TerreStar Corporation (fka TSTRQ)

[imperativity]

Does anyone else have a comment on this paragraph from that article I posted?

http://www.rethink-wireless.com/2011/06/16/dish-network-lands-stalking-horse-bid-terrestar-spectrum-14-bn.htm

The offer from Dish was carefully calculated at $1.375 billion adding up to enough to pay off all secured debt leaving $90 million the $200 million in unsecured creditors. Shareholders would, of course, not get anything, as is customary in bankruptcies of this type, which would leave LightSquared losing its 12% holding and most of its unsecured debt notes it has traded in.