Do you gamble ? you like to play the numbers ? you feeling lucky ?
How about "all or nothing" for a little excitement ?

It appears that is exactly what Sorenson has done with investors while threatening the Deaf and interpreters of their livelihood.

Hopes are that the FCC will soften-up their $3.89 rate proposal with consideration on some guilty pleasures of gambling addiction exhibited from earlier this year with $735 million that Sorenson laid "on the table" at the Goldman Sachs Casino.

Numerous vlogs, website and FaceBook postings have exposed the Sorenson "scare-tactic" charade as a cover for their
Vegas fetish for playing roulette with money that ISN'T EVEN THEIRS ! (courtesy of Wall St.)

and so...

In January of this year, Sorenson "hedged their bet" of $735 million to investors with promises of a hefty return in these recessionary times that has become the basis for their "scare-tactic" strategy that is getting more and more infuriating attention from the Deaf and interpreter communities.

Since the FCC announced the interim $3.89 per minute NECA rate for '10-'11. PANIC has settled into the"rosey garden-walk" that Sorenson painted for the Wall St. gambling "3-card monte" participants.
This investment history is summarized very tactfully by debtwire.com. with attention given to this excerpt;

" Furthermore, management said that rates would need to be set above USD 4.90 per minute through the
three-year cycle in order for the company to service its debt and maintain EBITDA just above USD 140m, the sources continued. However, covenant compliance would be under pressure at that level, the sources said. The company currently has USD 80m of cash on hand, with monthly cash flow of USD 10m, they added."

This "covenant compliance" (agreement / promise) is creating havoc and a nightmare for Sorenson in their attempts to somehow
"calm investors with optimism" and secure "their mandated" $5.95 per minute rate for 5 years plan courtesy of the FCC.

On June 3, Sorenson provided over 3 boxes of redacted diversion data to the FCC (source)
to "comply" with the new FCC rules specifically acknowledging through penalty of perjury, that an executive substantiates the submitted "data" as TRUE.

This provided "data" that the public CANNOT VIEW falls short in the transparency of facts on the circumstances of their potential demise on the dastardly $735 million loan plan.
The reason:
The Sorenson accounting firm of PriceWaterhouseCoopers (PWC) covers 2 years of '08 to Dec. '09. Whereas the PWC audit clearly states, "For none of the periods referred to therein, or any other period, did we perform audit tests for the purpose of expressing an opinion on individual balances of accounts or summaries of selected transactions."

As for the $735 million loan to pay investors ? Well...that COMES AFTER December '09 !

Deception grandiose.

Maybe Senator Carl Levin (D-MI) who chaired the Senate Permanent Subcommittee, (source)
who dragged Goldman Sachs "out on the carpet" with the recent series of hearings on Wall Street and the financial crisis, might be interested in this Wall St. / Goldman Sachs development tied to PUBLIC FUNDING...

My understanding from those Senate hearings is BAILOUTS ARE OVER !

My thanks to the MANY Deaf/terp vlogs, websites and FaceBook postings for providing information and researching this critical issue.