Author Topic: LBRDA - Liberty Broadband  (Read 89957 times)

merkhet

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Re: LBRDA - Liberty Broadband
« Reply #10 on: November 14, 2014, 05:28:19 PM »
$700 million of Charter & another $600 million in Liberty Media, which spit out Liberty Broadband after the quarter ended.


jay21

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Re: LBRDA - Liberty Broadband
« Reply #11 on: November 14, 2014, 05:32:53 PM »
I think its all Ted who manages ~9b. So, yeah. Big. Time to increase for me most likely.
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sethatk

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Re: LBRDA - Liberty Broadband
« Reply #12 on: November 19, 2014, 04:32:07 AM »
Anyone out there swapped out of the LBRDK shares into the LBRDA shares?

Liberty

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Re: LBRDA - Liberty Broadband
« Reply #13 on: November 19, 2014, 06:48:40 AM »
Anyone out there swapped out of the LBRDK shares into the LBRDA shares?

Kind of. I had swapped all my LMCK for LMCA earlier when they were almost the same price, so I only got LBRDA when the spin-off took place.
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gfp

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Re: LBRDA - Liberty Broadband
« Reply #14 on: December 04, 2014, 06:01:16 AM »

JAllen

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Re: LBRDA - Liberty Broadband
« Reply #15 on: December 04, 2014, 06:53:21 AM »
Did anyone notice that they can cancel the rights offering for any reason at any time and you won't be reimbursed the price you pay for the rights?  I find that pretty interesting.


From the prospectus:
Q: If I purchase subscription rights in the market and you terminate the rights offering, will I be reimbursed the price I paid to purchase my rights?

A:No. If you purchase Series C Rights in the market and we terminate the rights offering at any time, you will incur the loss of the entire price you paid to acquire your Series C Rights.

From this morning's PR:
Further, the board of directors of Liberty Broadband reserves the right to not complete the rights offering at any time, including following the completion of the distribution of the Series C Rights, and for any reason

[sorry about that formatting!]

http://www.sec.gov/Archives/edgar/data/1611983/000104746914009630/a2222390zs-1a.htm
« Last Edit: December 04, 2014, 07:07:49 AM by JAllen »

giofranchi

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Re: LBRDA - Liberty Broadband
« Reply #16 on: December 04, 2014, 06:59:21 AM »
Did anyone notice that they can cancel the rights offering for any reason at any time and you won't be reimbursed the price you pay for the rights?  I find that pretty interesting.

How could it be any different? If they terminate the rights offering, no new shares will be issued, and therefore they will receive no funds.

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Liberty

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Re: LBRDA - Liberty Broadband
« Reply #17 on: December 04, 2014, 07:01:27 AM »
Did anyone notice that they can cancel the rights offering for any reason at any time and you won't be reimbursed the price you pay for the rights?  I find that pretty interesting.


From the prospectus:
Q:[/font]If I purchase subscription rights in the market and you terminate the rights offering, will I be reimbursed the price I paid to purchase my rights?

[/font]A:[/font]No. If you purchase Series C Rights in the market and we terminate the rights offering at any time, you will incur the loss of the entire price you paid to acquire your Series C Rights. [/font]

[/size]From this morning's PR: [/color]
[/size]Further, the board of directors of Liberty Broadband reserves the right to not complete the rights offering at any time, including following the completion of the distribution of the Series C Rights, and for any reason.[/color]



http://www.sec.gov/Archives/edgar/data/1611983/000104746914009630/a2222390zs-1a.htm

I believe they are referring to people who buy rights in the secondary market, not those who receive rights because of Liberty Broadband shares that they own. The money lost would be the money paid to someone else in the secondary market, not the money paid to the company to exercise the rights.

Off-topic: Do you use a weird browser plugin that tries to convert HTML to BBcode when you cut & paste, JAllen? Your messages are often formatted weirdly with lots of superfluous code. No big deal, but it's making me curious.
« Last Edit: December 04, 2014, 07:07:52 AM by Liberty »
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JAllen

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Re: LBRDA - Liberty Broadband
« Reply #18 on: December 04, 2014, 07:09:10 AM »
I had just copied and pasted that straight from the SEC filing - no browser plugin or anything.  Obviously I didn't preview it beforehand, sorry about that.  I fixed the original.


But anyways, I realize it's only for those who purchase the rights in the market.


And to Gio: good point!  I still think it's a bit daunting to potential purchasers, and yes, I don't see a way you could easily undo the open market purchase of the rights.
« Last Edit: December 04, 2014, 07:13:45 AM by JAllen »

JAllen

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Re: LBRDA - Liberty Broadband
« Reply #19 on: December 04, 2014, 07:15:31 AM »
What's the matter?  You can't read that? :)