#61
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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
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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
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Hmm something was up with SK's bid. 45 min recess...fuckin Christ
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#64
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Ahh here it is....
Apparently their bid included deals with studios but not creditor payments. Silly Koreans |
#65
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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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It's been a Fun Ride, THANKS!! Old Friends!! ROYAL GUARD The top Poster!
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#66
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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
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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.
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#68
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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.
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#69
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So what happened to Dish then
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It's been a Fun Ride, THANKS!! Old Friends!! ROYAL GUARD The top Poster!
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#70
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The interesting thing is that the liquidation team hasn't even proposed a bid yet.
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