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Antwort auf Beitrag Nr.: 40.367.650 von Aktientitan am 21.10.10 17:26:51ARCA-BOOK-LINK:
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Antwort auf Beitrag Nr.: 40.367.666 von Aktientitan am 21.10.10 17:28:12Link zum US-Forum:
http://messages.finance.yahoo.com/mb/TSTR
http://messages.finance.yahoo.com/mb/TSTR
Antwort auf Beitrag Nr.: 40.367.675 von Aktientitan am 21.10.10 17:29:10
Antwort auf Beitrag Nr.: 40.367.683 von Aktientitan am 21.10.10 17:30:11Satellite company TerreStar files for Chapter 11
TerreStar files for Chapter 11 bankruptcy protection; EchoStar steps up with $75M in financing
On Tuesday October 19, 2010, 6:25 pm EDT
RESTON, Va. (AP) -- TerreStar Corp., which operates the world's largest commercial satellite and recently started selling a satellite phone through AT&T Inc., filed for Chapter 11 bankruptcy protection on Tuesday in an effort to pare debt from its balance sheet.
TerreStar also said EchoStar Corp., its largest secured creditor, has agreed to provide $75 million in financing to help it continue to run its business while in bankruptcy court.
"After careful consideration of all available alternatives, we determined filing chapter 11 was a necessary and prudent step to strengthen our balance sheet and gain financial flexibility in order to access liquidity and position TerreStar Networks as a stronger, healthier company," President and CEO Jeffrey W. Epstein said in a statement.
EchoStar, a maker of equipment such as set-top boxes for satellite TV providers, has agreed to support a restructuring based on giving secured noteholders stock in exchange for debt, and a $100 million stock rights offering that would pay for TerreStar's exit from Chapter 11.
The satellite communications business is littered with bankruptcies, as companies load up on debt to put the hardware into orbit, then fail to keep up with debt service as customer projections prove too optimistic. Under its previous name, Motient Corp., TerreStar went through a bankruptcy proceeding in 2002.
In addition to EchoStar, Reston, Va.-based TerreStar's investors include private-equity firm Harbinger Capital Partners, which controls another satellite company, LightSquared.
In after-hours trading after the announcement, shares slid 8 cents after closing up a penny at 16 cents. The company's stock traded above $30 back in 2005, but steadily declined until plunging in 2008 during the market meltdown. The stock lost more than half its value Monday after The Wall Street Journal published word that the filing was possible, citing unnamed sources.
http://finance.yahoo.com/news/Satellite-company-TerreStar-ap…
TerreStar files for Chapter 11 bankruptcy protection; EchoStar steps up with $75M in financing
On Tuesday October 19, 2010, 6:25 pm EDT
RESTON, Va. (AP) -- TerreStar Corp., which operates the world's largest commercial satellite and recently started selling a satellite phone through AT&T Inc., filed for Chapter 11 bankruptcy protection on Tuesday in an effort to pare debt from its balance sheet.
TerreStar also said EchoStar Corp., its largest secured creditor, has agreed to provide $75 million in financing to help it continue to run its business while in bankruptcy court.
"After careful consideration of all available alternatives, we determined filing chapter 11 was a necessary and prudent step to strengthen our balance sheet and gain financial flexibility in order to access liquidity and position TerreStar Networks as a stronger, healthier company," President and CEO Jeffrey W. Epstein said in a statement.
EchoStar, a maker of equipment such as set-top boxes for satellite TV providers, has agreed to support a restructuring based on giving secured noteholders stock in exchange for debt, and a $100 million stock rights offering that would pay for TerreStar's exit from Chapter 11.
The satellite communications business is littered with bankruptcies, as companies load up on debt to put the hardware into orbit, then fail to keep up with debt service as customer projections prove too optimistic. Under its previous name, Motient Corp., TerreStar went through a bankruptcy proceeding in 2002.
In addition to EchoStar, Reston, Va.-based TerreStar's investors include private-equity firm Harbinger Capital Partners, which controls another satellite company, LightSquared.
In after-hours trading after the announcement, shares slid 8 cents after closing up a penny at 16 cents. The company's stock traded above $30 back in 2005, but steadily declined until plunging in 2008 during the market meltdown. The stock lost more than half its value Monday after The Wall Street Journal published word that the filing was possible, citing unnamed sources.
http://finance.yahoo.com/news/Satellite-company-TerreStar-ap…
Trading Spotlight
Antwort auf Beitrag Nr.: 40.367.683 von Aktientitan am 21.10.10 17:30:11October 20, 2010, 12:59 AM ET
TerreStar Units File Chapter 11
By Eric Savitz
TerreStar (TSTR) said its majority-owned Terrestar Networks unit and certain other affiliates have filed for protection from creditors under Chapter 11 of the Federal Bankruptcy Code.
Earlier this week, the Wall Street Journal reported that a Chapter 11 filing likely was imminent.
Through the restructuring, TerreStar Networks hopes to lessen its debt obligations in order to place greater focus on delivering the future of ‘always available’ mobile communications through its recent launch of the world’s first integrated satellite-cellular smartphone,” the company said.
The company also said it signed an agreement to receive $75 million of debtor-in-possession financing with EchoStar (SATS), its largest secured creditor. The company also signed a “restructuring support agreement” with Echostar, under which SATS agrees to support a restructuring premised on a debt-for-equity conversion for secured noteholders, and a $100 million rights offering to provide funding for an exit from Chapter 11.
In late trading, TSTR was down 8.4 cents, or 52.8%, to 7.5 cents.
http://blogs.barrons.com/techtraderdaily/2010/10/20/terresta…
TerreStar Units File Chapter 11
By Eric Savitz
TerreStar (TSTR) said its majority-owned Terrestar Networks unit and certain other affiliates have filed for protection from creditors under Chapter 11 of the Federal Bankruptcy Code.
Earlier this week, the Wall Street Journal reported that a Chapter 11 filing likely was imminent.
Through the restructuring, TerreStar Networks hopes to lessen its debt obligations in order to place greater focus on delivering the future of ‘always available’ mobile communications through its recent launch of the world’s first integrated satellite-cellular smartphone,” the company said.
The company also said it signed an agreement to receive $75 million of debtor-in-possession financing with EchoStar (SATS), its largest secured creditor. The company also signed a “restructuring support agreement” with Echostar, under which SATS agrees to support a restructuring premised on a debt-for-equity conversion for secured noteholders, and a $100 million rights offering to provide funding for an exit from Chapter 11.
