Replies to post #425 on Intelsat S.A. (fka INTEQ)

[Ecostate]

WARNING-Intelsat Said to Weigh Chapter 11 Among Options on C-Band Plan- ntelsat SA is considering a possible Chapter 11 bankruptcy filing if U.S. regulators don’t increase the amount of compensation the company would receive for giving up some of its airwaves, a person close to the company said.

Intelsat has hired bankruptcy experts at Kirkland & Ellis LLP to prepare for possible restructuring, said the person who spoke on condition of anonymity because the matter isn’t public.

https://news.bloomberglaw.com/tech-and-telecom-law/intelsat-said-to-weigh-chapter-11-among-options-on-c-band-plan

[makingitnow]

yeah scary. I took a hit but averaged down to 4 bucks. be glad to get out.