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Re: None

Friday, 07/08/2011 7:39:59 AM

Friday, July 08, 2011 7:39:59 AM

Post# of 14551
Food for thought

on page 32-35 of the motion it states "parpharsing" the court will only allow the sale of assets if all debts, leins or encumbrances are paid. "short version"
the secured creditors are always the first talked about. the Unsecured are not. As an unsecured creditor your only recourse to recoup any money is by filing a "lien" against the company as a whole which includes anything you have of value. So they are also being taken care of. maybe settled for pennys on the dollar but they are included in the Dish sale.
That being said, the company emerging from bankruptcy whole as they have, with commons intact, debt free and with $90-150 million cash. Now I am sure that there are other costs like "employee compensation" that will come out of that money. and other misc costs. "But" with only 139mm O/S, a PPS .10 only requires $13.9mm to achieve. and a debt free, operational, cash in the bank Company has value.
But I have been at this a while,, and so who knows what other boogyman is hiding around the corner that we cant see..
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