In late trading, TSTR was down 8.4 cents, or 52.8%, to 7.5 cents.
http://blogs.barrons.com/techtraderdaily/2010/10/20/terresta…
Antwort auf Beitrag Nr.: 40.367.675 von Aktientitan am 21.10.10 17:29:10STOCK EXCHANGE RELEASE
Free for publication on October 20, 2010, at 9:30 (CEST +1)
TERRESTAR NETWORKS, A CUSTOMER OF EB (ELEKTROBIT CORPORATION), HAS FILED FOR REORGANIZATION TO STRENGTHEN FINANCIAL POSITION. EB HAS SIGNIFICANT RECEIVABLES FROM TERRESTAR NETWORKS.
http://www.finanznachrichten.de/nachrichten-2010-10/18287768…
Free for publication on October 20, 2010, at 9:30 (CEST +1)
TERRESTAR NETWORKS, A CUSTOMER OF EB (ELEKTROBIT CORPORATION), HAS FILED FOR REORGANIZATION TO STRENGTHEN FINANCIAL POSITION. EB HAS SIGNIFICANT RECEIVABLES FROM TERRESTAR NETWORKS.
http://www.finanznachrichten.de/nachrichten-2010-10/18287768…
Boosters, Bits & Bioscience
A sat firm’s bankruptcy could mean a wireless broadband feast for Dish Network
Denver Business Journal - by Greg Avery
Date: Wednesday, October 20, 2010, 4:56pm MDT - Last Modified: Wednesday, October 20, 2010, 7:55pm MDT
Could a satellite company’s bankruptcy be a step toward Charlie Ergen getting wireless phone or broadband service that he can pair with Dish Network TV?
That’s what some observers are wondering following the chapter 11 reorganization petition filed Tuesday by Reston, Va.-based TerreStar Networks Inc. and some of its affiliate businesses.
Ergen’s Douglas County-based EchoStar Corp. (NASDAQ: SATS) owns an equity stake in the reorganizing company’s publicly traded parent company, TerreStar Corp., as does billionaire financier Philip Falcone’s Harbinger Capital hedge fund.
Now, according to today’s bankruptcy filing, EchoStar has loaned $75 million to TerreStar Networks and pledged another $100 million toward the company’s emergence from Chapter 11 under a plan EchoStar helped craft. EchoStar is also rumored to own most of TerreStar’s debt.
TerreStar’s reorganization announcement said EchoStar will be able to convert debt for equity in TerreStar in return for the loan and back-stop pledge.
“The commitment EchoStar has made to support our restructuring will allow us to maximize value for all our stakeholders and allow us to emerge from chapter 11 on an expedited time frame,” said CEO Jeffrey Epstein.
It it also gives EchoStar more say over what TerreStar does with its the broadcast spectrum it uses for wireless voice and broadband service.
That’s where Falcone’s other company, LightSquared, comes into play.
LightSquared plans to offer wholesale wireless service that other companies can use for phone and broadband in Denver and five other markets within a year, and nationally by 2015.
LightSquared, also based in Reston, Va., has negotiated in the past to use TerreStar’s frequencies as a way to increase its wireless capacity.
Credit Suisse analyst Jonathan Chaplin theorized in a note to investors Wednesday that TerreStar, LightSquared and Dish Network may be angling to pool their unused spectrum for wireless broadband.
“Ergen would gain access to a nationwide broadband network with owner’s economics. LightSquared would get an anchor tenant with 14 million subs,” he wrote. “We believe this would both help LightSquared raise additional capital and attract additional customers. We have no idea whether such a deal is in the works — but it would seem to make sense for both Ergen and LightSquared.”
Ergen’s company and Falcone’s Harbinger Capital Management jointly invested $300 million in TerreStar in 2008.
EchoStar invested $150 million in TerreStar Corp. (NASDAQ: TSTR), picking up 40 million shares exchange for granting TerreStar use of EchoStar’s 1.4-gigahertz spectrum.
The several-hundred-million-dollar question is whether Ergen and Falcone have, through all these machinations, been cooperating or competing (or something in between) over TerreStar’s future.
Neither Harbinger nor EchoStar has commented about the investments.
In February two EchoStar executives, Dean Olmstead and David Rayner, resigned from TerreStar’s board of directors without explanation.
Ergen has poured millions into a satellite company’s bankruptcy before.
In March, a judge barred Dish Network and its subsidiary, Chesapeake Bay Advisors, from voting on the Chapter 11 reorganization plan of DBSD North American after buying $162 million in DBSD debt and becoming its biggest creditor.
The judge in the bankruptcy case ruled Ergen’s company were aiming to take over DBSD, not see it reorganize its debts. Ergen’s company appealed that ruling.
gavery@bizjournals.com
A sat firm’s bankruptcy could mean a wireless broadband feast for Dish Network
Denver Business Journal - by Greg Avery
Date: Wednesday, October 20, 2010, 4:56pm MDT - Last Modified: Wednesday, October 20, 2010, 7:55pm MDT
Could a satellite company’s bankruptcy be a step toward Charlie Ergen getting wireless phone or broadband service that he can pair with Dish Network TV?
That’s what some observers are wondering following the chapter 11 reorganization petition filed Tuesday by Reston, Va.-based TerreStar Networks Inc. and some of its affiliate businesses.
Ergen’s Douglas County-based EchoStar Corp. (NASDAQ: SATS) owns an equity stake in the reorganizing company’s publicly traded parent company, TerreStar Corp., as does billionaire financier Philip Falcone’s Harbinger Capital hedge fund.
Now, according to today’s bankruptcy filing, EchoStar has loaned $75 million to TerreStar Networks and pledged another $100 million toward the company’s emergence from Chapter 11 under a plan EchoStar helped craft. EchoStar is also rumored to own most of TerreStar’s debt.
TerreStar’s reorganization announcement said EchoStar will be able to convert debt for equity in TerreStar in return for the loan and back-stop pledge.
“The commitment EchoStar has made to support our restructuring will allow us to maximize value for all our stakeholders and allow us to emerge from chapter 11 on an expedited time frame,” said CEO Jeffrey Epstein.
It it also gives EchoStar more say over what TerreStar does with its the broadcast spectrum it uses for wireless voice and broadband service.
That’s where Falcone’s other company, LightSquared, comes into play.
LightSquared plans to offer wholesale wireless service that other companies can use for phone and broadband in Denver and five other markets within a year, and nationally by 2015.
LightSquared, also based in Reston, Va., has negotiated in the past to use TerreStar’s frequencies as a way to increase its wireless capacity.
Credit Suisse analyst Jonathan Chaplin theorized in a note to investors Wednesday that TerreStar, LightSquared and Dish Network may be angling to pool their unused spectrum for wireless broadband.
“Ergen would gain access to a nationwide broadband network with owner’s economics. LightSquared would get an anchor tenant with 14 million subs,” he wrote. “We believe this would both help LightSquared raise additional capital and attract additional customers. We have no idea whether such a deal is in the works — but it would seem to make sense for both Ergen and LightSquared.”
Ergen’s company and Falcone’s Harbinger Capital Management jointly invested $300 million in TerreStar in 2008.
EchoStar invested $150 million in TerreStar Corp. (NASDAQ: TSTR), picking up 40 million shares exchange for granting TerreStar use of EchoStar’s 1.4-gigahertz spectrum.
The several-hundred-million-dollar question is whether Ergen and Falcone have, through all these machinations, been cooperating or competing (or something in between) over TerreStar’s future.
Neither Harbinger nor EchoStar has commented about the investments.
In February two EchoStar executives, Dean Olmstead and David Rayner, resigned from TerreStar’s board of directors without explanation.
Ergen has poured millions into a satellite company’s bankruptcy before.
