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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Vayda who wrote (10718)	8/23/2004 10:11:19 AM
From: Selectric II	Respond to of 10852

Did B.S. also own stock in the Essex Hotel and General Mills at the time?

To: Jeff Vayda who wrote (10718)	9/29/2004 2:58:51 PM
From: Jeff Vayda	Read Replies (2) \| Respond to of 10852

Long time since the heady days. I am still active in trying to stop BLS. Care to join us? Hope all is well otherwise. Jeff Vayda This is text from a recent email for the "Committee". I have removed the names, just incase they dont want them published in this forum. If you are interested, reply. Sent: Wednesday, September 29, 2004 9:07 AM Subject: Re: Email to Committee-Revised Fellow shareholders and members of The Loral Stockholders Protective Committee, <edit removed names>, have been spokespersons for this committee. I first went to Court for this committee over a year ago, on September 19, 2003. Subsequently I have been to court 6 times, traveling from Washington to New York, to argue for the shareholders. We now find ourselves at an inflection point. To successfully oppose confirmation, our best option is to put forth our own plan. We also must show the Court that that the current insiders have not acted in our interests based on Court evidence, not simply allegations of misconduct. Allegations alone won't work. Therefore, we must have adequate funds to depose all of them in New York, including Bernie Schwartz, his board, and his business cronies. We also believe that our Examiner Appeal has a high probability of success, but there are significant costs associated with the appeals process. Following are the basic minimums we need to do to have a chance. We will need to pay for stenographers in New York for as much as two weeks of depositions. We will need to pay some travel expenses for our attorney, <edit removed names> whom I consider an invaluable resource to our effort. I will continue to serve the Committee for free. Over the past year, I have already spent close to $10,000; on postage, copies, 6 trips to NY, 2 appeals, phone bills, etc. Our success can not be measured by Court decisions, however they know we are here. We've put some cracks in their armor. In my opinion, if we do all of the above, we have a 30% chance to prevail through a settlement or judgement. We will also need an expert to testify to the value of orbital slots. I figure we might get by with $30,000 and still do all of the above. Furthermore, I believe it will cost them over $2M to attempt to repel us. It's no consolation they are using our own money to repel us. We feel strongly that the present market price of Loral is always its future expected value. We are confident that Loral's market price is higher than its debts and will continue to persuade the Court along these lines. It's time to commit! Are you in or out? Some are volunteering significant time. If you have accounting or legal backgrounds and can come to NY, LET US KNOW! We need an average $1,000 apiece from the committee's 33 members. Some of you can't commit to that. Others can commit to more. I have been told the Wall Street Journal will cover us if we oppose the plan. We can't guarantee success but we can guarantee a good fight. We need your financial commitments now. Plan on making them good within 90 days, with a portion due sooner. How about it? I also expect our numbers to swell if we get in the Journal - currently we are at almost 10% of the outstanding shares, which has been noticed by the judge! If you want to fight them we need commitments this week! If anyone wants to call me directly about this, feel free to do so. <edit removed names>