NML Capital targets Argentina's contract for satellite launches with private US company

Wednesday, March 26th 2014 - 05:54 UTC

Full article 24 comments

An Argentine bondholder seeking to collect on hundreds of millions of dollars in judgments stemming from the country's historic 2002 default filed a lawsuit on Tuesday aiming to take control of the country's rights under a contract for satellite launches with a private US firm. Read full article

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Vulcanbomber
NML will never give up, Argentina will have to pay sometime.

Makes me laugh, they will buy fighter jets, plan to launch satelites, but they wont pay their debts

Im my book, its time to cut the credit card up, remove all the furniture and cut off the electric
Mar 26th, 2014 - 07:14 am - Link - Report abuse 0
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toxictaxitrader2
And all these legal fees will land at Argentina,s door when the final judgement comes .
Take aim at foot,FIRE!!!
Argentina the Barristers best friend.
Mar 26th, 2014 - 09:23 am - Link - Report abuse 0
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Vestige
lolsuit on Tuesday

..... records will be found showing all interests were sold to the private firm conaB that same Monday.

vultures dont live very long lives.
Mar 26th, 2014 - 10:32 am - Link - Report abuse 0
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Rufus
@3 Vestige

Actually vultures do live quite a long life, certainly comparable with other birds of their size and preferred diet.

In fact the Andean Condor (Vultur gryphus) is acknowledged as the longest living bird species.
Mar 26th, 2014 - 11:01 am - Link - Report abuse 0
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ChrisR
@ 3 No Vestige of a brain

And your point is what, because I cannot see one.

If the stupid cunts running The Dark Country (TDC) think that is likely to change a thing they are mistaken, especially if a notice of intent was provided to the court as is usual and probably why TDC heard of it.

It was in the least “an action designed to pervert the court’s powers”. US Courts REALLY don’t like that.
Mar 26th, 2014 - 11:45 am - Link - Report abuse 0
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yankeeboy
I doubt NML wants these slots, I think their intention is to keep poking Argentina and letting them see that their actions will be thwarted at every turn worldwide.
I think its funny.
Anyway this will all be resolved one way of the other in a few months.
Mar 26th, 2014 - 11:54 am - Link - Report abuse 0
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Condorito
@ 4 Rufus
Indeed we are.
Mar 26th, 2014 - 12:51 pm - Link - Report abuse 0
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Vestige
4 - nnnyeah Im not sure these vultures will live quite long enough to see anything hatch.
Maybe their offspring....or maybe not.
Singer himself (70) unlikely to see a dime in this earthly realm.

5 - Point being conaB, owners of the slot since Monday, will be in private individuals names from BA to Tokyo. Not a target of 'NotMuchLuck'.

and lets see if they can get a result before launch. They got about a year . Musks company might just take issue too. You know ... third party interests slowing things way down and all that.

May have to find buyer for those slots/perishable assets too or else you're seizing...well ... emptiness, a slot time thats since past ... or maybe nml have a satellite handy to launch, Im sure buyers will abound in that market of ...quick easy straightforward contracts... and wont at all leverage nml down to a miniscule price for their quickly perishing good, they wont at all feel that it might just not be worth complicating their entire expensive, time crucial project on a legally messy asset at the final crucial stage... stakeholders and the board will all be cool with this, and the decision will be quickly passed within the year.
And SpaceX will be totally cool with the whole deal too .. so they lose one/two potential customer slots in the queue and some face. Whats a few million and some reputation.
I can hear it now 'mmm yeah we cant actually make a launch on that date due to your satellite being of a minutely different size/shape' so no that slot cant be sold to you, especially under famously quick contract law'.

annnd as a cherry on top the case is in Musks/SpaceX's home town.

6 - this poking....which will be a fail.... will be quite expensive to good ol nml. Which has thus far achieved.... eh,

But at least conae will now ensure any solid assets going north will be as beyond reach as the rocket which launches them. Thanks for the heads up.
Mar 26th, 2014 - 12:57 pm - Link - Report abuse 0
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yankeeboy
By “eh” do you mean constantly embarrassing and harassing Argentina on the world stage?
Showing them to be thugs and scofflaws.
Then you are correct.

Singer is brilliant
CFK and minions not so much

Argentina will lose, they will pay, debt plus interest, penalties and most likely all of NML's legal fees.
Thank you Argentina for buying lots of attorneys beach houses and mercedes over the last 10 yrs.
Mar 26th, 2014 - 01:19 pm - Link - Report abuse 0
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Briton
Changing the subject slightly,
This missing plane, they mentioned USA, Russian, china, French, Korean, satellites,

Don’t we have any up their,
Or are we still playing this, need to know basis..
mmmmmmmm
Mar 26th, 2014 - 01:59 pm - Link - Report abuse 0
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Chicureo
Briton
The UK has no space based ISR assets. The MOD does operate satellites known as SKYNET, which is a military communication system no for of reconnaissance capability. They do get cooperation from their cousins with Blackbird intel.
Mar 26th, 2014 - 02:16 pm - Link - Report abuse 0
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Condorito
@ Briton / Chicureo
A UK satellite company was the one that initially announced the plane had carried on for 7 hours after radar contact was lost. Their data was key in location the crash site:

http://www.theguardian.com/world/2014/mar/24/flight-mh370-inmarsat-aaib-analysis
Mar 26th, 2014 - 02:35 pm - Link - Report abuse 0
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LEPRecon
@11 Chicureo

Isn't SKYNET the system that takes over the world in the Terminator movies?