In March, a judge barred Dish Network and its subsidiary, Chesapeake Bay Advisors, from voting on the Chapter 11 reorganization plan of DBSD North American after buying $162 million in DBSD debt and becoming its biggest creditor.
The judge in the bankruptcy case ruled Ergen’s company were aiming to take over DBSD, not see it reorganize its debts. Ergen’s company appealed that ruling.
gavery@bizjournals.com
Kinder der TURBO wurde gerade angestellt !!!
RT: 0,225 USD !!!!!!!!!!
RT: 0,225 USD !!!!!!!!!!
Jetzt 0,23 USD WAHNSINNNNNNNNNNNNNNNNNNNNNNNNNNN !!!
Warum sind hier so wenige...INVESTIERT ????????????ßß
Warum sind hier so wenige...INVESTIERT ????????????ßß
Antwort auf Beitrag Nr.: 40.368.478 von Aktientitan am 21.10.10 19:01:51Top Percent Gaining Stocks so Far – TSTR, SCSS, XING, EGHT and WSTL
Posted by Mary Gourlay on October 21, 2010
TerreStar Corporation. (NASDAQ: TSTR) – TerreStar Corporation stocks have gained 17.29% from previous close value of $ 0.17 a share and are currently valued at $ 0.19 a share. They are also among the top percent gainers during the morning trade session with their gain percentage of 17.29%. With an estimated target price of $ 1 a share, TerreStar stocks have so far traded 846,013 shares, not that well by numbers but they might pick up as trading day progresses. So far TerreStar have reached their highest value at $ 0.20 a share and their lowest at $ 0.17 a share.
http://latestbusiness-news.com/top-percent-gaining-stocks-so…
Posted by Mary Gourlay on October 21, 2010
TerreStar Corporation. (NASDAQ: TSTR) – TerreStar Corporation stocks have gained 17.29% from previous close value of $ 0.17 a share and are currently valued at $ 0.19 a share. They are also among the top percent gainers during the morning trade session with their gain percentage of 17.29%. With an estimated target price of $ 1 a share, TerreStar stocks have so far traded 846,013 shares, not that well by numbers but they might pick up as trading day progresses. So far TerreStar have reached their highest value at $ 0.20 a share and their lowest at $ 0.17 a share.
http://latestbusiness-news.com/top-percent-gaining-stocks-so…
Antwort auf Beitrag Nr.: 40.368.478 von Aktientitan am 21.10.10 19:01:51Gibt es das Teil auch in Germany zu kaufen?
Antwort auf Beitrag Nr.: 40.368.574 von jojobada am 21.10.10 19:11:12Kauf liebe in den USA ist ...BILLIGER !!!
Wenn ich mich nicht IRRE...sind die über Berlin/ Bremen...ORDERBAR !!!
Gruss titan
Wenn ich mich nicht IRRE...sind die über Berlin/ Bremen...ORDERBAR !!!
Gruss titan
Antwort auf Beitrag Nr.: 40.368.590 von Aktientitan am 21.10.10 19:13:01Kein Angebot in Berlin 
Auch keine Nachfrage
Auch keine Nachfrage
Antwort auf Beitrag Nr.: 40.368.590 von Aktientitan am 21.10.10 19:13:01US8814511080 / WKN A0MY77
Antwort auf Beitrag Nr.: 40.368.597 von jojobada am 21.10.10 19:13:43Bei mir mit dem S-BROKER...kein Problem an der NASDQ zu ordern !
Antwort auf Beitrag Nr.: 40.368.458 von Aktientitan am 21.10.10 18:59:25Google Finance RT
http://www.google.com/finance?q=NASDAQ:TSTR
http://www.google.com/finance?q=NASDAQ:TSTR
After Hours...RIESEN ABSTRURZ !!!
CLOSING PRISE: 0,2144 USD
After Hours : 0,1700 USD
http://www.nasdaq.com/aspx/nasdaqlastsale.aspx?symbol=TSTR&s…
Am 29. Oktober kommt dann d. DELISTING (NASDQ) !!!
Dann OTC...
Dann OTC...
Antwort auf Beitrag Nr.: 40.368.478 von Aktientitan am 21.10.10 19:01:51Warum sind hier so wenige...INVESTIERT?????????ßß
vermutlich zu wenig dumme hier
vermutlich zu wenig dumme hier
Antwort auf Beitrag Nr.: 40.370.864 von mcgoofy am 22.10.10 07:49:34Hier ist sehr GUTES ...TAGESTRADING möglich !!!
Habe an ZWEI TAGEN...ca. 2300.- Gewinn gemacht !!!
Ist doch kein SCHLECHTES ERGEBNIS...
Heute ist durch den After Hours Absturz wieder eine gute Einstiegsmöglichkeit...
Die werden d. Ding auf ca. 0,25-0,27 USD HOCHZOCKEN und dann SCHLAGARTIG vor dem
Wochenende...ABVERKAUFEN !!!
Ist nur meine Progn. !!!
Habe an ZWEI TAGEN...ca. 2300.- Gewinn gemacht !!!
Ist doch kein SCHLECHTES ERGEBNIS...
Heute ist durch den After Hours Absturz wieder eine gute Einstiegsmöglichkeit...
Die werden d. Ding auf ca. 0,25-0,27 USD HOCHZOCKEN und dann SCHLAGARTIG vor dem
Wochenende...ABVERKAUFEN !!!
Ist nur meine Progn. !!!
Antwort auf Beitrag Nr.: 40.370.897 von Aktientitan am 22.10.10 07:58:48das glück sei mit dir, viel erfolg
So nun wieder Informationen...
Filing !!!
Form 8-K for TERRESTAR CORP
21-Oct-2010
Entry into a Material Definitive Agreement, Notice of Delisting or Failure to Sati
Item 1.01. Entry Into a Material Definitive Agreement
Commitment Letter
On October 19, 2010, TerreStar Corporation (the "Company") obtained a commitment from Highland Capital Management, L.P. ("Highland"), Solus Alternative Asset Management LP and Harbinger Capital Partners LLC ("Lenders") to provide the Company with a non-amortizing multiple draw term loan facility in the principal amount of $1,250,000 (the "TSC Term Loan"). The TSC Term Loan will be used for
(i) operating expenses incurred in the ordinary course of business of the TSC Loan Parties (as defined below) i, (ii) certain other costs and expenses related to the TSC Term Loan, (iii) payment of fees and expenses of the lenders and (iv) other costs and expenses approved by the lenders.
The principal outstanding under the TSC Term Loan will bear interest at a rate of 12.5% per annum payable in cash. After the occurrence and during the continuance of an event of default under the TSC Term Loan, the interest rate will increase by 2.00% per annum. The Company will pay the Lender a commitment fee of 5.00% of the maximum amount of the aggregate commitments under the TSC Term Loan.
The Company's obligations under the TSC Term Loan will be guaranteed by TerreStar Holdings Inc. (together with the Company, the "TSC Loan Parties") and will be secured by a perfected security interest and lien on all of the Loan Parties' assets.
All obligations under the TSC Term Loan will be due and payable on the earliest of (i) 75 days after the closing date, (ii) the time either of the Loan Parties enters into an agreement regarding financing for one or both of the Loan Parties, and (iii) the date either of the Loan Parties files a Chapter 11 petition or commences any similar insolvency proceeding (the "Termination Date").
