Replies to post #11676 on TerreStar Corporation (fka TSTRQ)

[woops]

Admiral,

Under your information you have:

"If you Know a stock for what it is and play it for what is, there's always a profit to be made."

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Since we must take this stock and crank it through the meat grinder of bankruptcy court: What are you to make of Lane's Bankruptcy Court? Will Lane digest the pablum of debtors arguments, or will he vomit?

[yesmistermorningstar]

As far as I know it states the hearing is in COURTROOM 701 at 11 am not a conference room. Aren't all courtrooms in the US open to the public ?

[ilenes]

Admiral,

You are partially correct...shareholder action so late in the game will likely not sway the judge (although I always think it can't hurt) and anything not filed by the deadline has even less value. However, the more shareholders get involved, the greater the hue and cry to change corporate bankruptcy laws to make more fair to all.

Corporate bankruptcies are open to the public. If there is sensitive information, it can either be redacted in the filing, or there can be a meeting in the judge's chambers. But individual shareholders and bond holders are often in attendance.

Ilene