May. 22 at 4:29 PM
$NN just a point to the shorts...when these warrants convert the co is going have over 300mm of liquidity on their b/s...burning 25-50mm a year... they have 5-10 years of liquidity... yes NPRM is the most important issue for them, but they can last a lot longer than the shorts...spectrum assets are long lived assets, their value only goes up with time....this is an enormous liquidity event... no other spectrum asset that was for sale would have this kind of profile..
SATS, STRP, INTELSAT all had severe liquidity issues and needed a sale to make it through
with the warrant conversion, time will be on NN side...they will have a war chest to fight womack