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Justa_Guy

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Justa_Guy

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Saturday, 07/09/2011 10:37:38 AM

Saturday, July 09, 2011 10:37:38 AM

Post# of 14551
I have noticed something while going through these posts...

One message says Judge approves $1.375bn sale but that doesn't mean it's confirmed. I also noticed this...

TerreStar filed court papers on Wednesday asking to repay $1.26 billion owed to secured creditors before the end of September, rather than wait until the deal closes and incur interest at the rate of $46 million a quarter.

This sounds to me like the deal is already done, how else could they repay $1.26 billion owed. I assume they must be confident that the deal is done before they filed court papers. They just don't want to wait for all the red tape when they can pay their debt now.

Makes me go hmmmm....
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