We the Common Shareholders of Terrestar Corporation, OBJECT to the Debtor's plan of reorganization. We propose an appointed Independent Examiner to provide a proper evaluation of these valuable assets, assets apparently undervalued by the Debtors as there is a precedent of contradictory information, and also for the reason that there is a conflict of interest by hiring a single consultation firm that employs former members of the company in question. Furthermore, a single firm does not provide an accurate evaluation, especially when that consultation firm is not geared towards assessing financial worth in the marketplace. As such, these actions are not in the interest of the Common Shareholder who are every day people that have supported this company through the best of times, and now the worst of times, and who now find that they have been excised from the proceedings under the Debtor's own actions. This spectrum is worth more than is being portrayed, and to that end, a thorough evaluation should be provided as soon as possible. the debtor's have used the common share holders hard earned money and now want to take every dime we have. >>We have been unjustifiably wronged.<< Undervaluation of assets in a BK is illegal.    The valuation of RKF was not independent ! Independent examiner required. NOTE: As reported these NOL'S are in the value of around 200 million dollar's. Which could also be used to distribute through out all shareholders and other parties in interest.

 By signing this petition we hereby OBJECT to the debtor's plan to reorganize and request an appointed Independent examiner, To properly evaluate the assets, And to sell all assets under a chapter 11 asset sale/ or a sale under 363 asset sale.Further more also request that all ("NOL"S") be included. This is in the best interest of all