The stock was off 10% at mid-day, trading at around $15.
CEO Hamid Akhavan said constructive discussions were ongoing with debt-holders.
As it continues to push toward wireless, the company is seeing video losses accelerate.
EchoStarPhoto Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images
Dishs satellite business is in free fall, Moffett wrote.
Neither part of that story is working.
Wed love to raise the money, and as soon as possible, he said.
But we have the latitude to wait to have basically the day before if we had to.
