Replies to post #3901 on Fibertower Corp fka FBBT

[horndawg77]

I think there is still a glimmer of hope although it may be fading fast. If the 2Q report from AT&T shows a distribution of funds from the AT&T Mobility side and old fibertower shareholders have not been notified of any kind of disbursement then I believe it would be safe to say it is over.

At that point our only recourse would likely be to band together and file a class action lawsuit against all parties involved and force their hand.

Truth be told...I don't think anyone here is truly demanding an unreasonable payout. It is a matter of simply being rewarded for having the same foresight into the true value of an entity that the major players had. They just happen to have had the financial resources and knowledge of the legal loopholes to pull off a heist at the expense of the common shareholders. Kudos to them.

If we band together maybe they give us our $60 million to go away. If they don't and we have the balls to take it all the way AND a judge sees it our way AND there really was another billion dollars added to this transaction...then maybe we do end up splitting $1.2B 48 million ways and sticking it to them.

Likely? No. Possible? Anything is.

[Sandpaints]

ELA - I've been away for a few hours doing chores etc., However, you asked a good question that might be answered in some ways.

Imagine you might intend to take some kids to a movie show, but you don't know for sure if the mechanic is going to have your car repaired in time or call back with the news that the car is ruined to the point that it won't be driven in the future. So you don't mention the movie because it might not happen, and if the car is actually ruined then you wouldn't be taking anyone to the movies for a long time due to financial problems.

So the kids are nagging you about the movie but you can't give them the full story of your troubles.

It's not a very good example, but again maybe anything said by AT&T at this point would be a potential commitment they don't want to make for just out and out unnecessary financial obligation reasons.

We all feel a bit bad about how this is going, but we have to wait. Meanwhile, Sonny has given us a picture of how the $207 million is part 1 of the deal - and I am satisfied that his calculations make a certain amount of sense. The $207 million got the machinery turning, but it could get sabotaged.

180 days following the announcement of the settlement agreement is deadline June 26th-28th, I think. There's still work to be done by FiberTower scoundrels, AT&T is helping out with reservations regarding a full disclosure, and Solus is a dark horse mystery but in the race pack somewhere.

[Sonny_Crockett]

ELA44 what you view as shady I like to view as AT&T making sure they are dotting all their i's and crossing all their t's. Fibertower and the Hedge Funds behind them are complete sewer sludge but you have a company such as AT&T that has the resources and is in a position where they have to do everything right and if structuring the deal in a manner that cost them and extra $60M or $207M or $500M etc...whatever amount is needed to make things right which to AT&T means ensuring they have the spectrum they will do so. I also assume the vague press release is all driven by legal to the point where they won't issue more detail until the deal is 100% and they have spectrum in hand guaranteed. Fibertower and Solus don't care about their reputation or their strategy going forward. But AT&T has concerns about their image and locking down that vital spectrum for 5G.