Replies to post #883 on WorldSpace Inc fka WRSPQ

[NY73]

MGTY...interesting...what technology is Worldspace a leader? They are running very old satellites. I think Sirius XM is way ahead. I think this is about the spectrum licenses, nothing more. I kinda hope I'm wrong, because they can probably get the licenses by liquidating I think. It might be cheaper for Malone to pay off the other creditors a little more than they'd get in a Chapter 7, then they drop out of the picture, leaving Liberty to structure something. Is it a)liquidate and own the hardware and licenses, or b) restructure wrspq into a going concern and use the NOLs and hook up with Sirius XM. Let's hope for choice B!

[brokeashell]

Thnxx for the link, I think since the buyout was canceled, it voided everything except the date of feb. 4th for the end of chap 11. I'm trying to find out about a court motion for extending the chap 11 until june. which could really be good for wrsp holders,sign of restructuring instead of auction! I know I have no facts of restructure, Just seems that shutdown of India, and a file for extending the chap 11 leads me to believe there will be no auction. all speculative on my part. do you have another reason that they would want to extend while they shut down india???