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

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.
 
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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!
 
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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.


 
I'm of the opinion, they will roll the debt and no bankruptcy.

Rolling the debt is the best alternative for the lenders.

The lenders have locked up their money in a business that spent billions on licenses and equipment that now has 80 percent coverage with roaming rights. Echostar can now push market penetration and get money coming in.
 
I'm of the opinion, they will roll the debt and no bankruptcy.

Rolling the debt is the best alternative for the lenders.

The lenders have locked up their money in a business that spent billions on licenses and equipment that now has 80 percent coverage with roaming rights. Echostar can now push market penetration and get money coming in.
Rolling the debt is the easyish part. Funding the remainder of the rollout is another. Dish still isn't making enough money with Boost or some 5G service.
 
Rolling the debt is the easyish part. Funding the remainder of the rollout is another. Dish still isn't making enough money with Boost or some 5G service.
Correct, no matter what, they will need additional funding-

EchoStar has $2 billion of debt maturing on November 14 and has previously said it does not have the necessary cash on hand to fund Q4 operations or the coming debt maturity.

That statement shows they will be out of Cash by the 4th quarter, which starts in a little more then a week.

 
Correct, no matter what, they will need additional funding-

EchoStar has $2 billion of debt maturing on November 14 and has previously said it does not have the necessary cash on hand to fund Q4 operations or the coming debt maturity.

That statement shows they will be out of Cash by the 4th quarter, which starts in a little more then a week.

That is exactly what I am talking about. They now have to do a 80% build out by the end of this year instead of 75% build out by next June and they still have no money on hand to fund Q 4 operations or to pay the coming $2 billion of debt maturing in November. Where are they going to get the money for these two things? I didn't see any body saying Charlie is coming into some new investments in his company. So how is either of these two things going to happen in 3 months time or less?
 
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I like the first paragraph, about competition. Then they will lose money and one of the big wireless companies will buy it all for pennies on the dollar! And the big will get larger.
More nonsensical hatred of corporations out of you.
 
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I'm tired of the H3 audio cutouts.

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