There appear to be obvious flaws in how this was done and a re-opening of the case with the AT&T sale will have no impact on the reorganized entity at all. The flaws or technicalities that a skilled law firm could run with on this are countless.
Assets weren't just undervalued....they were assigned no value. The assets were assigned a zero liquidation value yet the debtors were willing to spend millions to keep the asset in good standing with the FCC? There has to be some value assigned to the asset yet they went with $0? Some licenses were pre-effective date estate some were not.
And yes the debtors using Tom Scott the Former CFO to do the valuation and administer a trust that relieved former officers of responsibility?
Does anyone else on here think that an offer will be put forth to the Common in order to appease us and make us go away? It would be a lowball offer but it is a starting point.
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