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IRID - Iridium World Communications IPO
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To: dumbmoney who wrote (2352) 8/15/1999 2:55:00 PM
From: Anthony@Pacific of 2683
TO all those who sold their stock before th halt ...good job to those who were short,,, you as well as I were continuously bought in and we continuously reshorted it... This was a no-brainer and CONGRATS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Tony has apparently made a lot of money for certain Moslem ‘charities’ in the past (he even is on record stating multiple visits a year to Macedonia & KLA operated MTHO, a Balkan al Qeada Humanitarian front) and I'm sure that the representatives of these groups are greatful to Tony and would do him just about any favor he may ask.
He has a lot of other friends who also follow him around who have made a great deal of money from his efforts.His SI mesage board is proof of that.
Let us not forget that Tony wired $6 million BEFORE the 9/11 attacks to Mercy International (Relief Agency), Prince Salman favorite charity that existed to support Al Qaeda ....
The question remains: Was Tony helping Muslim Brothers with a well-thought-out scheme? Compare the GENI stock promotion w/ the IRID stock promotion and Tony's role as nemisis to fellow Arabs Khashoggi (GENI) & the bin Laden Group (IRID)
Seeing his father's ties to Salah and the webs of fronts/charities he set-up to finance Salah's ops, my opinion is that Tony was/is very aware who he was supporting financially.
As an Arab, you'd might think it strange that Tony dealt such harsh blows to other Arabs like Adnan Khashoggi in GenesisIntermedia (GENI), and a fellow Egyptian from Cairo, Ramy El-Batrawi -- and also Sheikh Khaled Abdullah, whose cousin is the powerful Prince Salman, Governor of Riyadh, who also doled out charitable donations to Mercy International (Relief Agency) to Al Qaeda --. Above Tony explains how its done,
"...you as well as I were continuously bought in and we continuously reshorted it."
Dealing a blow in IRID also meant dealing a blow to the bin Ladens. This seems pretty GUTSY. Tony isn't gutsy. He's an informant for crissakes. In my opinion, IRID, like GENI was a stock promotion. Elgindy on the short side, Khashoggi, El-Bawtri (GENI) & the bin Ladens (IRID) "BUYING IN" OVER & OVER AGAIN . All profits sent off to the same place, Blessed Relief, etc., etc.
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Message Boards | Communications : IRID - Iridium World Communications IPO Announced!
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To: Anthony@Pacific who wrote (2320) 8/11/1999 7:14:00 PM
From: Anthony@Pacific of 2683
Pacific Equity Investigations
2611 South Highway 101
Suite 100
Cardiff by the Sea, California
760-635-5900
August 11, 1999
To All Business Editors,
For Immediate Release
SANDIEGO, CALIFORNIA
PACIFIC EQUITY INVESTIGATIONS Initiates coverage on IRIDIUM World Comm,
INC Class A Shares, We rate Iridium Shares an Immediate SELL!
Pacific Equity Investigations lead corporate and equity analyst Anthony
Elgindy initiates coverage on Ticker, ( Nasdaq: IRID )
Pacific Investigation has independently verified and determined That Common
Shareholders of Iridium cannot recover any of their Investment in the Common
Shares Class A of Iridium World Comm.
By Defaulting on Its debt earlier Today, Iridium has Breached all covenants
of its Debt Obligations.
Senior Bond Holders will NOT Likely agree to further concessions and Will
Hold Motorala responsible for all guaranteed payments and obligations.
However these Guarantees will fall woefully short of Keeping Iridium
afloat.
Pacific Equity has Independantly determined that This battle between IRIDIUM
and its senior debt holders will most likely be resolved in Bankruptcy
Court,
barring a last minute Restructuring agreement.
Regardless,, It is critical that holders of the common shares, realize that
regardless of what the outcome is of these "alleged" continuing talks, The
common shares will have almost no value whatsoever. The Common Shares are
last on a long list following all of The Creditors of Iridium.
"We absolutely believe that there is no solution except Bankruptcy, and no
hope for the common shares, The only reason the stock isnt trading at a few
pennies, is simply because The vast majority of the public isnt informed and
Iridium has intentionally Ommited to adress the Common stock. The stock is
worthless and both Motorola and Iridium know it." said Chief analyst and
corporate Investigator, Anthony Elgindy.
In the event of a Bankruptcy, shareholders will infact find their shares at
or
near a zero valuation..
Pacific Investigations is a California based Equity and research company
that
specializes in INDEPENDENT VERIFICATION of Market Valuations.
For additional Info please visit us at:
anthonypacific.com
For Additional Info Contact:
Matt Tyson, Esquire
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Message Boards | Communications : IRID - Iridium World Communications IPO Announced!
Message 10796244
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To: Mama Bear who wrote (2231) 8/3/1999 10:46:00 AM
From: Anthony@Pacific Read Replies (3) of 2683
IRID<---------MASSIVE WARNING TO THOSE HOLDING THE STOCK !!!!!!!!
