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Re: trader111 post# 6359

Sunday, 07/10/2011 7:00:29 AM

Sunday, July 10, 2011 7:00:29 AM

Post# of 14551
You need to apply the $1.38B from Dish against the TerreStar Networks liabilities, not the TerreStar Corporation liabilities.

So your numbers in 1. are correct. We have to wait and see what additional cash TerreStar Corporation may get for the $63M in notes it holds in TerreStar Networks after the Dish payments are allocated. Not sure there is enough left for any common shares, so will depend on whether TerreStar Corporation owns common or preferred.
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