Re: Bait and Switch?

> Depends on whether MetroFi removes the nodes before it goes bankrupt.
> They wouldn't be the first operation to blow a bunch of money building
> infrastructure, go bankrupt, then have someone else purchase the
> operation for pennies on the dollar and make it work at that price.

My favorite example of this is Iridium [1].
"Iridium communications service was launched on November 1, 1998 and
went into Chapter 11 bankruptcy on August 13, 1999. ... Their service
was restarted in 2001 by the newly founded Iridium Satellite LLC, which
was owned by a group of private investors. Although the satellites and
other assets and technology behind Iridium were estimated to have cost
on the order of US$6 billion, the investors bought the firm for about US
$25 million."

Don
[1] http://en.wikipedia.org/wiki/Iridium_%28satellite%29

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