IRID<---------MASSIVE WARNING TO THOSE HOLDING THE STOCK !!!!!!!!
IRID<---------MASSIVE WARNING TO THOSE HOLDING THE STOCK !!!!!!!!
IRID<---------MASSIVE WARNING TO THOSE HOLDING THE STOCK !!!!!!!!
Any and all restructuring will involve the decimation of the common shareholder...You cannot win by owning the stock..Motorola would have to pay back every creditor and bondholder 100 cents on the dollar and sll off all assets to do it..and if it did that ( sold off all assets and then used the proceeds to pay down the 2.2 Billion in debt..) and then made up all differences with their own guarantees..The stock would be worth zero( 0 ) ..!!!!
The average person is unaware that This stock cannot Survive ..Its a guaranteed failure for the commone without a 100% repayment of all debt and then IRID would still have service debt of 500 Million!!!!!
Any restructuring would destroy common stock value .I have been involved at least 5 restructurings and Im telling you ..NOthing, not even Motorola can save the common share holders..
LTV steal emerged from restructuring the stock surged from 10 cents to 2 dollars.It was the public again who bought it in 1993 and ran it up...
However the Company had alreaduy announced that the stock was being called in at 4 cents a share..
IRID shares will be redeemd maybe for a warrant in a new class but it will be worth maybe 2-20 cents a share at most and that is very generous.
Bondholders are first in line to get repaid and the bond s are less than 80% of their value that means that The people behind it know ..Its doodmed But dont want to scare the public out yet ..so they issue vague and hope t6ainted press..wiothout actually committing themselfves..Folks Im telling you...IRID stock is the worst investment on wall Street Right Now........Go buy lottery tickets ..you have a better chance
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Do bin Ladens benefit financially from attack?
Iridium phones suddenly in high demand for rescue efforts
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By Joseph Farah
© 2001 WorldNetDaily.com
With normal communications methods crippled since the attack on the World Trade Center, a previously under-achieving satellite-based phone system linked with Osama bin Laden's family is, ironically, experiencing a boom in business.
Iridium telephones are suddenly in high demand, particularly in rescue efforts in New York and Washington.
While Iridium is a $5 billion business, the satellite phone system is a technological achievement that has, until now, been regarded as something of a joke in the telecommunications industry due to lack of consumer interest.
Little known, however, is the fact that bin Laden's brother, at least once, served as a director of the U.S. telecommunications company backed by Motorola.
As late as three years ago, Hasan bin Laden served as a director of the Iridium Middle East Corp. subsidiary, reported the New York Daily News. The Saudi bin Laden Group, the family's investment arm, has also reportedly invested in the global phone link firm.
A spokesman for the company denied, at that time, that the bin Laden Group and Hasan bin Laden had any financial or professional connection with Osama bin Laden, who even then was wanted on terrorism charges. The bin Laden family has claimed to have severed all ties with Osama after his role in masterminding the U.S. Embassy bombings in East Africa in 1998.
"Our traffic went up significantly (after last Tuesday) and probably will continue that way until the networks are restored," D. D'Ambrosio, executive vice president for business development at Iridium Satellite LLC in Leesburg, Va., told the Arizona Republic.
The company, which was formed last year to buy the Arizona-developed system out of bankruptcy, maintains one of its three global gateways in Tempe, and it relies on Motorola Inc.'s Scottsdale-based Integrated Information Systems Group to service its government users.
Iridium's ability to bypass cell-phone towers and land-based telephone lines came in handy after terrorists rammed planes into New York's World Trade Center and the Pentagon. Cellular phone service in lower Manhattan failed when the towers that transmit signals came crashing down along with the World Trade Center buildings. Land lines proved useless after authorities shut off utilities to the area. In Washington, cell-phone circuits were simply overloaded with panicked residents' calls.
Iridium works through a system of 66 satellites circling 485 miles above the Earth.
The bin Laden family fortune has been estimated at $5 billion from its vast contracting and construction enterprises. Osama bin Laden's personal fortune is valued at $300 million.
If the bin Laden family is, indeed, still involved in Iridium, a company that was recently reorganized after its unsuccessful debut on the telecommunications scene, it would not be the first time the bin Laden family has materially benefited directly from "black sheep" Osama bin Laden's acts of terrorism.
The bin Laden family also helped rebuild a U.S. Air Force base in Saudi Arabia after the Khobar Towers were destroyed in 1996. Osama bin Laden is the chief suspect in that bombing.
Iridium Satellite LLC, a privately held company, is the successor to the bankrupt, delisted Iridium LLC. Iridium Satellite won a two-year contract in December to continue Defense Department service and launched commercial service in April. The company has distributed about 20,000 units so far, according to officials of the company.
worldnetdaily.com
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