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  #61  
Unread April 5th, 2011, 10:52 AM
BBStoreMgr112233 BBStoreMgr112233 is offline
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@Superjersey SK atty specif. said co wants to preserve #Blockbuster relationship w/studios, suppliers, stores, jobs. Take it as you will

Above tweet confirms their attempt. We can continue to cheer and root for SK and I believe Dish's intent would be the same.
  #62  
Unread April 5th, 2011, 10:55 AM
BBStoreMgr112233 BBStoreMgr112233 is offline
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For those of you who think I don't ever negatively say anything about Blockbuster, read the following closely.........

The link we are all following just had the following tweet...

BTW, #Blockbuster banker explained 3 hour break thusly: "When we left, we got a bit of pizza. Then wee needed a siesta."

I hope someone in the room spoke up and said, "And you wonder why you are in fucking bankruptcy?".

I know this was meant as a joke, but this is exactly how this company has been run for quite a while now. Unbelievable.
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  #63  
Unread April 5th, 2011, 10:57 AM
Freemason220 Freemason220 is offline
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Hmm something was up with SK's bid. 45 min recess...fuckin Christ
  #64  
Unread April 5th, 2011, 11:01 AM
Freemason220 Freemason220 is offline
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Ahh here it is....

Apparently their bid included deals with studios but not creditor payments.


Silly Koreans
  #65  
Unread April 5th, 2011, 11:02 AM
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Sounds like SK is really interested here
But

SK's bid struck deals w/ 3/4 major studios to keep shipping movies. But other factors, inc. creditor payments, not high enuf
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  #66  
Unread April 5th, 2011, 11:07 AM
Freemason220 Freemason220 is offline
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SK Tel. got pass into next round for #Blockbuster. Icahn opens up new round w/$10m raise, headline of $304.6m. $158.1m to rollup notes

Icahn is going to get ahead again
  #67  
Unread April 5th, 2011, 11:07 AM
BBStoreMgr112233 BBStoreMgr112233 is offline
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Yeah this is what is taking so long. The process may speed up once they get all these kinks worked out, but I believe there is a lot of behind the scene negotiations with creditors to insure their agreements post sale.
  #68  
Unread April 5th, 2011, 11:09 AM
BBStoreMgr112233 BBStoreMgr112233 is offline
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I truly hope that Icahan isn't acting like most bad gamblers and trying to chase bad (lost) money with good. I hope he is there only to drive up bids enough to insure he receives full value for the bonds he purchased for pennies on the dollar so that he makes a pretty penny on those and gets out.
  #69  
Unread April 5th, 2011, 11:09 AM
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So what happened to Dish then
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  #70  
Unread April 5th, 2011, 11:11 AM
Freemason220 Freemason220 is offline
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The interesting thing is that the liquidation team hasn't even proposed a bid yet.
 

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