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Monday, January 10, 2011 3:57:08 PM
Twelve YEARS have elapsed since LMDS spectrum was auctioned. No one wanted it in 1998, except for certain individuals employed within a few big communications corporations like Hughes. They knew they could milk the concept for a few years, the last year being 2005 that anything at all was published at Hughes on LMDS. The interested parties published their reports, collected their pay and said in big corporate fashion, opps! but thanks for the salary!
At MDGC you have the dregs of that money milking operation still at work. Selling stock down to .0001 is the name of this game. Up a bit, down some more, but zero or a reverse split is the goal for this pinkyland gem.
What is so hilarious is this story was dead 12 years ago.
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