Kingpin, have a pop and relax. I'm still a little confused myself. The big thing that I know or hope, that the auction pops are worth a lot of money. This makes our cheaply owned pops worth something.
I think this is very interesting. Food for thought. If AT&T, etc. (large telco) were to make a large bid for LMDS and win, they would not get good discount and therefore buy at a premium. Now, AT&T, etc. could buy the such as WCII, and have all licenses, business, switches, customers and probably get the auction equivalent licenses at a discount. In return, we still get an outstanding share price on buyout. I think the auction is already showing us min. value of our licenses, which isn't bad.
Hope I didn't confuse you, but if I were a large telco and wanted to own wireless licenses, and not pay full auction price, I believe that I would work a deal to purchase them at a small discount from someone else. I don't really want WCII to sell out, but it would not surprise me at all, if after the auction, we either take cash for our shares or have to trade them up for another stock symbol.
Any thoughts, or did I confuse everyone. I just about confused myself.
To me, this thing is starting to look extremely serious! |
