Selling the Spectrum Would be a last-ditch Effort for Clearwire to raise money

Clearwire CEO Bill Morrow said at an investor conference in September that Clearwire hoped to secure more money via an investment by a company like T-Mobile or an auction of its unneeded spectrum. Looks like after all; selling the spectrum would be a last-ditch effort to raise money. Clearwire has long argued its vast spectrum holdings help set it apart from rivals like Verizon and AT&T, which are building LTE networks. Clearwire has around 120 MHz of spectrum in the 2.5-2.6 GHz band in most of its markets. Bloomberg reported Clearwire is looking to sell of 40 MHz of spectrum in its markets.
It is a strange world; your parent company gives you the valuable spectrum, you raise more money based on having this spectrum, you ran out of cash and can not raise more money, so you sell the spectrum that brought the money at the first place! What a strange business plan.