Replies to post #1502 on TerreStar Corporation (fka TSTRQ)

[Choi]

I see $1

[Choi]

Great Work!

[dafuji]

TSTR also own GOVERNMENT licenses. Would such license be transferred over to DISH in the buyout?

[DayofReckoning]

wowsa, excellent breakdown...to dream a 1.00 is nice, to actually see it would sweeeeeeeeeet.lol...imho..eom

[vitty]

If DISH buys TSTRQ for 1.38B & liabilities are 1.6B then we have no value for us shareholders...pls, Could you review that?

See below the news:

Dish Network (NASDAQ:DISH) is set to buy TerreStar Networks (Other OTC:TSTRQ.PK) for $1.38 billion after no competing bids were received by Monday’s deadline. The acquisition will go to court July 7 for approval.


GLTA

[WakingBake]

Nice work buddy. Was snooping around here on Wednesday but didn't have alot of time to DD. Thanks for sharing

[Smalls]

Nice DD, I jumped in this one Friday and glad I did. Threw this DD spread up on my board, some others, and some chat rooms. $TSTRQ looking solid, Commons remaining in tact is the clencher here.

[SuperC]

Excellent DD hds, thanks!

[naturalborninvestor]

You can't do the math like this for several reasons

- the assets certainly have a value to Dish or else they wouldn't bid, but that value is certainly not equal to the accounting cost of the property and equipment. The value to Dish must be higher for strategic reasons.

- But: the cost to Dish is to free those assets from claims of debtors and preferred shareholders, so you have to add both those sources of claims. Debt alone exceeds the sale price of the deal even before counting in the claims of preferreds. So, I don't see the commons "in the money" at all. Looks like good business by Dish. Since the auction fell through due to lack of interest by other parties, there is no need for Dish to pay a premium for anything, and debtors will be in the defense position and will have to accept a discount to their claims. Unless Dish offers a share conversion, in what form do you expect the common shares to survive?

[dafuji]

I'm still stuck on stupid with this licensing issue so please pardon my lack of knowledge.

"TerreStar's FCC licenses, which govern certain frequencies for mobile satellite services, are worth between $1.02 billion and $1.28."

http://www.law360.com/articles/240664/sprint-seeks-to-void-liens-on-terrestar-s-fcc-licenses

Are the licenses included in the sales of their assets or will Terrestar continue to own them after the buyout?

[DayofReckoning]

man oh man, if that comes out true for TSTRQ/us, you are invited to Vegas...CHOI is paying lol..eom

[MONEYMADE]

,,,,,,,HdSStockssss is the Man!!!!--MONEYMADE

[hondaboost]

Amazing DD on TSTRQ: "That would put us just over $1 per share. "

[MarketGeometry]

When company emerges out of bankruptcy common shares are usually cancelled(90% of the time). What is the case here? Its usually indicated on the Plan of reorganization.