Comments on: “Another sucker” bites the dust… https://tmfassociates.com/blog/2013/05/09/another-sucker-bites-the-dust/ Satellites, spectrum and other stuff Tue, 03 Feb 2026 21:36:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: timfarrar https://tmfassociates.com/blog/2013/05/09/another-sucker-bites-the-dust/comment-page-1/#comment-1356 timfarrar Sat, 11 May 2013 13:11:08 +0000 http://tmfassociates.com/blog/?p=4323#comment-1356 Thanks Phil. I'm happy to see you now have more time on your hands to read and comment on my blog. I'm also glad you don't dispute the factual points above, that Sound Point now owns >50% of the term loan and that Slim has been backing Sound Point since last year (as <a href="http://tmfassociates.com/blog/2012/05/24/how-many-billionaires-does-it-take/" rel="nofollow">you've told multiple people</a> - I just ran into another of them this week). Good luck in persuading the judge to cram up the LP term loan and preferred shares. Now that the ad hoc agreement is invalid, perhaps you can seek an extension for another few months? Maybe this will be third time lucky in competing against Charlie in a bankruptcy? But I'm not sure that your plan will make the term loan holders any more enthused about continuing to hold the debt. Thanks Phil. I’m happy to see you now have more time on your hands to read and comment on my blog. I’m also glad you don’t dispute the factual points above, that Sound Point now owns >50% of the term loan and that Slim has been backing Sound Point since last year (as you’ve told multiple people – I just ran into another of them this week).

Good luck in persuading the judge to cram up the LP term loan and preferred shares. Now that the ad hoc agreement is invalid, perhaps you can seek an extension for another few months? Maybe this will be third time lucky in competing against Charlie in a bankruptcy? But I’m not sure that your plan will make the term loan holders any more enthused about continuing to hold the debt.

]]> By: darkblue https://tmfassociates.com/blog/2013/05/09/another-sucker-bites-the-dust/comment-page-1/#comment-1348 darkblue Sat, 11 May 2013 03:37:56 +0000 http://tmfassociates.com/blog/?p=4323#comment-1348 Tim, Do you have any knowledge of the bankruptcy process or are you just making this stuff up as you go along? Before you start making erroneous comments you should really get a general understanding of the bankruptcy code and how it works. Tim,

Do you have any knowledge of the bankruptcy process or are you just making this stuff up as you go along? Before you start making erroneous comments you should really get a general understanding of the bankruptcy code and how it works.

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