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To: wonk who wrote (1741)	6/14/2000 4:22:00 AM
From: KW Wingman	Respond to of 1782

Quite the opposite. <This was a private company so consequently your statement above is illogical, irrational and non-sensical.> you also wrote ... <But you have to have a public market for a stock in order for it to be profitable and that just did not exist here.> Both of your statements are wrong or as Ah would say, Your statements are illogical, irrational, non-sensical,disjointed and some other BS. <g> Being private has nothing to do with it (zip point squat). Hype helps to sell pre IPO shares to the outside public. I can point out several posts were people said they either lost money in slikroad or they know people that did. Hype in a private company can also be intended to create powerful demand for the stock when the company does do the IPO. Silkroad just did not survive to get to the IPO stage. <Gosh, I don't know what burr has gotten under your saddle, but it must be large.> There is a good clue in one of the links of the post you responded to. I'll leave it at that for now. <SEXI, BREX, RMIL, MTEI, and dozens of other equally infamous threads to recognize true swindling?> Not really, when I suspect this I normally avoid the stock and pay no attention to the thread unless I decide to short the stock. <I have, and well sir, SR ain't one of those.> Maybe it was not one of the types you recognize. I have to doubt that you would recognize all types of scams. That is pretty hard to do. Somewhere on earth, a new scam is invented about as fast as you can read that it has happened. <Even though SR is evidently dead, I am convinced there is something real here with the technology. By definition, innovations similar to that described on this thread are disruptive and highly polarizing.> good point <Having said all this and coming back to the issue of FAC and ahhaha, you have presented not one iota of proof, or even reasonable inference to accuse them of participating in less than honorable discussion. I suggest you go find some.> I am not SEC. I can not subpoena private E-mails, phone records and bank accounts. BTW, there are plenty of corpses on boot hill who were convicted on circumstantial evidence only. <I am philosophically opposed to moderated threads. I believe in free speech. Inflammatory speech should be countered by more speech> I mostly think the same way. <However, your right (to free speech) should be exercised prudently. Can you do it?> Good question <g> On any censorship deal, it really depends on who is the censor doesn't it? Why ask me, my vote doesn't count. This is something like like it is not the vote that counts, it is who count the vote that counts. <If this turns out to have been a scam from the git go, I will be really surprised ... But time will tell, won't it?> I respect your point of view on all matters. Thank you for taking the time to express it. <Perhaps you would care to state an opinion on Iridium: fraud? bad-timing? or mismanagement on a global scale?> IMO, mismanagement on a global scale

To: wonk who wrote (1741)	6/14/2000 11:30:00 AM
From: Ilaine	Respond to of 1782

I have an opinion about Iridium - the company failed, not because of fraud, mismanagement or bad timing, but a flawed business model. There really is a market for satellite telephones, but it's not the market they were going after, just as it's not the market Globalstar is going after. There just are not enough global travellers to pay for another global satellite network (I say another because Inmarsat already exists, and then there's Intelsat, and the Orbcomm constellation, although they don't have global telephone service). Think about it - how often do you telephone someone out of the country? I am 47 years old, own my own law office, and have never called anyone out of the country in my life. Now think how often someone in say, Brazil or Eritrea or even China has a reason to telephone outside the country. Pretty much never, unless they are working in a multinational industry, which probably already has land lines. I think what drove Iridium, like Globalstar, is the assumption that because the satellites were LEOs, they may as well have global service. But you can't get poor people to subsidize such an ambitious project, and the people who live in isolated areas are, by and large, impoverished. Everyone else, pretty much, can use cellular or land lines, and land based microwave is also a potential. Anyway, Iridium isn't dead yet, you know. I follow it pretty closely, and post on the Iridium thread. A company named Castle Harlan has bid for the satellites, and a group called Venture Associates is making a competing bid. The judge may have to recuse himself due to a conflict of interest - all of this will be ruled on within the next month or two. Iridium the corporation is bankrupt, but the satellites are an asset which anyone can buy, if they can afford them. Going rate seems to be about $50 million, plus having the capital to pay someone to manage the constellation. Doesn't even have to be Motorola, I think Castle Harlan has made a deal with Hughes. In the meantime, Motorola is still operating the constellation, I know the US government is a customer.