http://www.youtube.com/watch?v=Pu1Ps0LYmM4&feat…

Its all there – the Puffnstuff start, the restatements causing the bazaar tent to hyperventilate, the lights-out edict, the campus awash in seas of brine, the shovels digging the hole for NT.

Fraud rally had it trading at a bogus 47X P/E in 2004. ROB TV at the time warned every day too, skeptical, they were so right.

Nortel let the markets and the paper they printed pay for this fraud fallout. They even kept the fraud bonuses due to rigged kangaroo AGM should vote have soured. Then they tanked the settlements share with further revisions after a settlement they refused to negotiate pay practices..

$550M cash portion of settlement, covered in first bout of printing paper for $2M in bonds, as well as paying off other creditors. Then printed another $2B in dilutive Notes. That's a whopping $4B in Nortel paper. To live another year or two holding hostages in ultimatum settlement.

It will be a great company again, in 3 to 5 years, $20 buying opportunity, etc., All BS. I tripped over my feet to dump the much delayed distribution of fraud settlement shares settled at $30 to share $8.77 before delisted at 18 cents on TSX. Defrauded should have got over 3 times more in finally distributed shares, to have made it a “fair settlement” as Nortel claimed. What fair? From around 30% of amount stolen / defrauded to around 15%. They even cut severances and paid bonuses into the close while ironiclly trading options again. No wonder they are gone the shameless tyrants.

Slippery weasels, even with their contacts, gov't. said no and no more duping creditors or shareholders with nothing to dilute or print anymore. Even extended for years repair of numbers remained bad. No credibility, green team promoting pals, perfect storm for catastrophe.

So many lost in the bubble it almost overlooked the fraud in lies for bonuses. One tanking was market conditions, the other was lying about it for their proverbial bonuses to this day.

Now they want to sell tanking business units with no credibility, with what numbers, and to who with government EDC wekfare sweeting the deals as the tyrants escape unscathed or timely resigned and plea bargained.

Largest fraud in Canada. Largest fraud in the world I say with this level of mass orchestration and so many still there. Yes, I call largest fraud on earth.

Enron. Bre-X, Worldcom, Tyco, Cendant, Warner Bros., etc., have a larger profile than this pathological liar on steroids that once accounted for 1/3rd of the TSX, a whopping $300B, market cap (enough to buy many small towns), to entice onfoing greed amid their ambiguities and hype to contradictions.

Thankfully gone… fraud trials coming right up too.

Who knows how their buyer's gambles will fair amid growing competition and lower margins when Nortanic couldn't even cut costs to liquidating the farm the day after forced government inquiry. Are they being duped too with their credibility if history is of any lesson?

People will suffer lifetimes for this soon to be distant memory and so little done about it by the political, social, regulating, and economic powers entrenched throughout our entire system like cancer and open season on the non-elite and little guys on a massive scale to thwart ant home invasion.

http://www.youtube.com/watch?v=Pu1Ps0LYmM4&feat…

Fraud rally had it trading at a bogus 47X P/E in 2004. ROB TV at the time warned every day too, skeptical, they were so right.

Nortel let the markets and the paper they printed pay for this fraud fallout. They even kept the fraud bonuses due to rigged kangaroo AGM should vote have soured. Then they tanked the settlements share with further revisions after a settlement they refused to negotiate pay practices..

$550M cash portion of settlement, covered in first bout of printing paper for $2M in bonds, as well as paying off other creditors. Then printed another $2B in dilutive Notes. That's a whopping $4B in Nortel paper. To live another year or two holding hostages in ultimatum settlement.

It will be a great company again, in 3 to 5 years, $20 buying opportunity, etc., All BS. I tripped over my feet to dump the much delayed distribution of fraud settlement shares settled at $30 to share $8.77 before delisted at 18 cents on TSX. Defrauded should have got over 3 times more in finally distributed shares, to have made it a “fair settlement” as Nortel claimed. What fair? From around 30% of amount stolen / defrauded to around 15%. They even cut severances and paid bonuses into the close while ironiclly trading options again. No wonder they are gone the shameless tyrants.

Slippery weasels, even with their contacts, gov't. said no and no more duping creditors or shareholders with nothing to dilute or print anymore. Even extended for years repair of numbers remained bad. No credibility, green team promoting pals, perfect storm for catastrophe.

