Majority Owner Considering Bankruptcy for LightSquared
Thu, 04/05/2012 - 12:11am
    15 years
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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:
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.
1490LMT 1450LMT 295w
A hedge fund bites the dust.
A hedge fund bites the dust. There is a God!