Hmm...
Keep making things up Rick... Show me ONE --- JUST ONE statement by the Dolans or CVC saying it had anything to do with funding. I've furnished a memo signed by Chuck and Tom saying funding is in place... Show me some EVIDENCE to back up your claim.
Hmm, I have said, and I'll say it again, everything they've said has indicated it has to do with funding. Read this SEC filing:
On March 8, 2005, Charles F. Dolan and Thomas C. Dolan entered
into an agreement with the Issuer pursuant to which Charles F.
Dolan will fund costs of the Issuer's Rainbow DBS business
above those that would have been incurred under a shutdown
budget (the "DBS Agreement"). Pursuant to the DBS Agreement,
Charles F. Dolan will deposit with the Issuer cash and/or
shares of Class A Common Stock or Class B Common Stock to fund
such costs. The Issuer shall make withdrawals from the cash
and/or shares so deposited to fund the additional costs. These
withdrawals shall be made first from cash amounts, then from
any shares of Class A Common Stock and then from any shares of
Class B Common Stock that may have been deposited. The DBS
Agreement will terminate on March 31, 2005 or may be
terminated by Charles F. Dolan at any earlier time. Upon the
termination of the DBS Agreement, all cash, Class A Common
Shares and Class B Common Shares deposited by Charles F. Dolan
but not used to fund costs of the Rainbow DBS business shall
be returned to Charles F. Dolan."
Cablevision and Charles F. Dolan ("Dolan") intend to
work together in an open and cooperative manner to
finalize the separation of Rainbow DBS from
Cablevision. Cablevision has begun the shutdown of
the business of Rainbow DBS. No new shutdown actions
will be undertaken. The business will continue to be
operated in accordance with the budget of Required
Costs for March agreed to by Cablevision and Dolan
(the "Baseline Plan"), subject to modification as
provided below. Cablevision and Dolan agree not to
take any actions, directly or indirectly, that are
inconsistent with the Baseline Plan, except that
Dolan may cause actions inconsistent with the
Baseline Plan to be taken as provided below under
"Expenditures" and "Commitments and Changes".
Expenditures: The Rainbow DBS business shall continue to make the
expenditures that would have been incurred under the
Baseline Plan. Expenditures above such amounts
("Additional Expenditures") shall be made only if
authorized by the Chief Financial Officer of
Cablevision or his designee (the "CFO"), which
authorization shall be provided if the CFO is
satisfied that cash or Funding Shares are on deposit
with Cablevision (excluding Segregated Shares)
Now, does it say, "We don't have the funding yet,"? No it doesn't. However, and let's try and use our heads here, if he HAD the funding when this SEC filing (yes, it's an SEC filing meaning it's about as official as it can get for a public company), then why is he throwing in $10m of his money to float them until the end of the month? If he has funding or had planned (when this was filed) to fund it out of his own pocket, why hasn't he done so? Why has there been NO press release indicating as such???
Please, show ME some evidence (other than some stupid memo) showing me it is just logistics at this point and I'll HAPPILY admit my OPINION was incorrect.
The Dolans have said privately this has everything to do with lawyering and legalistic details. And in the case of corporate legal disputes, seldom do they disclose any details while negotiations are ongoing
:::"YAWN::: Again, more of your, "I KNOW someone," garbage. Where's the proof they have said this PRIVATELY. I'll say it again since you don't seem to understand this, PRIVATE conversations mean nothing to people like me who are, by definition, the public. Everything you say may just be true. However, and I'll say it AGAIN, I'm basing my OPINION on what's available to the PUBLIC, not to someone on the, "inside".
I may have offered LITTLE, because there is little to offer. You have not offered ANYTHING that is a fact... In fact, you have misstated the truth. You have said now about a hundred times about the FACT that they have hinted the funding is not in place...
Please reread YOUR OWN STATEMENT here. You have offered LITTLE because you have LITTLE to offer. I have never misstated the truth. Show me where I have. You are on your soapbox screaming how much you know because you have information none of us have. I have interrpreted--either correctly or incorrectly--what is available to me. It is my belief--and the belief of most people in the industry I might add--that funding is an issue for them. It makes total sense this is a major issue knowing the state of the industry and how badly Voom has failed so far.
Now, had Voom been able to muster more than the handful of subs they have so far I'd say people wouldn't mind pumping some BADLY needed cash into the company. Heck, CVC probably wouldn't be trying to get rid of them.
Otherwise, you just making up things doesn't make something a fact. You speculating about things you know little about doesn't make it a fact.
I'm guessing you CAN actually read since you've been bantering with me for so long so how about going back and reading (actually READING) some of my posts. I am not stating anything as fact. You are the one claiming to know so much as far as the facts go. I am stating my OPINION and not claiming it's a fact. I have claimed there have been no public statements saying they have funding in place as a fact--because it is. I have claimed they have also NOT said the logistics are the only problem as a fact--because it is. Please, if you know so much then show me where they're saying the only problem is logistics.
Go on Rick, let's see it... I call you out here and now... If it is a fact, show your source... Back it up with a quote... Le
Funny, the person who is claiming to know so much because you know so many people inside is asking ME to back up stuff with a quote and to show my sources. How about you doing this? Oh, you don't actually know anything more than what we do? Or wait, you're talking to a CSR or an adminstrator there? Again, I find it VERY hard to believe anyone with any power is telling you anything. Prove me wrong.
And, until YOU step up and show us your cards, I'm done with you.
The Rickster
