Majority Owner Considering Bankruptcy for LightSquared

 

With 60 percent of his $4 billion hedge fund invested in the company and a $427 million net loss through the 1st nine months of 2011, the biggest asset left may be the portion of the spectrum the company owns. More info at Reuters. . .

http://www.reuters.com/article/2012/04/04/us-falcone-lightsq...

Falcone

Falcone:

Quote:

He is confident the value of LightSquared's operating spectrum will rise again once it is able to come up with a plan for resolving the interference issues.

He probably should have been working on an engineering solution all along instead of a regulatory solution.

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A hedge fund bites the dust.

A hedge fund bites the dust. There is a God!