Replies to post #891 on WorldSpace Inc fka WRSPQ

[hang ten]

ok, yes I don't see why they couldn't issue themselves preferred shares... that way Malone and co could benefit; also the o/s for commons is still pretty small.

[NY73]

I think this notion of an extension is being taken too seriously as a sign of protracted restructure. If I read the docs correctly, it appears to be a standard request that any lawsuits filed in Fed court against WRSPQ be removed to BK court. They are simply looking to extend this provision in case this isn't concluded soon. That would prevent someone (a creditor) from jumping in at the last minute and filing suit in Fed district court and tying up the process outside of BK court. This precludes that, although, the doc says it wouldn't preclude a filing in state court. However, I imagine, a state filing would probably go nowhere. I view it as procedural and nothing more, in case this isn't concluded by the expiration of the current removal order.