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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (53140)	3/15/2000 12:01:00 PM
From: Anthony@Pacific	Read Replies (4) \| Respond to of 122087

STMP<------------------( DORK ALERT!!! )AS RSSF tries with all its might to keep STMP up between 25 and 35... Build a huge short ,, cause this one has less risk than getting AIDS from A pot of boiling water..They will make it look strong but in reality the stock is a turd nugget......in this one ..appearnce will be deceiving but ..as RSSF buys more and more stock from our bountiful supply, they will all of a sudden run for the hills as we ....expose the scam of what is commonly known as "RSSF & STMP "

To: Anthony@Pacific who wrote (53140)	3/15/2000 12:12:00 PM
From: Blue On Black	Respond to of 122087

Diaper nuggets!!!! Would that be similar to His Most Pinkness' T5 with flies rating? lee

To: Anthony@Pacific who wrote (53140)	3/15/2000 4:10:00 PM
From: StockDung	Respond to of 122087

Iridium Unlikely to Receive Last Minute Offer, Investors Say New York, March 15 (Bloomberg) -- Iridium LLC, the operator of the first global satellite-telephone network, isn't likely to receive a last-minute offer for the company's assets and will begin to shutdown operations this week, investors said. The U.S. Bankruptcy Court in Manhattan has set a 5 p.m. New York time deadline for potential suitors to make an offer. A hearing scheduled for today was adjourned until Friday because Judge Cornelius Blackshear is out for personal reasons. Iridium filed for Chapter 11 bankruptcy protection in August after the $7 billion project failed to attract enough customers. Analysts blamed the company's bulky phones that cost as much as $3,000 and didn't work well in buildings and cars. The company was trying to market the service at a time when prices for cellular phones and service dropped dramatically. Bondholders have been granted permission by the court to sue Motorola Inc. for more than $2 billion. They allege that the company extracted more than $1 billion from Iridium after it became insolvent and manipulated it to the company's own benefit. ``I think it's the most egregious fraud that I've seen in 20 years on Wall Street,' said Gary Himber, an Iridium bondholder. ``The attorneys for the creditors committee will be filing a lawsuit against Motorola.' Motorola, the founder and largest shareholder of Iridium with an 18 percent stake, has said it will wait for the result of the bankruptcy-court hearing on how it will proceed. The company plans to turn off the Iridium's 66 satellites and discontinue the service on Friday. Iridium estimated that it would take six to seven months to pull down the satellites. Iridium's 14 percent notes due in 2005 are trading at about 2 cents on the dollar, traders said. The company has said it's common shares are likely worthless. Dropped Plan Iridium won't know if any bids were made on the assets until sometime tomorrow, a spokesman said. The company's lenders agreed on March 6 to provide $3 million in financing to keep the company operating through March 17, while it seeks another suitor after Craig McCaw dropped plans to buy the bankrupt company. The decision to not bid on Iridium's assets came as McCaw was widely expected to combine Iridium and with the two satellite companies he controls. Court documents showed that the founder of the former McCaw Cellular Communications was considering using portions of each company to build a satellite network to offer voice, data and Internet services. Crescent Communications Inc. Chief Executive Gene Curcio had said the long-distance telephone service reseller was preparing a bid for Iridium's assets. General Dynamics Corp. has tentatively agreed to assist in operating Iridium's satellites and ground stations if the bid is successful, he has said. Curcio wasn't immediately available to comment. Competitors Struggle Iridium began service in November 1998, with 3,000 customers. Analysts estimated that it needed 500,000 subscribers to break even. The Washington-based company, which defaulted on $1.55 billion in bank loans, had an estimated 20,000 subscribers as of August. It had expected 600,000 by the end of the year. Competitors have also struggled to attract customers. ICO Global Communications Ltd. filed for bankruptcy protection in August and is being acquired by McCaw. The shares of Globalstar Telecommunications Ltd. have dropped about 62 percent since the start of the year as the company had trouble getting its phones to the market and slower-than-expected subscriber growth. Shares of Iridium World Communications Ltd. rose 12 cents to 1 23/32 on Tuesday, in trading on the ``pink sheets,' a list published daily that gives information on over-the-counter stocks. The stock, which is the publicly traded arm of Iridium, has fallen about 91 percent in the past 12 months. Motorola, based in Schaumburg, Illinois, fell 8 13/16 to 152 3/8 in late trading. Mar/15/2000 15:37 For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.