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AT&T buys Fibertower
You may want to know what this has to do with us? Fibertower took bankruptcy in 2012. They reorganized in 2014. Chris Pucillo of Solus was a debtor of Fibertower and guess what else? Terrestar. They sold their small number of spectrum licenses to AT&T today. Aldo, Tom and everyone else, keep up the pressure on the crooks that stole our spectrum!
Terrestar shareholders
Todays headline
Short seller Kerrisdale Capital to target Dish Network with 100 million fund. The main man at Kerrisdale is Sahm Adrangi. He believes Dish spectrum
which is our spectrum is over valued 60 to 80%. I got on the Kerrisdale Capital website under contact us and left him a message on what happened to Terrestar shareholders in relation to Dish. Sahm's company every couple of years believes a company is overvalued and he will short them. I emailed his company and told him about what happened to the Terrestar shareholders and he emailed me back with his personal cell and said he wanted to chat more. I told him more shareholders would contact him. He writes a thesis which hits national news and usually class action lawyers get involved. This is our chance to get the word out. The company is Kerrisdale Capital and click on contact us and lets tell him the Terrestar story. He wrote me back and told me he wants to know what happened.
Thanks
Phillip Depriest
Ray
Thank you for filing the objection. Did anyone notice on the final Liquidating Trustee report, that TSN made a 3 million dollar payment to the unsecured creditors of TSC. My mind started going wild when I saw that. I believe we are unsecured creditors, but there may be others.It got my heart racing for a minute.
Thanks for posting this and thanks to all who have worked so hard on our behalf.
Phillip
I keep forgetting that. So has the final decree been issued in the Terrestar Corporation case?
Can you pm me your number?
I just have 1 question. How can the judge issue a final decree when Aldo has a motion for Reconsideration on the last ruling? The motion for Reconsideration must have been denied. I just never saw it.
Did you see the Terrestar Networks bankruptcy site. They're petitioning Judge Lane to enter the final decree and close the bankruptcy case. These crooks need to be STOPPED!!!
This may be simpler:
The Terrestar 1.6 spectrum is controlled by Lightsquared.
The Terrestar 2.0 spectrum{which has been renamed AWS-4} is controlled by Charlie Ergen of Dish Network.
The Terrestar 1.4 spectrum is controlled by Solus and 2 other hedge funds.
All of the Terrestar spectrum has been stolen by Terrestar insiders and transferred to their own companies.
This is tens of billions of spectrum that has been stolen from Terrestar common shareholders. Also hundred's of millions in other assets including satellites.
This is one of the biggest fraud's in American history.
Most of the Lightsquared spectrum a few years back was owned by Terrestar and it was illegally stolen and transferred into a company called Skyterra which is now named Lightsquared. All we can hope for is justice.
The FCC just approved the transfer of the Lightsquared spectrum licenses to the New Lightsquared owners allowing Lightsquared to exit Bankruptcy by the end of the month.
Have you heard any Terrestar news? I haven't. As time passes, Pucillo and company thinks shareholders will give up. He's wrong. I wonder how long Aldo can drag out the appeals? I miss the phone chats with Aldo.
This guy is named Chris Pucillo of Solus. He and Phil Falcone are the ones that masterminded the TSC fraud. He is also involved with Lightsquared and Fibertower. He goes around bankrupting companies with spectrum so he can gain control of the spectrum. He is a thief and a fraud!!!
I would like to put in the 500.00, but I would like to be involved with the process and would like to be regularly updated on the proceedings. I'm not a law expert, but I have read that usually the FBI,SEC and other govt. agencies can't prosecute Terrestar because they're still in bankruptcy. Bankruptcy keeps everyone from suing them, because bankruptcy protects their company until they exit it.
Yes you're right. These lawyers were scum. But there are 2 things that give me hope.
1. I think judge Lane will rule in our favor. If not, I'm sure the ruling will get appealed and a new judge will look at it and see the fraud.
2. Aldo on one of the phone calls saying he will never give up even if it takes the rest of his life.
Source
My source on this info is TMF Associates Blog and Twitter. The guy's name is Tim Farrar.
Verizon won't give 16 billion. The Verizon ceo said he wants to do mostly a trade. Dish will get wireless service in a trade of use of the spectrum. Neither Terrestar Corp. or Terrestar Networks have emerged from bankruptcy. They're both still in bankruptcy.
Terrestar Spectrum
Chatter on Twitter today says Dish is going to lease or sell all of it's spectrum including our Terrestar spectum to Verizon by Oct.1. This came from Twitter.
Just from what I've read about TSTXX, it's a Blackrock money market mutual fund that was started March 3,1980. And you're saying Terrestar is part of this mutual fund? That's great work!
I am wrong. At first I thought the confimation had been overturned. It wasn't. Scratch the previous message.
I just got this off twitter. It may or may not relate to us. The March 27,2015 Lightsquared bankruptcy court order confirming debtors joint plan is upheld. That's all I know. If I hear anything else I will post. Back in 2010, Lightsquared = Terrestar.
I started digging for info on the FCC website this morning. The New Terrestar front man is Jarvinian with Solus and Highland as shareholders. They bid 262,000,000 in the AWS-3 spectrum auction. The company address is Boston, Mass. They put 57,000,000 down at the end of last year. Almost all of their hedge funds are overseas. They basically said they had no income for the last 3 years, but they're able to buy all of this spectrum.
