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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable. -- Ignore unavailable to you. Want to Upgrade?

To: CAP who wrote (966)	2/1/1998 8:00:00 PM
From: James Fink	Read Replies (2) \| Respond to of 2063

CVUS has no beneficial interest in CellularVision Technology & Telecommunications, L.P. (CT&T). CT&T is a private company that provides LMDS technology to CVUS for a fee. You are confusing CVNY, which CVUS wholly owns, with CT&T, which CVUS has no interest in. Therefore, shifting the debt from CT&T to CVUS represents a total and complete added burden on CVUS. Either the debt transfer should be voided, or the fee CVUS pays to CT&T should be reduced by the full $2.6 million. Otherwise, Shant has pulled a fast one over us. As for the Fleet loan, the 8-K states that Fleet put this loan on hold back in December. This is a disappointment, because it reflects Fleet's uncertainty over the value of CVUS' license. I would have preferred that Fleet close the loan on schedule back in December because it would have shown Fleet's confidence in the license.