TerreStar Corporation (fka TSTRQ)

[Spymaster3]

FACT - Common stock is worthless

Now that I got your attention. Forget a story in a foreign paper with bad information. Forget a MOR that only covers part of the story.

A motion was filed today that makes it CRYSTAL CLEAR. Common stock is worthless.

The motion is availible at Terrestarinfo.com and is Docket #622.

http://terrestarinfo.com/pdflib/662_15446.pdf

The motion seeks court approval to pay Secured Debt as soon as cash is received so that interest charges stop on that debt.

It seeks to pay just under $1.3 billion in such debt. It also repeats that the 15% Note creditors claim amounts about $300 million more than the number being sought to be paid.

See Exhibit B for more detail as well.

They you still have unsecured creditors and that is at least $350 million and maybe another $150 million or more. Also you have litigation claims from Sprint and you have preferred stock.

You can look at the old Disclosure Statement and see table that summarize the claims by category. It's really not even a question here. The common stock will be worth zero.

http://www.terrestarinfo.com/pdflib/331_15446.pdf

One last point is this is a high profile story and many big eyes on it. If it was worth what some are thinking, every hedge fund and professional trader on WS would have been buying non-stop since last Thursday and this would be a $2.00 stock right now.

Traders can do whatever they want and risk all they want. But the stock is worth ZERO.

Happy trading to all.