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

To: Elliot W who wrote (1578)	3/18/1998 1:34:00 PM
From: Bernard Levy	Read Replies (2) \| Respond to of 2063

Dear Elliott and the thread: I still have not heard from CVUS. However, in response to all the posts on the CVUS Yahoo thread who seem to suggest that financing is highly unlikely and bankruptcy is the most likely outcome, I would like to make one point clear: if CVUS cannot secure financing for its LMDS operations, none of the current LMDS bidders will, since CVUS owns its license free of debt and has already significant equipment deployed. By opposition, newcomers probably went into debt to get their licences, and have no ongoing operations. If ARTT could get $200M in equipment financing from LU, CVUS should also be able to strike a deal. On the other hand, the terms of the deal may have a dilutive effect on current equity holders. This need not be catastrophic as long as CVUS starts executing its business plan better than it has in the past. On the other hand, I am getting increasingly annoyed at the CVUS-CT&T relationship. When one considers that: a) CT&T gets 7.5% of CVUS's revenue, b) CT&T retained the property of the Bossard's licenses, but yet Bossard received a very large equity share in CVUS. c) The founders have secured the rights to a 60 MHz slice of the A license held by CVUS. d) Shant H. has shifted the Logimetrics service contract from CT&T to CVUS, it is clear that a conflict of interest exists. It can only disappear by either renegotiating items a-d, or by removing all CT&T principals from CVUS's management team and board of directors. In fact, the current relationship creates a great opening for shareholder lawsuits against Shant H. and friends if things were to turn real badly for CVUS. Best regards, Bernard Levy