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Dish has lost its signal with investors

Dish Networks exhibit at CES 2016 in Las Vegas.
Justin Solomon | CNBC
Dish Networks exhibit at CES 2016 in Las Vegas.

Dish Network may want to deliver a clear signal to investors soon. They have disconnected over the last year, erasing some 40 percent of the satellite-TV company's market value. More bad news is anticipated in the quarterly financial results due to be unveiled on Thursday. Enigmatic boss Charlie Ergen could help by fully explaining his ideas for a storehouse of lucrative airwaves.

Renowned for his card-playing prowess, Ergen's poker face on spectrum is hurting not helping. It could be worth $22 billion, according to analysts at Barclays, which is more than the company's $20 billion market capitalization. Dish's chairman and CEO has said he could sell, lease or develop the spectrum as part of a two-part U.S. government auction set for next month.