The Lenders' commitment to provide the TSC Term Loan is subject to certain conditions, including without limitation, the delivery and execution of definitive legal documentation in form and substance reasonably satisfactory to each of the Lenders. From and after the Closing Date and until the Termination Date, absent an event of default under the TSC Term Loan, the Lenders shall forbear from exercising rights and remedies under the certificates of designations of any preferred stock of the Company, including the right to appoint or elect members of the Company's Board of Directors.
Tolling Agreement
In connection with the Loan Commitment, on October 15, 2010, TerreStar Corporation entered into an agreement with James D. Dondero, Highland Capital Management, L.P. ("Highland") and affiliates (the "Agreement"), for the tolling of certain claims and the dismissal, without prejudice, of three pending lawsuits. Pursuant to the agreement, Highland and its affiliates have dismissed two suits against TerreStar, which were pending in Texas state district court and the Delaware Court of Chancery and involve Highland's purchase and ownership of TerreStar's Series A Preferred Stock, and TerreStar has dismissed its suit against Mr. Dondero, also pending in Texas state district court, concerning Mr. Dondero's actions during his former service as a member of the Board of Directors of Motient Corporation, as TerreStar was formerly known. Among other provisions, the parties agreed that in the event any of the suits are refiled, the running of statutes of limitation, laches, and other time limitations are tolled during the term of the agreement.
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing
Rule or Standard; Transfer of Listing.
On October 20, 2010, the Company received notice from The NASDAQ Listing Qualifications Staff (the "Staff") stating that the Staff has determined that the Company's securities will be delisted from The NASDAQ Stock Market LLC (the "NASDAQ"). The decision was reached by the Staff under NASDAQ Listing Rules 5101, 5110(b) and IM-5101-1 following the Company's announcement on October 19, 2010 that TerreStar Networks Inc., a majority-owned subsidiary of the Company, and certain of its affiliates filed for voluntary reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Company does not plan to appeal the Staff's determination to delist the Company common stock. Accordingly, trading of the Company's common stock will be suspended at the opening of business on October 29, 2010, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on the NASDAQ.
After the Company's common stock is delisted by NASDAQ, it may trade on the OTC Bulletin Board ("OTC BB") or the Pink OTC Markets Inc. (the "Pink Sheets"), but only if at least one market maker decides to quote the Company's common stock. There is no assurance that any market maker will decide to quote the Company's common stock immediately following delisting by NASDAQ or at all, and thus there is no assurance that the Company's common stock will be eligible to trade on the OTC BB or the Pink Sheets.
Cautionary Statement Regarding Forward-Looking Statements
This report contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, without limitation, the Company's current beliefs, expectations, focus and/or plans about future events. In addition, we and our representatives may from time to time make written or oral forward-looking statements, including statements contained in filings with the Securities and Exchange Commission and in our reports to stockholders. These forward-looking statements are generally identified by the words or phrases "intend," "may," "could," "should," "expect," "anticipate," "plan," "believe," "seek," "estimate," "predict," "project" or words of similar import. These forward-looking statements are based upon our current knowledge and assumptions about future events and involve risks and uncertainties that could cause our actual results, performance or achievements to be materially different from any anticipated results, prospects, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are not guarantees of future performance. Many factors are beyond our ability to control or predict. You are accordingly cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date that we make them. We do not undertake to update any forward-looking statement that may be made from time to time by or on our behalf, unless required by law.
http://biz.yahoo.com/e/101021/tstr8-k.html
Filing !!!
Form 8-K for TERRESTAR CORP
21-Oct-2010
Entry into a Material Definitive Agreement, Notice of Delisting or Failure to Sati
Item 1.01. Entry Into a Material Definitive Agreement
Commitment Letter
On October 19, 2010, TerreStar Corporation (the "Company") obtained a commitment from Highland Capital Management, L.P. ("Highland"), Solus Alternative Asset Management LP and Harbinger Capital Partners LLC ("Lenders") to provide the Company with a non-amortizing multiple draw term loan facility in the principal amount of $1,250,000 (the "TSC Term Loan"). The TSC Term Loan will be used for
(i) operating expenses incurred in the ordinary course of business of the TSC Loan Parties (as defined below) i, (ii) certain other costs and expenses related to the TSC Term Loan, (iii) payment of fees and expenses of the lenders and (iv) other costs and expenses approved by the lenders.
The principal outstanding under the TSC Term Loan will bear interest at a rate of 12.5% per annum payable in cash. After the occurrence and during the continuance of an event of default under the TSC Term Loan, the interest rate will increase by 2.00% per annum. The Company will pay the Lender a commitment fee of 5.00% of the maximum amount of the aggregate commitments under the TSC Term Loan.
The Company's obligations under the TSC Term Loan will be guaranteed by TerreStar Holdings Inc. (together with the Company, the "TSC Loan Parties") and will be secured by a perfected security interest and lien on all of the Loan Parties' assets.
All obligations under the TSC Term Loan will be due and payable on the earliest of (i) 75 days after the closing date, (ii) the time either of the Loan Parties enters into an agreement regarding financing for one or both of the Loan Parties, and (iii) the date either of the Loan Parties files a Chapter 11 petition or commences any similar insolvency proceeding (the "Termination Date").
The Lenders' commitment to provide the TSC Term Loan is subject to certain conditions, including without limitation, the delivery and execution of definitive legal documentation in form and substance reasonably satisfactory to each of the Lenders. From and after the Closing Date and until the Termination Date, absent an event of default under the TSC Term Loan, the Lenders shall forbear from exercising rights and remedies under the certificates of designations of any preferred stock of the Company, including the right to appoint or elect members of the Company's Board of Directors.
Tolling Agreement
In connection with the Loan Commitment, on October 15, 2010, TerreStar Corporation entered into an agreement with James D. Dondero, Highland Capital Management, L.P. ("Highland") and affiliates (the "Agreement"), for the tolling of certain claims and the dismissal, without prejudice, of three pending lawsuits. Pursuant to the agreement, Highland and its affiliates have dismissed two suits against TerreStar, which were pending in Texas state district court and the Delaware Court of Chancery and involve Highland's purchase and ownership of TerreStar's Series A Preferred Stock, and TerreStar has dismissed its suit against Mr. Dondero, also pending in Texas state district court, concerning Mr. Dondero's actions during his former service as a member of the Board of Directors of Motient Corporation, as TerreStar was formerly known. Among other provisions, the parties agreed that in the event any of the suits are refiled, the running of statutes of limitation, laches, and other time limitations are tolled during the term of the agreement.
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing
Rule or Standard; Transfer of Listing.
On October 20, 2010, the Company received notice from The NASDAQ Listing Qualifications Staff (the "Staff") stating that the Staff has determined that the Company's securities will be delisted from The NASDAQ Stock Market LLC (the "NASDAQ"). The decision was reached by the Staff under NASDAQ Listing Rules 5101, 5110(b) and IM-5101-1 following the Company's announcement on October 19, 2010 that TerreStar Networks Inc., a majority-owned subsidiary of the Company, and certain of its affiliates filed for voluntary reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Company does not plan to appeal the Staff's determination to delist the Company common stock. Accordingly, trading of the Company's common stock will be suspended at the opening of business on October 29, 2010, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on the NASDAQ.
