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Re: MGTY1 post# 4204

Monday, 05/14/2012 4:54:09 PM

Monday, May 14, 2012 4:54:09 PM

Post# of 4759
I believe the asset purchase agreement included spectrum licenses, software, hardware, ground station related hardware, etc. Can't recall. You can use PACER online service, as I suggested earlier, to look at that, as all the docs filed with the BK court are available. Yes, the satellite in storage was not mentioned in that agreement, and it's status as such has been mentioned many times on this board. It most likely still belongs to WRSPQ, however, it's old technology, and if I recall from earlier info, isn't far from end of life. Same for the two orbiting sats now with Samara.

The point is that there aren't any valuable hard assets left. The cost to launch the sat in a shed is probably not worth it considering the age of that sat, but that's just a guess. I really don't know. I imagine Samara knew that, and is probably why he didn't get it in the deal, because he didn't want to pony up more money for it.....aging sat, expensive to launch, and he had limited funds.

This company may be useful for some player as a shell, but that's it. No technology, no patents, no licenses, nothing remains, but the old sat in a shed. All was sold already, for a song, to Samara.
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