So many lost in the bubble it almost overlooked the fraud in lies for bonuses. One tanking was market conditions, the other was lying about it for their proverbial bonuses to this day.

Now they want to sell tanking business units with no credibility, with what numbers, and to who with government EDC wekfare sweeting the deals as the tyrants escape unscathed or timely resigned and plea bargained.

Largest fraud in Canada. Largest fraud in the world I say with this level of mass orchestration and so many still there. Yes, I call largest fraud on earth.

Enron. Bre-X, Worldcom, Tyco, Cendant, Warner Bros., etc., have a larger profile than this pathological liar on steroids that once accounted for 1/3rd of the TSX, a whopping $300B, market cap (enough to buy many small towns), to entice onfoing greed amid their ambiguities and hype to contradictions.

Thankfully gone… fraud trials coming right up too.

Who knows how their buyer's gambles will fair amid growing competition and lower margins when Nortanic couldn't even cut costs to liquidating the farm the day after forced government inquiry. Are they being duped too with their credibility if history is of any lesson?

People will suffer lifetimes for this soon to be distant memory and so little done about it by the political, social, regulating, and economic powers entrenched throughout our entire system like cancer and open season on the non-elite and little guys on a massive scale to thwart ant home invasion.

http://www.marketwatch.com/story/citigroup-buy-…

Buy Nortel on weakness related to CFO resignation

Feb. 6, 2007, 11:13 a.m. EST

NEW YORK (MarketWatch) — Shares of Nortel Networks /quotes/comstock/11i!nrtlq (NRTLQ 0.06, +0.01, +11.54%) fell more than 3% after the telecommunications equipment maker announced the resignation of its chief financial officer Peter Currie, but Citigroup analyst Michael Genovese said the resignation was not a surprise so recommended investors buy shares on the weakness. “We are not surprised since, like former chief executive officer Bill Owens, [Currie] specifically joined the company two years ago to restore financial controls and credibility, and this task has largely been accomplished,” Genovese said in a research note.

http://blogs.barrons.com/techtraderdaily/2007/0…

June 21, 2007, 2:14 PM ET

Now comes Citigroup’s Michael Genovese with his favorite picks — Nortel (NT), ECI Telecom (ECIL), Sonus Networks (SONS) and Ciena — and pans — Cisco, Sycamore Networks (SCMR).

http://www.hedgefund-index.com/newsmarch28.asp

Citigroup Inc. analyst Michael Genovese is blaming “convertible arbitrage” for the slide in Nortel Networks Corp.'s stock price late last week when the …

Convertible Arbitrage:
This strategy primarily involves taking long positions in convertible bonds or warrants, hedged with a short position

Big time. No government bailout and even their own board thumbs downed a plan full of contingencies after so much hype to disappointment.

After traditionally diluting a whopping 100M shares a year at a much higher share value before their 10X reverse split and voting to keep fraud bonuses, they printed billions in paper to pay the fraud fallout while rewarding financial innovation. It was all about finance and bonuses than profitable sales and innovation, they even bought losing revenues like BSNL and PEC.

Even the green CEO who promoted than fired his inexperienced friend, refused to negotiate exoribant pay practices in a settlement that tanked with further revisions.

Ongoing bonuses even after bankruptcy, to ironically trading losing options for cash again while increasing lawsuit insurance before a government forced inquiry. What a riot ir became.

And now for an analysts proven blind to claim Cisco will make a bid? Stop it, my ribs hurt. Michael Genovese, when he was at Citibank, was asking why other analysts didn't see Nortel as a screaming buy like he did at $25/share!

http://nortel.wordpress.com/category/uncategori…
There is an attractive restructuring and valuation story,” he wrote in a 23-page report. “Nortel plans to reduce about $1.5 billion in costs by the end of 2008. We expect EPS to turn positive in 2007 and grow about 140% in 2008 to $1.75, and with consensus at $1.52, we do not think the Street is giving Nortel the proper credit for the restructure. Nortel has a strong new management team in place and is increasingly focused on a few areas of potential growth including carrier VoIP/IMS, Optical, Ethernet, EV-DO, WiMax, and Enterprise voice and data.”

“We believe Nortel’s restructuring is underappreciated by the Street and consensus estimates are too low,” he said. “As [gross margins] and earnings improve, we expect the valuation to move towards our target of 20 times 2008 EPS, or $35 per share. We expect revenue growth rate acceleration and continued margin expansion beyond 2008.”