We need to keep hope here. Judge Lane was a prosecutor going after the bad guys before he became a bankruptcy judge in 2010. Terrestar hired some of the best lawyers and Lane was a new judge that was railroaded. It's easy to lose hope, but if we lose hope, the bad guys win. Let's see what Judge Lane rules.
The Old Terrestar went away after the Terrestar Plan was confirmed in bankruptcy. The debtors reorganized and started the New Terrestar. All common shares were wiped out and the preferred shareholders took control and started New Terrestar. It's not a public company it's a private company. The most recent activity of the New Terrestar is it bid in the AWS-3 auction at the first of this year. Jarvinian, which has presentations on this website is part of the New Terrestar.
The Old Terrestar went away after the Terrestar Plan was confirmed in bankruptcy. The debtors reorganized and started the New Terrestar. All common shares were wiped out and the preferred shareholders took control and started New Terrestar. It's not a public company it's a private company. The most recent activity of the New Terrestar is it bid in the AWS-3 auction at the first of this year. Jarvinian, which has presentations on this website is part of the New Terrestar.
Here is a list of the people that stole our shares.
1.Phil Falcone www.hc2.com
He's the main one here. He owned Terrestar Corp. and Lightsquared. He mentions neither in the website. He did most of the illegal activity.
2. Charlie Ergen www.dish.com
He owned most of Terrestar Network shares.
3. Chris Pucillo www.soluslp.com
He owned alot of old Terrestar shares, now he owns most of the New Terrestar shares. He recently put our 1.4 spectrum in the Solus Charitable Trust.
4.Jim Dondero www.highlandcapital.com
He owned alot of old Terrestar shares and he now owns the second most New Terrestar shares.
1,3 and 4 are best buds.
2 used to be but but isn't now.
There are so many things Terrestar happening around us today. Virgin Airlines has tapped Viasat to provide internet to their planes. Viasat uses Terrestar satellites that were stolen from us. Also Qualcomm and GOGO an airline ISP are petitioning the FCC to auction off the 1.4 spectrum that was stole from us.On the FCC website under auctions there's our spectrum listed to be auctioned off. Also Solus Alternative Asset Management one of the thieves involved here has a brand new website saying how wonderful they are. This after 5 years of not being able to find much info.
I'm really starting to believe that Aldo got paid off. If that has happened, I'm happy for him because he spent alot of his time and money on this. I would have liked to receive something, but It's hard to beat Big Money.
Are you talking about the same sex marriage ruling or Terrestar?
GONE
The tstrq Yahoo Finance board disappeared. Any thoughts?
I believe the Liquidating Trust files these reports I believe once a Quarter. They have been saying the bankruptcy will end for 3 years now. These reports are filed to delay and delay. I think as long as there are appeals, the bankruptcy won't end. I was reading a few months ago about a company that was in bankruptcy for 10 years! I hope it doesn't happen here.
Correction:
John Dooley works with Globalstar, Terrestar and Fibertower, not Lightsquared.
I received the email last week to give my phone number so I could receive an important call. I received no call.
Last week Globalstar ran tests with the FCC in Washington. Globalstar said there was no interference with TLPS. Bluetooth Sig said there was. So It looks like Globalstar approval might be delayed for further testing.
With Lightsquared, confirmation ends this week. Solus is trying to pay off Ergen to receive a chunk of L2. There is L2 LP and L2 inc. I feel our spectrum is the Inc. The mailers for the Inc. always show Terrestar Corporation. Maybe we'll get something out of this.
John Dooley of Jarvinian works with Lightsquared and the reorganized Terrestar. They also use the same law firm. We'll have to wait and see if we get anything out of L2 Inc.
Here's an update on where our spectrum is:
Solus has the 1.4
Dish and Charlie Ergen has the 2.0
Lightsquared Inc. has the 1.6
All of this together is worth billions.
Last week I received a text from Terrestar Shareholders to give my phone number so they would call me. Did anyone else receive this? and what was it about.
Thanks
Have you seen where Terrestar Corporation spent almost 292 million dollars on spectrum in the AWS-3 spectrum auction that just concluded.
Everyone needs to go online and read the initial bankruptcy documents. The main lawyer for Terrestar is Akin Gump's Ira Dizengoff. He and Doug Brandon
the Terrestar in house lawyer, signed all of the bankruptcy documents. Ira Dizengoff was just named 2014 bankruptcy lawyer of the year. It would really be a great embarrassment on Akin Gump if their lawyer of the year and Doug Brandon were prosecuted for bankruptcy fraud!
Ray and Aldo,
I really enjoyed the phone calls you had. It gave us hope and kept us current on the court case. Ray has our phone numbers. It would be nice if you had another phone call to keep the common shareholders updated.
Thanks,
Phillip Depriest
Great job with the petition. It's now on the Lightsquared bankruptcy docket.
The Hugh's settlement is the last settlement before Terrestar exits Chapter 11. Hugh's is owned by Charlie Ergen.
Please sign the petition and let's fight as hard as we can to let the judges know we've been robbed!