what was it P.T. Barnum said again …?
when we told you about the Amp’d bankruptcy in this post not long ago and broke down the significance of the filing in this one, we thought it was curtains for our hero, a would-be player in the competitive cellular market.
little did we know that Amp’d would be merrily borrowing once more as early as today! and not just from any lender — but from the very creditor that sought to punch Amp’d proverbial lights out.
the Bankruptcy Court in DE determined that Amp’d may make use of some $7.5M in cash from its largest creditor (and service provider) Verizon to help it reorganize. sources say there may be something in it for Verizon too, but don’t quote me on that.
I guess there really is one born every minute.