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So creditors balk at the plan..yet its expected to go ahead.Why bring it up they balk at it. What company that files for bankruptcy the creditors won't balk at it? Captain obvious. | |
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Re: So creditors balk at the plan..yet its expected to go ahead.They're balking because under the plan Paul Allen would retain some control. That is entirely unfair to the investors who saw their money vanish into thin air. His stake in the company should be completely removed. | |
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| | FFH5 Premium Member join:2002-03-03 Tavistock NJ |
FFH5
Premium Member
2009-Jul-22 11:58 am
Re: So creditors balk at the plan..yet its expected to go ahead.said by sonicmerlin:They're balking because under the plan Paul Allen would retain some control. That is entirely unfair to the investors who saw their money vanish into thin air. His stake in the company should be completely removed. I agree with that. You don't keep the captain of the Titanic on the bridge after causing the ship to sink. New management is needed and the bankruptcy judge should reject any deal that keeps him involved with the company after bankruptcy. | |
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pnh102Reptiles Are Cuddly And Pretty Premium Member join:2002-05-02 Mount Airy, MD |
pnh102
Premium Member
2009-Jul-22 10:30 am
Adios CharterChapter 7 baby! | |
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Re: Adios Chartersaid by pnh102:Chapter 7 baby! Charter won't just disappear fyi. It is considered by many to be the only broadband/cable tv provider around. In my area if Charter somehow stopped operations (won't happen because of legal stuff) a whole country goes dark. Missouri is like this all over sadly. | |
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| | pnh102Reptiles Are Cuddly And Pretty Premium Member join:2002-05-02 Mount Airy, MD |
pnh102
Premium Member
2009-Jul-22 11:47 am
Re: Adios CharterChapter 7 doesn't have to mean that services provided by Charter would come to an end. If Charter should enter Chapter 7, all of its service areas would be put up for sale by whoever wanted to buy them. These assets would probably be sold intact to some other cable company who would then continue to provide service. | |
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Re: Adios Chartersaid by pnh102:Chapter 7 doesn't have to mean that services provided by Charter would come to an end. If Charter should enter Chapter 7, all of its service areas would be put up for sale by whoever wanted to buy them. These assets would probably be sold intact to some other cable company who would then continue to provide service. That is what I just said. And no company would buy them. | |
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| | | | pnh102Reptiles Are Cuddly And Pretty Premium Member join:2002-05-02 Mount Airy, MD |
pnh102
Premium Member
2009-Jul-23 8:43 am
Re: Adios Chartersaid by markopoleo: And no company would buy them. You don't think a cable company would be interested in those assets? My guess is under Chapter 7 the debts incurred by Charter would be wiped out because of the sale of these assets. Depending on the money involved it might entice another cable provider to take over. | |
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plz go away!They bought my area 8 years ago and haven't did anything! they use to send flyers saying they are going to add this service and that service, but not a damn thing happen! | |
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PolarBear03The bear formerly known as aaron8301 Premium Member join:2005-01-03 |
Charter Tried, Failed To Sell SelfI tried the same thing once. Ironically, I got the same outcome. | |
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| morboComplete Your Transaction join:2002-01-22 00000 |
morbo
Member
2009-Jul-22 4:24 pm
Re: Charter Tried, Failed To Sell SelfPaul Allen owns you | |
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| | PolarBear03The bear formerly known as aaron8301 Premium Member join:2005-01-03 |
Re: Charter Tried, Failed To Sell SelfPaul Allen bought be? That explains the STD... | |
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tvjunkie
Anon
2009-Jul-22 1:18 pm
pleeeeeezzzzzzzz just upgrade your service Charter is sooooooooo behind the times here in Bellefontaine, ohio. only a single tuner dvr, and out of date motorola digiatal boxes from the 1990's...but there is no one else here to switch to except Directv....so i did, way better pic, and sound, and wow a dual tuner dvr! | |
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Lazlow join:2006-08-07 Saint Louis, MO |
Lazlow
Member
2009-Jul-22 5:54 pm
Sale price?I wonder what price they set when they tried to sell themselves? Usually when something does not sell it is becuase the price is to high. | |
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| AMDUSER Premium Member join:2003-05-28 Earth, |
AMDUSER
Premium Member
2009-Jul-23 12:50 pm
Re: Sale price?I'm not too sure.. it most likely had something to due with the assumed $4,000 per customer debt that came with.
For comparison Time Warner Cable has about $2,400-$2,500 per customer debt load. The same could be said about Comcast as well. | |
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| | Lazlow join:2006-08-07 Saint Louis, MO |
Lazlow
Member
2009-Jul-23 2:39 pm
Re: Sale price?Yeah, but one would need to consider that when one set the price. I get the impression that Allen did not really want it sold. | |
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| | Sammer join:2005-12-22 Canonsburg, PA |
to AMDUSER
said by AMDUSER:I'm not too sure.. it most likely had something to due with the assumed $4,000 per customer debt that came with. That makes what other cable companies are willing to pay for Charter about $zero. | |
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Plattsburgh NY
Anon
2009-Jul-24 1:27 am
Finally getting it rightI hope they pull something out, they are finally getting it right in my city. Look at my speeds, we only had 3meg available a year ago. | |
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