After the Company's common stock is delisted by NASDAQ, it may trade on the OTC Bulletin Board ("OTC BB") or the Pink OTC Markets Inc. (the "Pink Sheets"), but only if at least one market maker decides to quote the Company's common stock. There is no assurance that any market maker will decide to quote the Company's common stock immediately following delisting by NASDAQ or at all, and thus there is no assurance that the Company's common stock will be eligible to trade on the OTC BB or the Pink Sheets.
Cautionary Statement Regarding Forward-Looking Statements
This report contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, without limitation, the Company's current beliefs, expectations, focus and/or plans about future events. In addition, we and our representatives may from time to time make written or oral forward-looking statements, including statements contained in filings with the Securities and Exchange Commission and in our reports to stockholders. These forward-looking statements are generally identified by the words or phrases "intend," "may," "could," "should," "expect," "anticipate," "plan," "believe," "seek," "estimate," "predict," "project" or words of similar import. These forward-looking statements are based upon our current knowledge and assumptions about future events and involve risks and uncertainties that could cause our actual results, performance or achievements to be materially different from any anticipated results, prospects, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are not guarantees of future performance. Many factors are beyond our ability to control or predict. You are accordingly cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date that we make them. We do not undertake to update any forward-looking statement that may be made from time to time by or on our behalf, unless required by law.
http://biz.yahoo.com/e/101021/tstr8-k.html
Ist nun BESTÄTIGT...DELISTING NASDAQ am: 29.10.2010 !!!
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing
Rule or Standard; Transfer of Listing.
On October 20, 2010, the Company received notice from The NASDAQ Listing Qualifications Staff (the "Staff") stating that the Staff has determined that the Company's securities will be delisted from The NASDAQ Stock Market LLC (the "NASDAQ"). The decision was reached by the Staff under NASDAQ Listing Rules 5101, 5110(b) and IM-5101-1 following the Company's announcement on October 19, 2010 that TerreStar Networks Inc., a majority-owned subsidiary of the Company, and certain of its affiliates filed for voluntary reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Company does not plan to appeal the Staff's determination to delist the Company common stock. Accordingly, trading of the Company's common stock will be suspended at the opening of business on October 29, 2010, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on the NASDAQ.
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing
Rule or Standard; Transfer of Listing.
On October 20, 2010, the Company received notice from The NASDAQ Listing Qualifications Staff (the "Staff") stating that the Staff has determined that the Company's securities will be delisted from The NASDAQ Stock Market LLC (the "NASDAQ"). The decision was reached by the Staff under NASDAQ Listing Rules 5101, 5110(b) and IM-5101-1 following the Company's announcement on October 19, 2010 that TerreStar Networks Inc., a majority-owned subsidiary of the Company, and certain of its affiliates filed for voluntary reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Company does not plan to appeal the Staff's determination to delist the Company common stock. Accordingly, trading of the Company's common stock will be suspended at the opening of business on October 29, 2010, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on the NASDAQ.
21.10.2010 23:39
BRIEF-TerreStar gets commitment for loan facility
http://www.finanznachrichten.de/nachrichten-2010-10/18312361…
BRIEF-TerreStar gets commitment for loan facility
http://www.finanznachrichten.de/nachrichten-2010-10/18312361…
Antwort auf Beitrag Nr.: 40.370.276 von Aktientitan am 21.10.10 22:40:08
After Hours Last:
Net / % Change $ .19
-.0244 (-11.38%) After Hours High: $ .22 After Hours Volume: 65,813 After Hours Low: $ .15
http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx…
After Hours Last:
Net / % Change $ .19
-.0244 (-11.38%) After Hours High: $ .22 After Hours Volume: 65,813 After Hours Low: $ .15
http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx…
Antwort auf Beitrag Nr.: 40.371.896 von grafbibi am 22.10.10 10:32:13Financial BoardCentral TSTR
http://www.boardcentral.com/boards/TSTR
http://www.boardcentral.com/boards/TSTR
Antwort auf Beitrag Nr.: 40.372.053 von grafbibi am 22.10.10 10:47:12Depth/Level II for TerreStar Corp. (TSTR)
http://www.otcbb.com/asp/Info_Center.asp
http://www.otcbb.com/asp/Info_Center.asp
PRE-MARKET: 0,18 USD 3000 St. !!!!
Antwort auf Beitrag Nr.: 40.373.998 von Aktientitan am 22.10.10 14:46:13
Pre-Market Last:
Net / % Change $ .20
-.0144 (-6.72%) Pre-Market High: $ .20 Pre-Market Volume: 6,600 Pre-Market Low: $ .18
http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx…
Pre-Market Last:
Net / % Change $ .20
-.0144 (-6.72%) Pre-Market High: $ .20 Pre-Market Volume: 6,600 Pre-Market Low: $ .18
http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx…
Antwort auf Beitrag Nr.: 40.374.196 von grafbibi am 22.10.10 15:09:1422.10.2010 15:08
BRIEF-EchoStar says to provide credit facility to TerreStar Networks
http://www.finanznachrichten.de/nachrichten-2010-10/18320289…
BRIEF-EchoStar says to provide credit facility to TerreStar Networks
http://www.finanznachrichten.de/nachrichten-2010-10/18320289…
Pendelt zwischen 0,19-0,199 USD !!!
Wenn die 20. BESTÄTIGT wird, ist ein weiterer Anstieg über 0,21-0,23 USD...möglich !
Wenn die 20. BESTÄTIGT wird, ist ein weiterer Anstieg über 0,21-0,23 USD...möglich !
TerreStar Delisted but Obtains Loan - cbl
October 22, 2010
RESTON -- In an SEC filing, TerreStar Corporation (NasdaqGM: TSTR) reported that is has been delisted from The NASDAQ exchange.
The news follows the announcement that TerreStar Networks Inc., a majority-owned subsidiary of the company, and certain of its affiliates filed for Chapter 11 in the Southern District of New York. TerreStar does not plan to appeal the decision.
The company said it may trade on the OTC Bulletin Board or the Pink OTC Markets Inc., but only if at least one market maker decides to quote the company's common stock.
TerreStar, through TerreStar Networks provides mobile communications networks throughout the United States, U.S. Virgin Islands and Puerto Rico.
In the same filing, TerreStar reported that Highland Capital Management, L.P. , Solus Alternative Asset Management LP, and Harbinger Capital Partners LLC agreed to lend the company $1,250,000 in a term loan to apply to operating expenses and other expenses. The interest rate is 12.5 percent a year, payable in cash. The closing date is to be determined.
Finally, TerreStar reported announced that James D. Dondero, Highland Capital Management, dismissed two lawsuits against TerreStar related to the purchase and ownership of stock and TerreStar has dismissed its suit against Dondero.
TerreStar shares closed at 21 cents on Thursday.
http://dc.citybizlist.com/yourcitybiznews/detail.aspx?id=991…
Erst ABSTURZ (0,155 USD) und jetzt wieder bei um die 0,20 USD !!!
