EchoStar/Dish raises doubts about 'ability to continue as a going concern'

[MikeD-C05]

I don't see where there is any delay in the money that is owed. In fact now they have to have 80% build out instead of 75% by the end of this year. How is this going to be accomplished in less than 3 months? Where is the money coming from ?

 

[Conway]

I am sure going to miss Dish when it's gone. The Hopper can't be beat!

 

[nelson61]

My understanding is the 80 percent (population based) build is essentially done.

 

[Bruce]

My understanding is the 80 percent (population based) build is essentially done.

According to Dish, still at 70% a few months ago.

The DISH 5G Network is Now Available to Over 70 Percent of the U.S. Population

More than 240 million Americans now have access to DISH 5G broadband service; DISH satisfies June 14, 2023 FCC commitments LITTLETON, Colo., June 15, 2023 /PRNewswire/ -- As of June 14, DISH...

about.dish.com

 

[CSM]

I wonder if Dish should do a new streaming service that would have locals and bundle it with their 5g network?

 

[dishdude]

I am sure going to miss Dish when it's gone. The Hopper can't be beat!

Even if they go through bankruptcy, I'm confident Dish Network satellite service will still be around for a few more years.

 

[nelson61]

According to Dish, still at 70% a few months

From their pressers and FCC filings

By the end of this year, EchoStar's Boost Mobile Network will cover 80% of the U.S. population, an additional 30 million more Americans than EchoStar's 2023 obligation to cover 70% of the population.

I think one can safely assume that the money had been committed or spent to complete the 80 percent goal in the 100 days remaining before year end.

 

[Tvland1]

According to Dish, still at 70% a few months ago.

The DISH 5G Network is Now Available to Over 70 Percent of the U.S. Population

More than 240 million Americans now have access to DISH 5G broadband service; DISH satisfies June 14, 2023 FCC commitments LITTLETON, Colo., June 15, 2023 /PRNewswire/ -- As of June 14, DISH...

about.dish.com

Isn't this 2024???Lol

 

[Bruce]

Isn't this 2024???Lol

I meant to write in no new press releases since then along with a year and a few months ago.

I was on the Life Cycle when posting, should of paid better attention.

 

[MitchDeerfield]

Most of the people here predicting bankruptcy for Dish have no idea about what they're talking about.

Wall Street investors don't pay $26 a share for a company that's soon going bankrupt. It is the highest stock price in over two years.

But the skeptics can still short the stock on Monday and make a fortune if does go under!

 

[Bruce]

Most of the people here predicting bankruptcy for Dish have no idea about what they're talking about.

Wall Street investors don't pay $26 a share for a company that's soon going bankrupt. It is the highest stock price in over two years.

But the skeptics can still short the stock on Monday and make a fortune if does go under!

The latest increase in the stock price is because of the rumor that DirecTV was buying Dish, but now we know that was ********, totally false and started by Dish themselves.

So Monday, as more find out it was just a fake rumor, the stock could start having some losses on Monday.

Once again-

it appears the information for Bloomberg’s weekend scoop came from some at Dish Network, a high-level DirecTV executive told The Desk over the weekend. The executive, who agreed to speak with The Desk on condition of anonymity, said they were “not aware of any conversations with Dish” about a merger, adding they would “definitely be in those meetings” at some point.

The executive said the conversation was “probably casual banter…that someone at Dish decided was newsworthy.” Efforts to reach Dish for comment were not successful.

Rumor mill again swirls around unlikely Dish-DirecTV merger

Officials at Dish Network and DirecTV are downplaying reports of a possible merger of the two satellite television platforms.

thedesk.net