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

To: Bernard Levy who wrote (4476)	9/4/1998 11:35:00 AM
From: JP	Respond to of 10852

I was involved in a cable tv limited partnership back in the 70s...my only experience with partnerships...An issue came up regarding the general partner buying out the limited partners...There was no buy out agreement that limited the upside potential for the limited partners...I recall an attorney's comment that it was "neglegence" on the part of the attorney that drafted the partnership not to have included a prearranged buy out price limit. This would have provided the limited partners a nice profit but not unlimited. Has anyone on this thread read the partnership documents to the extent they could comment on this. Is there an upside limit that should be taken into consideration when deciding on G* vs LOR? I doubt that this is an issue but it has been on my mind.