Bei dieser Aktie braucht man Nerven...
Bei dieser Aktie braucht man Nerven...
Relatively Low RPE Detected in Shares of TerreStar in the Wireless Telecommunication Services Industry (TSTR, CLWR, LTON, SHEN, NIHD)
Written on Sun, 10/24/2010 - 11:49am
By Chip Brian
Below are the bottom five companies in the Wireless Telecommunication Services industry ranked by Revenue Per Employee (RPE). Analysts use RPE as a measure to compare the productivity of companies in the same industry.
TerreStar (NASDAQ:TSTR) ranks first with an RPE of $83K; Clearwire (NASDAQ:CLWR) ranks second with an RPE of $115K; and Linktone (NASDAQ:LTON) ranks third with an RPE of $233K.
Shenandoah Telecommunications (NASDAQ:SHEN) follows with an RPE of $364K and NII Holdings (NASDAQ:NIHD) rounds out the top five with an RPE of $367K.
http://www.mysmartrend.com/news-briefs/news-watch/relatively…
Written on Sun, 10/24/2010 - 11:49am
By Chip Brian
Below are the bottom five companies in the Wireless Telecommunication Services industry ranked by Revenue Per Employee (RPE). Analysts use RPE as a measure to compare the productivity of companies in the same industry.
TerreStar (NASDAQ:TSTR) ranks first with an RPE of $83K; Clearwire (NASDAQ:CLWR) ranks second with an RPE of $115K; and Linktone (NASDAQ:LTON) ranks third with an RPE of $233K.
Shenandoah Telecommunications (NASDAQ:SHEN) follows with an RPE of $364K and NII Holdings (NASDAQ:NIHD) rounds out the top five with an RPE of $367K.
http://www.mysmartrend.com/news-briefs/news-watch/relatively…
Antwort auf Beitrag Nr.: 40.381.762 von Aktientitan am 25.10.10 07:36:30Hallo Titan,
d.h. doch, dass die der oder das Letzte von fünfen sind, also die schlechtesten im Ranking !
Ich beobachte immer noch den Wert.
Ciao
3. Eichen
d.h. doch, dass die der oder das Letzte von fünfen sind, also die schlechtesten im Ranking !
Ich beobachte immer noch den Wert.
Ciao
3. Eichen
Antwort auf Beitrag Nr.: 40.384.237 von dreieichen am 25.10.10 14:43:2625.10.2010 18:17
Elektrobit Oyj: EB (ELEKTROBIT CORPORATION) WILL BOOK A STATUTORY PROVISION OF 8.3 MILLION EUROS DUE TO RISK OF LOSING RECEIVABLES FROM ITS CUSTOMER TERRESTAR NETWORKS, PROVIDE ADVANCE INFORMATION ON JANUARY-SEPTEMBE
STOCK EXCHANGE RELEASE
Free for publication on October 25, 2010, at 7:15 pm (CEST +1)
EB (ELEKTROBIT CORPORATION) WILL BOOK A STATUTORY PROVISION OF 8.3 MILLION EUROS DUE TO RISK OF LOSING RECEIVABLES FROM ITS CUSTOMER TERRESTAR NETWORKS, PROVIDE ADVANCE INFORMATION ON JANUARY-SEPTEMBER RESULT AND LOWER ITS SECOND HALF PROFIT ESTIMATE
EB (Elektrobit Corporation) has resolved to book a statutory provision in the amount of EUR 8.3 million related to receivables owed to its subsidiary Elektrobit Inc. by its customer TerreStar Networks Inc. (TerreStar Networks) that has filed for reorganization. EB informed on October 20, 2010 that TerreStar Networks has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
According to advance information, EB's net sales during January-September 2010 increased by 5.5 per cent to EUR 119.9 million (EUR 113.7 million in January-September 2009). Operating loss was EUR -9.7 million (EUR -1.9 million in January-September 2009). Net sales during July-September 2010 amounted to EUR 33.7 million (EUR 33.5 million, 3Q 2009), representing an increase of 0.6% year-on-year. Operating loss during July-September 2010 was EUR -11.5 million (EUR -0.8 million, 3Q 2009). The booked statutory provision in the amount of EUR 8.3 million is included in the abovementioned operating loss figures.
TerreStar Networks' court filings with the United States Bankruptcy Court contain only limited information on how EB's receivables will be treated in the reorganization. Further, TerreStar Networks' court filings do not contain a plan of reorganization, which EB anticipates will be presented for the approval of creditors and the Court later in the bankruptcy case. After subsequent discussions on the matter, EB has resolved to make the statutory provision due to uncertainty as to how the receivables will be treated in the reorganization. Also, due to its customer's reorganization process, EB has lowered its Terrestar Networks related net sales estimates for the last quarter of 2010. More exact implications for the parties' future business relations cannot be currently evaluated.
Considering the current estimated implications of TerreStar Networks' filing for reorganization on EB's profit and financial position in the third quarter of 2010, as well as on the outlook for the parties' business relations during the last quarter, EB expects that net sales for the second half of 2010 will be higher than in the second half of 2009 (EUR 73.6 million) and operating profit for the second half of 2010, without the statutory provision of EUR 8.3 million, will be clear lower than the operating profit for the second half of 2009 (0.0 million). The weakening operating profit level is mainly due to lowered Terrestar Networks related net sales estimates. It is possible that, based on later information related to TerreStar Networks' reorganization, this outlook may need to be reconsidered.
Earlier EB had expected that the net sales for the second half of 2010 would be higher than in the second half of 2009 (EUR 73.6 million) and that the operating profit for the second half of 2010 would be at the level of or better than the operating profit for the second half of 2009 (EUR 0.0 million). Due to the holiday period and the nature of R&D services business the third quarter of 2010 was estimated to be weaker than the fourth quarter of 2010.
Based on EB's current understanding, there is no reason to believe that EB would not be able to collect in due course at least that portion of TerreStar Networks' receivables that exceed the amount of the above-mentioned statutory provision. It is possible that, based on later information, this view may need to be reconsidered. At worst, TerreStar Networks' reorganization process and challenges in obtaining funding may result in significant credit losses for EB or even termination of the business relation should TerreStar Networks, in an exercise of its business judgment and with Court approval, determine that it will not comply with its contractual obligations towards EB as provided by EB.
Despite the above mentioned statutory provision EB aims to collect the amounts owed to it by TerreStar Networks in full. At the moment, EB's receivables from TerreStar Networks amount to approximately USD 25.9 million (EUR 18.6 million as per exchange rate of October 22, 2010), out of which USD 24.2 million (EUR 17.4 million as per exchange rate of October 22, 2010) are outstanding.
As informed by EB on October 20, 2010 TerreStar Networks and certain other affiliates of TerreStar Corporation have based on information published on October 19, 2010, in order to strengthen their financial position, filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code. TerreStar Networks is a majority-owned indirect subsidiary of TerreStar Corporation. Under such reorganization process, payment by TerreStar Networks of amounts owed to its creditors will require approval by the United States Bankruptcy Court and, if made pursuant to a plan of reorganization, an affirmative vote of TerreStar Networks' creditors. It is also possible that the payment of receivables will be done partly or wholly in a form of shares in the reorganized company or in the form of other securities entitling creditors to obtain shares. The form or timing of any such payment of EB's receivables cannot be predicted with any degree of certainty at this time.
