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Re: portcitybob post# 3605

Friday, 07/15/2011 4:01:15 PM

Friday, July 15, 2011 4:01:15 PM

Post# of 4759
Portcitybob....I'll take a shot at answering your questions as best I can...
We don't know yet how much $ was paid to wrspq for the right to license use of the name. I don't think it matters which one, as both trademarks are owned by wrspq.
Yes, it's a ton of money going out the door, so it's either a complex plan, or, it's a complex scam. We will know if it emerges from bk, or simply liquidates when the money runs out.
You mention Malone investing $21M. I don't know where you got that number, but I don't think the amount has ever been made public, other than the direct DIP loan, but that was repaid when the asset sale happened earlier this year. I don't think anyone knows how much he paid to buy up the debt.
The satellites in orbit were not decommissioned...they were sold as part of the asset sale to Samara's new scam (I mean new company).
I believe the only hard asset remaining is the spare satellite in storage, other than office equipment, and of course, the rapidly disappearing cash in the bank.

and someone earlier was speculating about July 15 or 21, and extension to end of year. Those timeframes are not related to wrapping this up. They were extensions to permit wrspq to remove to bk court any lawsuits that may pop up. Nothing to do with a line in the sand to conclude bk.

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