The earnings report make it clear ... there is no long term viability for Look, the spectrum has value which will be defined by the market through the sales process which is excruciatingly slow.
Likely to be some downward pressure on price ... which equals a buying opportunity for some ....
Personally I remain quite convinced a worthwhile deal is well within the works. With the potential number of people who would be interested in this spectrum, only a fire sale could allow a backdoor deal and the sales process clearly indicated Look was operating and is operating as a going concern prior to the bidding and I'm certain of interest by many.
I would never have guessed it would take anywhere near this long and I remain optimistic ... a sale at .50 is not going to happen even though I don't believe that will really hurt any of us.
In the meantime since our finger nails are at their quicks, our booze supply has taken a major hit, and our anxiety levels thanks to this and overall market conditions has/is peaking we must remember don't worry about that which you can not control, our bets have been placed and our pony is running ... how she places will only be know at the end of the race.
Hang tough, GLTA
orgy