EB will release the January-September 2010 Interim Report on October 28, 2010.
Oulu, 25.10.2010
EB, Elektrobit Corporation
Board of Directors
Further information:
Jukka Harju
Chief Executive Officer
Tel +358 40 344 5466
For further information on TerreStar and TerreStar Networks, please see www.terrestar.com (http://www.terrestar.com/) and www.TerreStarInfo.com.
Distribution:
NASDAQ OMX Helsinki
Principal media
EB, Elektrobit Corporation
EB develops advanced technology and transforms it into enriching end user experiences. EB specializes in demanding embedded software and hardware solutions for the automotive industry and wireless technologies. The company's net sales for the year 2009 totaled EUR 153.8 million. Elektrobit Corporation is listed on the NASDAQ OMX Helsinki. www.elektrobit.com (https://inpublic.huginonline.com/Local%20Settings/www.elektr…
Elektrobit Oyj: EB (ELEKTROBIT CORPORATION) WILL BOOK A STATUTORY PROVISION OF 8.3 MILLION EUROS DUE TO RISK OF LOSING RECEIVABLES FROM ITS CUSTOMER TERRESTAR NETWORKS, PROVIDE ADVANCE INFORMATION ON JANUARY-SEPTEMBE
STOCK EXCHANGE RELEASE
Free for publication on October 25, 2010, at 7:15 pm (CEST +1)
EB (ELEKTROBIT CORPORATION) WILL BOOK A STATUTORY PROVISION OF 8.3 MILLION EUROS DUE TO RISK OF LOSING RECEIVABLES FROM ITS CUSTOMER TERRESTAR NETWORKS, PROVIDE ADVANCE INFORMATION ON JANUARY-SEPTEMBER RESULT AND LOWER ITS SECOND HALF PROFIT ESTIMATE
EB (Elektrobit Corporation) has resolved to book a statutory provision in the amount of EUR 8.3 million related to receivables owed to its subsidiary Elektrobit Inc. by its customer TerreStar Networks Inc. (TerreStar Networks) that has filed for reorganization. EB informed on October 20, 2010 that TerreStar Networks has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
According to advance information, EB's net sales during January-September 2010 increased by 5.5 per cent to EUR 119.9 million (EUR 113.7 million in January-September 2009). Operating loss was EUR -9.7 million (EUR -1.9 million in January-September 2009). Net sales during July-September 2010 amounted to EUR 33.7 million (EUR 33.5 million, 3Q 2009), representing an increase of 0.6% year-on-year. Operating loss during July-September 2010 was EUR -11.5 million (EUR -0.8 million, 3Q 2009). The booked statutory provision in the amount of EUR 8.3 million is included in the abovementioned operating loss figures.
TerreStar Networks' court filings with the United States Bankruptcy Court contain only limited information on how EB's receivables will be treated in the reorganization. Further, TerreStar Networks' court filings do not contain a plan of reorganization, which EB anticipates will be presented for the approval of creditors and the Court later in the bankruptcy case. After subsequent discussions on the matter, EB has resolved to make the statutory provision due to uncertainty as to how the receivables will be treated in the reorganization. Also, due to its customer's reorganization process, EB has lowered its Terrestar Networks related net sales estimates for the last quarter of 2010. More exact implications for the parties' future business relations cannot be currently evaluated.
Considering the current estimated implications of TerreStar Networks' filing for reorganization on EB's profit and financial position in the third quarter of 2010, as well as on the outlook for the parties' business relations during the last quarter, EB expects that net sales for the second half of 2010 will be higher than in the second half of 2009 (EUR 73.6 million) and operating profit for the second half of 2010, without the statutory provision of EUR 8.3 million, will be clear lower than the operating profit for the second half of 2009 (0.0 million). The weakening operating profit level is mainly due to lowered Terrestar Networks related net sales estimates. It is possible that, based on later information related to TerreStar Networks' reorganization, this outlook may need to be reconsidered.
Earlier EB had expected that the net sales for the second half of 2010 would be higher than in the second half of 2009 (EUR 73.6 million) and that the operating profit for the second half of 2010 would be at the level of or better than the operating profit for the second half of 2009 (EUR 0.0 million). Due to the holiday period and the nature of R&D services business the third quarter of 2010 was estimated to be weaker than the fourth quarter of 2010.
Based on EB's current understanding, there is no reason to believe that EB would not be able to collect in due course at least that portion of TerreStar Networks' receivables that exceed the amount of the above-mentioned statutory provision. It is possible that, based on later information, this view may need to be reconsidered. At worst, TerreStar Networks' reorganization process and challenges in obtaining funding may result in significant credit losses for EB or even termination of the business relation should TerreStar Networks, in an exercise of its business judgment and with Court approval, determine that it will not comply with its contractual obligations towards EB as provided by EB.
Despite the above mentioned statutory provision EB aims to collect the amounts owed to it by TerreStar Networks in full. At the moment, EB's receivables from TerreStar Networks amount to approximately USD 25.9 million (EUR 18.6 million as per exchange rate of October 22, 2010), out of which USD 24.2 million (EUR 17.4 million as per exchange rate of October 22, 2010) are outstanding.
As informed by EB on October 20, 2010 TerreStar Networks and certain other affiliates of TerreStar Corporation have based on information published on October 19, 2010, in order to strengthen their financial position, filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code. TerreStar Networks is a majority-owned indirect subsidiary of TerreStar Corporation. Under such reorganization process, payment by TerreStar Networks of amounts owed to its creditors will require approval by the United States Bankruptcy Court and, if made pursuant to a plan of reorganization, an affirmative vote of TerreStar Networks' creditors. It is also possible that the payment of receivables will be done partly or wholly in a form of shares in the reorganized company or in the form of other securities entitling creditors to obtain shares. The form or timing of any such payment of EB's receivables cannot be predicted with any degree of certainty at this time.
EB will release the January-September 2010 Interim Report on October 28, 2010.
Oulu, 25.10.2010
EB, Elektrobit Corporation
Board of Directors
Further information:
Jukka Harju
Chief Executive Officer
Tel +358 40 344 5466
For further information on TerreStar and TerreStar Networks, please see www.terrestar.com (http://www.terrestar.com/) and www.TerreStarInfo.com.
Distribution:
NASDAQ OMX Helsinki
Principal media
EB, Elektrobit Corporation
EB develops advanced technology and transforms it into enriching end user experiences. EB specializes in demanding embedded software and hardware solutions for the automotive industry and wireless technologies. The company's net sales for the year 2009 totaled EUR 153.8 million. Elektrobit Corporation is listed on the NASDAQ OMX Helsinki. www.elektrobit.com (https://inpublic.huginonline.com/Local%20Settings/www.elektr…
Antwort auf Beitrag Nr.: 40.386.253 von Aktientitan am 25.10.10 19:04:42Hallo Titan,
sehr interessant. Rest per BM.