Hmm, we could all be in trouble.
Mar 26th, 2014 - 04:20 pm - Link - Report abuse 0
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Think
TWIMC

The “Vultures” have tried this trick before.........… and failed….:
”The U.S. Justice Department, in a response filed May 3 with the U.S. District Court in Los Angeles, argued that an injunction would disrupt the Aquarius/SAC-D mission and cost NASA money.
“Filing just weeks before the launch, and after the space agencies of the United States, Argentina, France, Italy and Canada have collectively invested hundreds of millions of dollars and years of human capital, [the] Plaintiff baldly states that enjoining the launch ‘will have no effect on the satellite mission other than to impose a lien on Argentina’s interest in it.’ That is wrong,” the U.S. Justice Department said in its filing.”
http://www.spacenews.com/article/investment-firm-sues-halt-nasa-satellite-launch

By the way……................... Isn’t that the Argie Tango1 Presidential plane I see in the background of the picture of our President visiting Paris and Rome last week?
http://www.spacenews.com/article/investment-firm-sues-halt-nasa-satellite-launch
Mar 26th, 2014 - 06:41 pm - Link - Report abuse 0
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Briton
We need to put things into space I think,
if not, even the argies will overtake us..lol
Mar 26th, 2014 - 07:35 pm - Link - Report abuse 0
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Think
I just found out that that's me wawing at our satelite from down there ;-)))
http://photojournal.jpl.nasa.gov/jpeg/PIA13971.jpg
Mar 26th, 2014 - 07:47 pm - Link - Report abuse 0
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yankeeboy
Who knows but by this time next year and another devaluation behind us they could be over taken by Chile!

Argentina's decline is not the only change to the Latin American ranking: with shortages, a weakened currency and serious political problems, oil-rich Venezuela is handing over fifth position to stable, growing and highly privatized Chile. The top rankings then are Brazil, Mexico, Colombia, Argentina, Chile and Venezuela.

But even this new list does not appear permanent. Brazil and Mexico are set in largest and second largest economies, but London-based financial firm Capital Economics predicts a revision of the rest in the upcoming months.

“With both Argentina and Venezuela on the cusp of a balance of payments crisis, we expect them to slide further down the pecking order,” forecasts emerging markets economist David Rees. “That could eventually see Chile overtake Argentina to become the region’s fourth-largest economy and Venezuela slip behind Peru.”

http://www.ibtimes.com/colombia-surpasses-argentina-latin-americas-third-largest-economy-due-inflation-currency-changes-gdp
Mar 26th, 2014 - 08:11 pm - Link - Report abuse 0
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Pete Bog
@15
Yes-they have an unmanned' Pampers' pointed toward space .

It's more likely to get into orbit than past our Eurofighters........
Mar 26th, 2014 - 08:19 pm - Link - Report abuse 0
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Chicureo
Briton
Actually, some very bright engineers at Inmarsat, using trigonometry, calculated the flight path of the 777.
The UK has access to a whole constellation of communications sats... High resolution as well...There are a lot of alternatives... For example:
If you want to listen to your neighbor's cellular conversations, you can via Thuraya or some other dodgy satellite company. If you want a good look at the blonde sunbathing in your neighbors back yard, you'll need access to a private company services such as SIC. However, if you want to see in real time that blonde via high resolution thermal imaging, making love to the pool boy and monitor the PH of the pool water, you'll need the assistance of an owner of a NROL-65 sat.
Friends of the NRO are given generous access to images when it is to the advantage of the sponsoring government... The UK has to live off the kindness of strangers...
A small insignificant Latin country is rumored to use 4 Hasselblads with 80 megapixel backs that are mounted under the wing of a F16 flying over 50k altitude and curious images are confirmed via an aging KH sat of a friendly ally.
THINK, is that you sunbathing in Bermuda shorts and reading Das Kapital?
Mar 26th, 2014 - 08:58 pm - Link - Report abuse 0
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Think
(19) Chicureo

Nope.......... That must be my Californican neighbor…
I’m the one wearing 501’s and reading Ursache und Wirkung - Intuitives Erfassen...
Mar 26th, 2014 - 09:25 pm - Link - Report abuse 0
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Chicureo
Ludwig Wittgenstein is beyond my pay grade. Remember the Russian Cosmonauts using a pencil...? We had quite a bit of technology exchange with Cuba in early 1973, including collecting intel. The Hasselblad is the grandchild of that exchange. The best however, is the Russian method: recruit the blond as an asset and buy the pool boy. That way, you don't need the sat...
Mar 26th, 2014 - 09:36 pm - Link - Report abuse 0
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Think
(21) Chicureo
Over mine too........ but I'm trying...
Pencils do their job wonderfully...
So do Hasselblads...
And blondes...
Mar 26th, 2014 - 09:56 pm - Link - Report abuse 0
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Chicureo
English Haku poems:

Pencils do their job wonderfully...
So do Hasselblads...
And blondes...

an aging KH sat reorienting its orbit...
its image unsteady...
into the flowing intel...
Mar 27th, 2014 - 02:21 am - Link - Report abuse 0
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Briton
19 Chicureo
Thanks for that,

The government give the impression that we [Britain] will be at the forefront of space with millions invested,

Surely then we would have more to see,
But perhaps in time we will grow,

.
Mar 27th, 2014 - 01:59 pm - Link - Report abuse 0
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