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 a 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.

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[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.

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[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.

 

[MikeD-C05]

Oh I can think of a few.

Spill it. Who?

 

[man00]

So I guess we can kiss any plan Dish had to offer real home internet good-bye

 

[Scott Greczkowski]

So I guess we can kiss any plan Dish had to offer real home internet good-bye

I wouldn't say that. I just hope they would get stuff in gear, after all the stuff is already out there and is sitting there basically unused.

 

[MikeD-C05]

I wouldn't say that. I just hope they would get stuff in gear, after all the stuff is already out there and is sitting there basically unused.

Cost money to deploy and install it I guess and they don't have the money to finish out the cell phone towers and owe for debts that they can't pay. So why try to start anything else.

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[Scott Greczkowski]

The towers are mainly done for most of the country. If I had to guess the issue is with the backhaul. People want to do a speedtest on their phones and see they are getting 600 meg down, not do a speedtest and see they are only getting 11 down.

The promise of 5G (from everyone) has not lived up to the hoopla. And in reality I am not really seeing any real difference between it and 4G.

 

[Scott Greczkowski]

Just saw this and thought I would share it here...

A lot of folks keep thinking that IF DISH files for Bankruptcy, that there will be no more DISH. I keep trying to explain that Bankruptcy is not necessarily a bad thing. In many cases it is a smart business move.

So here is a note from Red Lobster which hopefully explains this better.

There we go... and now I am in the mood for Chedarbay Biscuits

 

[Bruce]

The towers are mainly done for most of the country. If I had to guess the issue is with the backhaul. People want to do a speedtest on their phones and see they are getting 600 meg down, not do a speedtest and see they are only getting 11 down.

Still not in 3 areas, one is extremely major-

Future Planned Areas:

Boston, MA Charleston, WV

Los Angeles, CA

The info is from them, not some blog-

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[Scott Greczkowski]

That's why I said MAINLY.

 

[Bruce]

That's why I said MAINLY.

The LA market is a big MAINLY, probably take, at least, a billion or more for the entire metro area.

But if Dish/Echostar does finish those three markets, should get them to the 75% they have to be at next summer.

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