Gruss
3. E
sehr interessant. Rest per BM.
Gruss
3. E
Antwort auf Beitrag Nr.: 40.389.461 von dreieichen am 26.10.10 10:23:08USOTC:TSTRQ RT
http://de.advfn.com/p.php?pid=qkquote&symbol=NO^TSTRQ
http://de.advfn.com/p.php?pid=qkquote&symbol=NO^TSTRQ
Antwort auf Beitrag Nr.: 40.374.674 von Aktientitan am 22.10.10 16:02:43http://www.dailyfinance.com/quotes/terrestar-corporation/tst…
http://www.reuters.com/article/2011/07/07/terrestar-confirma…UPDATE 2-Court OKs TerreStar's $1.38 bln sale to Dish
Judge Approves Bonus Packages For TerreStar Executives
Date : 02/22/2011 @ 12:39PM
Sourceow Jones News
Judge Sean H. Lane of U.S. Bankruptcy Court in Manhattan approved the bonuses, which could pay TerreStar executives as much as $10.3 million if the company fetches $1.4 billion. No parties objected to the bonus package.
List of Equity Security Holders:
(Common Stock)
Charles Schwab, 34 mil.
J.P. Morgan, 25 mil.
Goldman Sachs, 16,8 mil.
TD Ameritrade, 5,6 mil.
Citigroup, 5,2 mil.
Barclays, 5 mil.
.....
....
...
..
.
http://www.terrestarcorprestructuring.com/pdflib/23_10612.pd…
Some DD showing COMMON equity may be in the money:
This DD is based on the last 10Q's listings of liabilities and assets, and also the cash buyout offer TSTRQ received from Dish Networks. The math should make sense here.
As of the last 10Q: (amounts in thousands)
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=73989…
Total assets were listed as 1.401.602.000
These broke down into:
Cash 15,037
Inventories 1,502
Deferred Insurance Costs 2,032
Prepaid and other 7,318
Property and Equipment, net 1,016,765
Intangible assets 353,138
Restricted cash 475
Deferred Insurance Costs 5335
Note that what Dish is purchasing from TSTRQ is probably a large percentage of the 1,016,765, so we can go ahead and add
400 million, the premium dish was willing to pay, to the total assets number.
Now we have 1.801.602.000 total assets.
The liabilities on the 10Q break down into a total of 1,642,947 (see 10Q, or below in this post as I copied and pasted it)
Total assets post buyout - Total liabilities = Free assets retained by TSTRQ.
1801602000 - 1642947000 = 158,655,000
That would be the amount of money (minimum) that equity is IN THE MONEY, as it is possible that the "Property and Equipment" figure I assumed was everything Dish was purchasing may include property and equipment dish isn't purchasing, also.
If I have done my research correctly, the liabilities they have listed on their last 10Q include the preferred stockholders and all debt claims against them. So this cash seems to be what will be left over, total. Of course interest will have built up over time, but I doubt it would have built up to a number equalling 150 million.
That would put us just over $1 per share.
Date : 02/22/2011 @ 12:39PM
Source
ow Jones NewsJudge Sean H. Lane of U.S. Bankruptcy Court in Manhattan approved the bonuses, which could pay TerreStar executives as much as $10.3 million if the company fetches $1.4 billion. No parties objected to the bonus package.
List of Equity Security Holders:
(Common Stock)
Charles Schwab, 34 mil.
J.P. Morgan, 25 mil.
Goldman Sachs, 16,8 mil.
TD Ameritrade, 5,6 mil.
Citigroup, 5,2 mil.
Barclays, 5 mil.
.....
....
...
..
.
http://www.terrestarcorprestructuring.com/pdflib/23_10612.pd…
Some DD showing COMMON equity may be in the money:
This DD is based on the last 10Q's listings of liabilities and assets, and also the cash buyout offer TSTRQ received from Dish Networks. The math should make sense here.
As of the last 10Q: (amounts in thousands)
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=73989…
Total assets were listed as 1.401.602.000
These broke down into:
Cash 15,037
Inventories 1,502
Deferred Insurance Costs 2,032
Prepaid and other 7,318
Property and Equipment, net 1,016,765
Intangible assets 353,138
Restricted cash 475
Deferred Insurance Costs 5335
Note that what Dish is purchasing from TSTRQ is probably a large percentage of the 1,016,765, so we can go ahead and add
400 million, the premium dish was willing to pay, to the total assets number.
Now we have 1.801.602.000 total assets.
The liabilities on the 10Q break down into a total of 1,642,947 (see 10Q, or below in this post as I copied and pasted it)
Total assets post buyout - Total liabilities = Free assets retained by TSTRQ.
1801602000 - 1642947000 = 158,655,000
That would be the amount of money (minimum) that equity is IN THE MONEY, as it is possible that the "Property and Equipment" figure I assumed was everything Dish was purchasing may include property and equipment dish isn't purchasing, also.
If I have done my research correctly, the liabilities they have listed on their last 10Q include the preferred stockholders and all debt claims against them. So this cash seems to be what will be left over, total. Of course interest will have built up over time, but I doubt it would have built up to a number equalling 150 million.
That would put us just over $1 per share.
TerreStar, MSR Resorts, Madoff, A&P, Montana Co-Op: Bankruptcy
http://www.businessweek.com/news/2011-10-25/terrestar-msr-re…
http://www.businessweek.com/news/2011-10-25/terrestar-msr-re…
Antwort auf Beitrag Nr.: 42.254.606 von grafbibi am 25.10.11 13:41:30http://www.businessweek.com/news/2011-10-25/terrestar-msr-re…
Der Wert ist seit gestern von 0,008 bis heute im Tief auf 0,002$ und somit um 75% gefallen. Ganz ohne Nachrichten.
Ich denke, da wollte jemand durch seinen Verkauf noch die Verluste für dieses Jahr steuerlich geltend machen. Durch die Abwärtsdynamik wird es natürlich noch andere mitgerissen haben, die kalte Füße bekommen haben.
Der Ausverkauf scheint nun aber vorbei zu sein und der Wert hat sich unter niedrigen Umsätzen berappelt und ist schon wieder sauber ins Plus gelaufen.
It's time to play.
Nähere Infos zu laufenden Gerichtsverfahren findet ihr auf IHub...
Ich denke, da wollte jemand durch seinen Verkauf noch die Verluste für dieses Jahr steuerlich geltend machen. Durch die Abwärtsdynamik wird es natürlich noch andere mitgerissen haben, die kalte Füße bekommen haben.
Der Ausverkauf scheint nun aber vorbei zu sein und der Wert hat sich unter niedrigen Umsätzen berappelt und ist schon wieder sauber ins Plus gelaufen.
It's time to play.
Nähere Infos zu laufenden Gerichtsverfahren findet ihr auf IHub...
Ach ja, Intraday Reversal vom Feinsten. Ein bullishes Zeichen.
TerreStar wins approval of Dish-backed bankruptcy plan
Wednesday 15 February 2012
http://www.totaltele.com/view.aspx?ID=471242
Wednesday 15 February 2012
http://www.totaltele.com/view.aspx?ID=471242
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