrspq to emerge from Chapter 11, but, that sounded like boiler plate language.
It looks like a lot of spectrum licenses were included among the assets, but, not knowing how many they have, can't determine if that's all of them.
So...we still don't know what is going on, other than two sats, licenses, ground stations, and other equipment and patents/IP, are going to Yazmi (Samara) for $5.5M...which is then attached by Liberty. This does not tell us what the hell Liberty is up to here.
AI
