Replies to post #6184 on TerreStar Corporation (fka TSTRQ)

[Choi]

I'm sure that makes all the institutional players happy enough not to object... Sure makes total sense to me.

[tchalla]

this remaining business is certainly worth more than the $3 mil that it is currently valued at .025 with 140mill shares outstanding. the reamining segments of the business still generate millions in revenue. not to mention remaining assets as listed on the may 31st balance sheet BEFORE the 1.38 BILLION CASH they are getting from the DISH buyout. better do some more math pwrball. that may 31st balance sheet does not count the $1.38 BILLION cash at all. and terra corp still has several hundred million in equity left aside from the $150 million left after paying the $1.26 billion in debt. there won't be any need for cash distribution at that point to preferreds if the stock remains in tact. it can just continue trading and exit from bk with equity in the company, giving all remaining shareholder/ players VALUE.

[Wamunut]

Wrong! Re-read the Reuters article !! The $1.375 billion was a "minimial" offer!!




Dish had put forth a $1.375 billion minimum, or "stalking horse," bid for TerreStar on June 15. No rival bids were submitted.