Replies to post #1322 on Fibertower Corp fka FBBT

[rfarmer]

From Yahoo Board:

We have not gotten a fair valuation of the spectrum. Just prior to declaring chapter 11 management conveniently wrote the spectrum down from $288M to $106M and since then you have the following:

*Projections of massive small cell buildouts requiring much PTP backhaul
*Sprint / Softbank / Clearwire merge with plans to utilize 2.5 ghz spectrum and massive small cell buildouts
*Direct TV needing Fibertowers spectrum to operate 20%+ of their satellite fleet

If you buy Fibertower at these levels you are betting that they will retain their spectrum(See recent ex parte, search on "Fibertower, Missing Link") and the value of their assets and spectrum will exceed roughly $170M - $200M and thats where shareholders will cash in.

Sound fishy? Carry spectrum at $288M, write down to $106M internally, file chapter 11 and hand over spectrum to creditors. That spectrum grows more valuable by the day with where the wireless indsutry and nature of infrastructure is heading.

What happened to Pucillos shares? No filings recently.