Replies to post #3861 on TerreStar Corporation (fka TSTRQ)

[StockDog OTC]

TSTRQ - "In a June 15 submission to the New York bankruptcy court handling the case, TerreStar said Dish’s offer is more than $150 million higher than TerreStar’s own December 2010 assessment of its value as part of the Chapter 11 proceedings. It is $90 million more than TerreStar’s entire debt load projected through next September. "

-http://www.spacenews.com/satellite_telecom/110617-lightsquared-setbacks-two-fronts.html

[big time 21]

SELL SELL SELL TSTRQ WILL BE WORTH NOTHING ONCE DEAL IS DONE

[casenumber]

I DONT SEE ANYWHERE on that file that commons is gonna get cancelled..

Instead, it states " it will diminish the pool of resources for unsecured creditors ". That means that they do not have intention of wiping the commons ..currently..
i think its on page 6 to 10..somewhere there.

tedious to read all 185 page but i did.

So now, what is the concern here?

Read 8K from previous after BK filing too and no where it said that commons are worthless ( which typically on other BK plays, they state that right away)..

MMmmmmm...Am i missing something here?