From Wise on other board :
"I'm not sure, but I think there are some people who believe with MOBL's recent 8-K filing that MobilePro will be forced to address its debt situation...and either move forward or file for bankruptcy protection. It certainly appears this is the beginning of a resolution - be it a good or bad for the company and shareholders.
I'm still of the opinion that YAG's refusal to extend may be something MOBL actually wanted to happen so they can request the FCC to help move the DAC cases forward, and/or give weight to the court with reference to the USA/Fogg suit. Regardless of who, why, when, what the exact reason for the YAG decision not to extend MobilePro's debt really is - it is definitely causing some interest...and hope for a favorable conclusion.
More then 10% of the outstanding shares were traded Friday. I realise that some people may think the price rose 200% on nothing more than a handful of traders purposely raising the Bid price, but I completely disagree. There were many individual trades, and the previous B/A prices were wiped out as the price climbed throughout the entire day on demand. I'm not suggesting this demand will continue for any period of time, but there is no doubt there are some buyers very willing to take-on MOBL's stock now that they feel something is finally going to happen.
If MOBL is forced to file for BK protection I do not believe a BK judge will allow MOBL shareholders to be forced give up $60-$80+ million in potential DAC proceeds when the company only owes $13 million to its debtor (YAG) and one of the cases before a Maine court is the telco they're trying to sell, which has a value much more than the $13 million owed YAG.
Look at the situation much like a bank [finally] demanding payment on debt owed by a family that has overextended themselves for years and can only make interest payments. The bank has been willing to allow this family to pay just interest on the debt for a long time, but now they need need the principle so the bank says to the family - okay, we've given you long enough to start paying the principle amount you owe us and you have refused make good on our extensions. Now we want our principle, which you agreed to pay us with each extention we've offered you. The bank tells the family they will no longer allow interest-only payments and the family must bring the [principle] amount owed up-to-date. The bank owns a lot of the family's assets as collateral, therefore they suggest (tell) to the family that they should consider selling some of their assets (vacation houses, luxury cars, boats, airplane, country club membership, etc. - you get the point) so they get caught up on their debt owed...or the bank will go after the collateral for the outstanding debt the family owes. In other words - the bank can turn up the heat (pressure) on the family to sell what they must in order to satisfy the obligation to the bank.
I believe YAG is forcing MOBL to do the same - except rather than selling luxury items the [exampled] family has YAG is instead forcing MOBL to settle one or more of the cases for DAC and/or the USA/Fogg court case. What I wonder about is - if this pressure from YAG was a collective understanding between YAG and MOBL to possibly help MOBL get these pending court cases moved along faster. I have never known for YAG not to extend a loan to one of their customers...and MOBL is definitely up-to-date on their interest-only payments using cash each time payment is made. In my opinion there is something unusual, or special, going on about what is happening with YAG's refusal to extend again. Hopefully we'll learn more soon with some more 8-K filings...
Anyway, I believe some investors are seeing this "event" as progress, which has obviously caused a good bit of buying activity. I believe these buyers see that the conclusion may be coming somewhat sooner - at least compared to the continuous extensions we've seen YAG offer MOBL for many years now. And if it means these buyers may be able to buy the stock that would allow them to own the $60-$80+ million DAC proceeds for pennies on the dollar (which far exceeds the $13 million debt MOBL owes), that could end up being a very savy investment!
$80 million potential DAC proceeds / 1.2 billion outstanding shares = $.0667 per share. $.0667 per share is over 100 times (10,000%)the current $.0006 stock price...or 200x (20,000%) the $.0003 stock price we've had for many months now. "
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