Replies to post #979 on WorldSpace Inc fka WRSPQ

[MGTY1]

I think they are merging all of the worldspace entities into one and then they will partner with Sirius XM. This is why I think India Ops had to be closed so that all of worldspace assets could be combined. I do not think Sirius XM could operate on Worldspace licenses without WRSP being kept as a going concern. I also believe that John Malone has bought up more companies in Europe other than Worldspace. I think he has bought ONDAS.

We are in for a great ride for sure. The stock is beginning to rise again as the float is extremely low. I believer we will have a huge gain before the end of the month.

just my opinion no supporting documentation.

[NY73]

BTOhio...good link. Liberty does get the benefit of Sirius XM NOLs by having such a large stake (40%) in the company. That's why they can't have a larger stake, to avoid having change in ownership which would kill the NOLs (per the article from your link). With the NOLs, SIRI is more valuable as it cleans up its balance sheet and becomes profitable, with those NOLs kicking in to cut taxes. This benefits all the stakeholders in SIRI, especially Liberty. So, the NOL situtation at SIRI is not related to the potential NOL situation at WRSPQ. Your comments about international experience within WRSPQ and its value makes sense, however, a liquidated WRSPQ doesn't preclude Liberty from hiring that expertise under a different company. And, if there were patents involved, owned by WRSPQ, they are assets which would be owned by Liberty as part of liquidation. This is strictly about what is the best financial move for Malone, and IMHO, it's now ONLY about the NOLs (since India operation was abruptly shut down). Are they worth preserving? What's the least expensive way forward for Liberty? Remember, they get the assets one way or the other, so, their value is not part of the equation. Actually, by keeping WRSPQ, Liberty would technically be sharing the value of the assets with common shareholders. Does NOL value offset that? Perhaps. I sure hope so!