Replies to post #2593 on Fibertower Corp fka FBBT

[rfarmer]

Problem is you don't have a dog in the pit fighting for your share of the steak. Hoping what is true and just will happen is just that...hope....and hope is not a good strategy.

When the BK process all went down they could have valued the company at $125M....and shareholders would have wound up with about nothing. At the time $125M would have seemed far more reasonable than the $5-$6M they tossed around. Tough for me to gauge what there long term plan was for to maximize their return and cover all their bases. I do believe Solus/Broadbill/Pucillo/Subin and crew bought up as much of the common as possible to cover all their bases. This thing traded at sub nickel prices for the longest time so they had plenty of time and enough shares traded for them to do so.

In valuing the company at next to nothing back in 2013/2014 I have to believe they may have thought shareholders would come back around and be in play longer term. It was so over the top ridiculous that it made no sense.

Anyway I bought enough shares and realize zero was in play for the longest time that I think $4-$8 given the players and what they have done is a fair shake. I will take your $20 to $40 or whatever and be thrilled as well.

There now we can be friends macerimmer.

[condoe3]

I would think the the FCC shares no luv for the characters running Fibertower, and while the Bankruptcy court signed off on the reorganization plan, it would not be unreasonable for the FCC to demand 2 items, the first one being that the 692 licenses will only be returned to the debtor estate, and secondly, before the FCC will agree to a transfer of the 692 licenses to the reorganized fibertower the bankruptcy plan would need to be reopened and the the disputed licenses priced properly to correctly compensate those holding either a bond or stock interest in fibertower