Monetization of Raj Singh

In June of 2006, a presentation created by a significant TerreStar shareholder highlighted several dates of interest associating publicly available information with a declining stock price from February 1, 2005 to June 27, 2006. The first date is February 9th 2005 when TerreStar monetized Raj Singh’s interest in MSV, in another related party transaction, by exchanging Raj Singh’s interest in MSV for more than 8 million shares of TerreStar. At the time, TerreStar’s stock was trading at $29.20.

(The chart below references TerreStar stock price when the company was known as “Motient”.)

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To read more about Raj Singh and his transaction with Motient, visit Terrestar’s newsroom.

Raj Singh Technorati Tag

Tags: Motient, msv, raj singh, TerreStar

This entry was posted on Sunday, December 7th, 2008 at 3:16 pm and is filed under Motient, TerreStar, TerreStar Key Dates. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.