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TerreStar Corporation - 1 dot 6 GHz Spectrum Fraud

43 Comments

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Anonymous
10 years ago

Please restore what is rightfully ours.

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Carlos Martinez
11 years ago

37346 Big Spring Dr. Caliente Ca. 93518. queremos que escuchen y miren todas las pruebas .

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Aiman Al-Khabbaz
11 years ago

We boght in a legitimate company with valuable assets can't believe how did we shareholders where treated like this

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ANA MORAL MARTIN
11 years ago

Ayuda. Honorable Juez Shelly C.Chapman

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David Kost
11 years ago

Concerned TSTRQ investor

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torre pasquale
11 years ago

azionista italiano

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Marc Thys
11 years ago

I fully agree and concur with this petition. M.Thys

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Eva Campbell
11 years ago

Honorable Judge Chapman, I'm joining the common shareholders, to plead your honor to look through all the provided evidence of fraudulent. Let fairness and justice prevail for all, not just for the few rich insiders.

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Eva Campbell
11 years ago

Honorable Judge Chapman, I'm joining the common shareholders, to plead your honor to look through all the provided evidence of fraudulence. Let fairness and justice prevail for all, not just for the few rich insiders.

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Javier Bonilla Bonilla
11 years ago

We need to have back what is rightfully ours

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Jeffrey M. Swarts
11 years ago

Honorable Judge Chapman, I sign this petition in support of the Terrestar common shareholders. Prior management sold the 1.6 GHz spectrum, licensed to Terrestar - to Skyterra - the predecessor corporation of Lightsquared – to create a competitor to Terrestar. The value placed on it in bankruptcy by far exceeds the $262.5 million or $5.00 per share paid to Terrestar, by the controlling shareholder of both companies, Harbinger and affiliates. This occurred with 2-years of the subsequent phased bankruptcy of Terrestar Networks, which owned licenses for the 2.0 GHz spectrum and its parent, Terrestar Corporation, which owned the 1.4 GHz licenses. The 2.0 GHz licenses were unvalued by the debtors in the TSN bankruptcy. Charles Ergen and Echostar subsequently bought the licenses and the Terrestar satellites in a court-sponsored auction held in the Debtors attorneys’ offices. The auction produced one bid. The 1.4 GHz licenses were valued at $177 million throughout the TSC bankruptcy by the TSC debtors. TSC attorney Sarah Shultz disparaged the spectrum’s characteristics, repeatedly during the proceedings. This included the Swarts and Perez hearings for motions to appoint an independent examiner to value both the 1.4 and 2.0 GHz spectrum assets. My valuations, based upon years of experience in the GSAT, Loral, ICO and Terrestar proceedings, were disparaged by Ms. Shultz and Akin Gump attorneys. and Steve Zellin of Blackstone, who testified as to their value at the Confirmation hearing. I examined him under oath during that hearing. His testimony about the technical merits of the spectrum relied upon the analysis of RKF Engineering – a longstanding vendor of Loral. His testimony violated the Daubert standard. Neither RKF nor Mr. Zellin had any stated experience valuing terrestrial spectrum. The court found a value of the 1.4 GHz spectrum from $0.06-$0.09/MHz-POP or $160-$235 million based on Mr. Zellin’s testimony. However, subsequently, John Dooley of Jarvinian, found valu

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Dan Pacaud
11 years ago

Honourable Judge Chapman please help us.We have been silenced by these big players and their tactics.Steve Zelin's testimony giving value to the spectrum's that Terrestar Corporation Ltd. once had stood up in court,with no credentials.He and the lawfirm Akin gump said there is not enough value to payout the commonshareholders and judge Lane excepted this and confirmed the 3rd ammended restructuring plan,wiping out our equity.The lawyers managed to seperate a majority owned subsidiary into its own bankruptcy,Terrestar Networks Inc. In order to seperate a key asset from the parent.These lawyers said under oath that terrestar Networks was indirectly owned by Terrestar Corporation.We have papers to prove otherwise.We have not been represented at all and it feels like we are being run over by these people.Terrestar Corporation Ltd. owned 58% of the 1.6 Ghz spectrum and management thought it would be a good idea to sell it for 10% of its value to start a competitor.We have been scammed out of our 2.0 ghz spectrum and 1.4 ghz spectrum too.Judge Lane wiped out our equity ownership all on lies.Please we have fought in everyway we can for these last long four years.Take care Judge Shelly Chapman.God Bless and Thank you.Sincerely Dan Pacaud.

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Steve Schaffer
11 years ago

We need to have back what is rightfully ours.

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Jim Vincent
11 years ago Featured

This has been a long road and I'm hoping that the court system takes the appropriate action to correct the wrong that has been done to the minority shareholders.

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Brian M. Reyes
11 years ago

I agree with the written petition presented here on December 4th 2014 by the minority common shareholders of TerreStar Corporation.

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James M Binder
11 years ago

Please restore our faith in the US court system as we're believing it is a rigged game.

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Thomas W Binder
11 years ago Featured

Please assist the minority shareholders if Terrestar Corp in returning assets that were stolen.

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Daren Kloes
11 years ago

Please allow us to restore what is rightfully ours.

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George A. Hook
11 years ago Featured

Please restore our hope that the courts are for truth & justice and not for whomever is rich enough and clever enough to obtain what they want. In short, PLEASE restore the integrity of the court system. Thank You

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Shawn O'Brien
11 years ago

share holder for 6 years