'gonzilee'...I have been waiting for someone to speak up there! ..Exactly ..Since the appreciating value of "The Spectrum"..Common sense would hope to see future pps appreciation and a greater market cap offset the purchase price!...I hopefully believe the additional funds paid that where greater than assessed debts and assets where inflected for general dispersal amongst & towards whatever avenues (preferred commons etc) would allow 'safe haven' for "The Company" to remain intact as an appreciating forward going concern" ..It just does not make sense to screw up a re kindled operational upsided entity'.. ...IMO...SC
$2M derived from LEASED SPECTRUM!!...DISH has that NOW!
What you thought DISH just paid the debt and left the "assets" with TSTRQ??.. LMAO!
Bottomline!.. TerreStar NO! longer has a network, they NO! longer have spectrum, which = DEAD!
Like I said, ALL they have left is PUSHING! a "satellite" phone and that's straight from the CEO's!! mouth---> "Now we can concentrate just on our "satellite phones"..."(paraphrased, but nevertheless).