Replies to post #4029 on Fibertower Corp fka FBBT

[Pregnatburitto]

Pulled this from one of jl's old post. Vultini if JL is posting BS, i give it an A grade. Its better than any bs you have posted and provides at least a means for people to verify what he is saying by reading the settlement agreement, I'm not saying he knows the outcome 100% but he at least provides a road way for you to follow his logic, vs throwing out insults or garbage posts.



"Author and many of you fail to understand the settlement agreement. If you were a shareholder of Fibertower and never sold you are going to get paid. It is clear in the settlement agreement that there are 2 pieces. There is the first part being the "Transaction" and the second part being "The Stockholders Purchase Agreement". Levy and Fahy spelled it out for you in their documents that Codesilver posted here. The first part $207M or The Transaction allocates the company out to both the shareholders and the bondholders and most likely settles up with the unsecured creditors. That essentially settles the score and creates the entity. Then "The Stockholders Purchase Agreement" is the buyout of that newly created entity. Essentially AT&T is swooping in and making things right for shareholders. It is all right there in the settlement agreement. The only question is what is the amount behind The Stockholders Purchase Agreement? That is what Fahy and Levy were asking the court to release prior to issuing a final decree on the chapter 11 case. That author tries to sling some mud on AT&T but they are the best thing to happen to the situation for a shareholder. They want to settle this entire deal correctly and move on and utilize the spectrum in 5G. $207M is not the final deal price in totality(Solus and Broadbill would rather keep the spectrum in the courtroom at that price and factor in the October Amendment to the Purchase agreement which could have upped the amounts being post Straightpath Deal). If $207M were final you would have seen an SEC filing. Once the final decree is issued and The Stockholders Purchase agreement is executed then you will see the announcement or SEC filing. This isn't that difficult to figure out if you have the right set of eyes looking at it. Spend a few bucks and discuss it with a competent attorney."