In late August
2008,
we were invited to begin
discussions regarding commencement of a due diligence inquiry that would
lead to Ex-Im Bank providing guarantee services to us for funding
the SWANsat System. Our letter led to further discussions, and then we
initiated an application procedure to Ex-Im Bank during the first
week of September of that year.
About two months later,
in November 2009, we submitted a Disclosure Statement that
contained more specific information regarding our interest in availing
ourselves of services provided through Ex-Im Bank, especially
utilizing our affiliate company MetaNET Services, Ltd., a
Mauritius GBC-2 corporation, as the responsible borrower. (Formation of
this off-shore corporation was an antecedent requirement set forth by
Ex-Im Bank for consideration of a funding guarantee from Ex-Im Bank.)
In March 2009, we were
informed that our answers to the following three milestone questions will
determine the outcome of Ex-Im Bank’s decision regarding
participation in a funding guarantee. The three milestone questions are:
1.
Is the technology for SWANsat
achievable, given that SWANsat represents the first licensure by any ITU
member nation from geosynchronous orbit of the W-band for use by
telecommunications satellites?
2.
How will the USD$36 billion
required to design, construct, launch, and operate the SWANsat System for
its first two years of operation be repaid to the candidate funding
sources, of which 85% would be provided through funding guarantees issued
by Ex-Im Bank?
3.
What public posture could the
SWANsat project and Ex-Im Bank take to demonstrate that the ratio
of risk-to-reward for the SWANsat project is reasonable, especially given
the congressional oversight responsibilities inherent in Ex-Im Bank
providing a financial guarantee equivalent to about 250% of its entire
2008 allocations budget to a single project?
Here are our
answers to these three milestone questions, along with copies of the
supporting documentation that accompanied the answers:
Question
1:
Letter of 5 March 2009: Is the Technology Achievable?
Supplement:
Handset Construction Capabilities
Question
2:
Letter of 6 March 2009: How Will the Funding be Repaid?
Supplement
1:
Introduction to SWANsat with presentation notes (PDF)
1:
Introduction to SWANsat without notes (PDF)
1:
Introduction to SWANsat (PPTM PowerPoint 2007 file)
1:
Introduction to SWANsat (PPT PowerPoint 2003 file)
Supplement
2:
SWANsat Pro Forma (XLSM)
Supplement
2:
SWANsat Pro Forma (PDF)
Supplement
3:
SWANsat Domestic Account Purchase Option (PDF)
Supplement
4:
SWANsat International Account Purchase Option (PDF)
Supplement
5:
Draft SWANsat Private Placement Memorandum (PDF)
Supplement
6:
List of
Worldwide Telecom Companies #1 (PDF)
Supplement
7:
List of
Worldwide Telecom Companies #2 (PDF)
Supplement
8:
SWANsat Risk Disclosure Statement with Addendum
(PDF)
Supplement
9:
Introduction
to Shareware Telecommunications (PDF)
Question
3:
Letter of 2 March 2009: What Public Posture Should be Adopted?
