Editorial #48-Sorenson Files Ex Parte-Discloses Financial Information to FCC

Dr. Z posted an editorial (#47) yesterday indicating Sorenson has yet to disclose its books to the FCC, based on recent ex parte filings. However, it has come to Dr. Z’s attention, by a RSS feed from the FCC website today that Sorenson has filed several documents in an ex parte filing and among these, they are disclosing their financial information to the FCC. (link to ex-parte) The timing of this ex parte filing happened just after Dr. Z put up the other editorial (#47) on this matter and this is intended to clarify things.

Dr. Z reserves judgement as to whether the disclosed information is what the FCC needs to validate their filing on costs to NECA.

One of the more interesting documents in the filing is documentation by Moelis and Company, a restructuring and investment banking firm retained by Sorenson. It indicates, among other things, that if the rate were to stay at $3.89, it does create a situation where Sorenson may need to declare bankruptcy. But it seems to assume that they will continue to distribute the equipment free of charge, which is an option they choose to make even it creates a condition for bankruptcy.

Dr. Z wants to set the record straight immediately so that everyone has access to facts in a timely fashion.

Dr. Z cares about your communication access and how public monies are being spent.

Disclosure: Dr. Z is a contractor working with CSDVRS on several projects.