EchoStar/Dish raises doubts about 'ability to continue as a going concern'

[nelson61]

Chapter 13: Continue operations.

Business continuing in business bankruptcy would be a Chapter 11.

 

[Scott Greczkowski]

Business continuing in business bankruptcy would be a Chapter 11.

Could be a Chapter 13, Chapter 11 or Chapter 7. Of course the worst one is Chapter 7.

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I would say Chapter 11 is probably best if DISH has to file.

 

[navychop]

Yeah I just caught that and edited.

 

[Bruce]

Business continuing in business bankruptcy would be a Chapter 11.

And an extremely more complicated then a Personal Bankruptcy.

Also possible Charlie could lose control since he just owns shares now.

Also have to get the Creditors to agree on a deal to bring the company out of Chapter 11.

Might need a major investor also, because the company will need cash for when/if it comes out of 11.

Kind of like Diamond Sports, which is using $500 Million from Sinclair and $100 Million from Amazon to have some cash when/if they come out of Chapter 11.

Those above are a very simple description of what could happen if they declare, which will be a lot worse in reality.

 

[telstar_1]

But at bottom, who would really want the "asset" of DiSH (or of now DiSH-re-merged Echostar? At the end of the day, Charlie's simply stuck with it, bankruptcy or no.

 

[Scott Greczkowski]

Oh I can think of a few.

 

[Bruce]

But at bottom, who would really want the "asset" of DiSH (or of now DiSH-re-merged Echostar? At the end of the day, Charlie's simply stuck with it, bankruptcy or no.

I really doubt the creditors would not agree to something, but it depends on what that something is if they make a deal.

 

[Teehar]

I think DISH will be fine. Bankruptcy is NOT a bad thing. Trust me, I am just coming out of a Chapter 13 myself.

Honestly...I hope you're right,still with Dish after all these years lol.But I think old Charlie has lost his mojo.

 

[Scott Greczkowski]

Honestly...I hope you're right,still with Dish after all these years lol.But I think old Charlie has lost his mojo.

This phone thing has been a distraction to him. It might have been a good idea if the pandemic didn't screw things up.

 

[Teehar]

This phone thing has been a distraction to him. It might have been a good idea if the pandemic didn't screw things up.

Totally agree,but I was scratching my head years ago when he was making those bids for wireless spectrum.

 

[telstar_1]

Totally agree,but I was scratching my head years ago when he was making those bids for wireless spectrum.

Especially with the attached conditions. But he was the golden boy of that age.