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Carl Icahn Buys $300 Million of LightSquared Debt

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He does nothing with stuff!

landmarkcm

Jan 20, 2012, 2:28 PM
He bought the 70 percent completed Fontainebleau here in Vegas that was supposed to be open already like 3 years ago! That would be one of the most beautiful resorts. Then he sells the furnishings for the place at auction. Wth.
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KOL4420

Jan 20, 2012, 3:34 PM
It is all part of his scheme to double up on his money ;).


He will do the same with Lightsquared.
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Tofuchong

Jan 20, 2012, 6:56 PM
If lightsquared fails he'll have a hard time doing that. Their spectrum (thus far as determined by the FCC) is useless for terrestrial use, they got nothin.
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Jayshmay

Jan 20, 2012, 7:05 PM
That's exactly what I thought of when I saw your post was the Fontainblaeu. I currently live in Vegas. **But am going to school with intentions of moving back home!!!**

The Cosmopolitan is doing plenty fine, and so could the Fontainblaue if it was completed and opened.
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dlmjr

Jan 20, 2012, 7:40 PM
He is a vulture. Same guy that bought TWA and ran it into the gound.
He will hold about 18% (if I figured right) of LS debt which will probably put him near the first of the line when it goes under.

But, he doesn't do these things without a plan. $300 million isn't chump change and he has something in mind that will make him profits on that outlay.

There is use for the spectrum, it just won't be from terrestrial towers at high power.
That whole idea was pie in the sky and there is too much skullduggery involved in the deal.

You have Falcone investing huge bucks, and he's under suspicion by the SEC for other things.
There are Justice and Congressional investigations as to who and why may have influenced this whole deal.

It ju...
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