  Homebrew1994 Betzwood Basement Brewery
join:2001-11-15 King Of Prussia, PA
| reply to wtansill Re: Gee, what a surprise
said by wtansill: Bondholders may force a shutdown to maximize their profits, yet there is absolutely no protection for the millions of subscribers who've put up their hard-earned dollars for service that they will likely never see.
We subscribers paid our hard earned dollars for a service that we have been receiving. We will lose no money, only the luxury of broadband.
The bondholders and other creditors have the right to do whatever they legally can to minimize the bleeding of cash from @Home (and the possible fire-sale to ATT) so they can get partially repaid.
It is nice to think that the judge will feel sory for the 4mm subscribers losing their broadband, but I will not hold my breath for it. It is not like they are looking to shut off electricity or water service. High speed internet is not essential for life.
I really do hope that things work out for us and the cable light on my rented RCA modem stays lit, but I am not counting on it. Heck, the way my Comcast (Montgomery county, PA) connection has been running at night lately, a 56k connection will seem perfectly normal. I'll bank the $50 a month until they come back on line with something else.
Good Luck to All |