Comments on: No Soup for Nortel Shareholders http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/ All the News about Nortel Networks Thu, 09 Feb 2012 03:34:00 +0000 hourly 1 By: John http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/comment-page-1/#comment-33319 John Fri, 02 Sep 2011 19:21:00 +0000 http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/#comment-33319 Now that they hold over $8 Billion in cash, is that not sufficient to pay of the debtors and share holders. Now that they hold over $8 Billion in cash, is that not sufficient to pay of the debtors and share holders.

]]> By: felixmk http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/comment-page-1/#comment-31096 felixmk Sat, 12 Dec 2009 21:57:01 +0000 http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/#comment-31096 I am shocked! Shocked that the shareholders will get nothing! I am shocked! Shocked that the shareholders will get nothing!

]]> By: felixmk http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/comment-page-1/#comment-28831 felixmk Sat, 12 Dec 2009 16:57:01 +0000 http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/#comment-28831 I am shocked! Shocked that the shareholders will get nothing! I am shocked! Shocked that the shareholders will get nothing!

]]> By: yes4aapl http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/comment-page-1/#comment-28827 yes4aapl Sat, 12 Dec 2009 07:15:54 +0000 http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/#comment-28827 As a Preferred Shareholder "DEBT" holder I can't tell you how "angry" I am <br>====<br>re<br>Fell free to say that<br>How angry you are? As a Preferred Shareholder “DEBT” holder I can't tell you how “angry” I am
====
re
Fell free to say that
How angry you are?

]]> By: 4XBS http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/comment-page-1/#comment-28821 4XBS Sat, 12 Dec 2009 00:33:09 +0000 http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/#comment-28821 As a Preferred "DEBT" holder I can't tell you how "angry" I am , NO VOTING RIGHTS... OFFERED DEBT AT $25 PER SHARE TO CANCEL OUT OLD DEBT & NO CAPITAL GAIN (unlike common share holders) AND A INTEREST PAYMENT....JUST LIKE BOND HOLDERS , yet they gloat over this "Preferred shareholder s will get F-ALL" , this is DEBT , not equity. In the 21 page prospectus it states clearly that Preferred's rights upon liquidation whether VOLUNTARILY OR INVOLUNTARILY will receive $25 per share. Now I know that dep on how much money is in the pot , but clearly , its bankruptcy , everyone should go in the blender and if its 10 cents or 50cents on the dollar ? preferential treatment for SECURED DEBTORS? .. Its Bullshit and no where in CCAA proceeding does it state who gets what in what order. Nortel could have offered a DEBT for EQUITY swap if they really wanted to survive, they had 2.4B in the bank when they filed for Ch11 This is a heist and is designed to clean out the Employee's and SHARE HOLDERS. $380,000,000,000 was Nortels Market Cap at the height of the tech bubble .. that stock was sold to SOMEONE (though not the smartest investors at 20x book) Now its all reduced to ZERO , and now those middle class people can lick there wounds and go BACK TO WORK ... its by design , don't kid yourself. As a Preferred “DEBT” holder I can't tell you how “angry” I am , NO VOTING RIGHTS… OFFERED DEBT AT $25 PER SHARE TO CANCEL OUT OLD DEBT & NO CAPITAL GAIN (unlike common share holders) AND A INTEREST PAYMENT….JUST LIKE BOND HOLDERS , yet they gloat over this “Preferred shareholder s will get F-ALL” , this is DEBT , not equity. In the 21 page prospectus it states clearly that Preferred's rights upon liquidation whether VOLUNTARILY OR INVOLUNTARILY will receive $25 per share. Now I know that dep on how much money is in the pot , but clearly , its bankruptcy , everyone should go in the blender and if its 10 cents or 50cents on the dollar ? preferential treatment for SECURED DEBTORS? .. Its Bullshit and no where in CCAA proceeding does it state who gets what in what order. Nortel could have offered a DEBT for EQUITY swap if they really wanted to survive, they had 2.4B in the bank when they filed for Ch11 This is a heist and is designed to clean out the Employee's and SHARE HOLDERS. $380,000,000,000 was Nortels Market Cap at the height of the tech bubble .. that stock was sold to SOMEONE (though not the smartest investors at 20x book) Now its all reduced to ZERO , and now those middle class people can lick there wounds and go BACK TO WORK … its by design , don't kid yourself.

]]> By: protosphere http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/comment-page-1/#comment-28800 protosphere Fri, 11 Dec 2009 18:52:30 +0000 http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/#comment-28800 well if you were to say OSC, I would say they act contrary to what they are there to do as a watchdog<br><br>Nortel's "friends" at the SEC (as ex-CFO Currie called them) fined them $100M for one of the largest fraud settlements on record and lowest fine for this gravity. <br><br>OSC fined them absolutely nothing... yet they hit RIM with a precedent fine to look like they were doing something for backdating options as Apple was doing this for a decade... <br><br>Hard to say who influences these watchdogs that are there to protect shareholders interests like board members. Once then, Manley defends Dunn so this is all quackery at its finest... who knows what the hell they really do. well if you were to say OSC, I would say they act contrary to what they are there to do as a watchdog

Nortel's “friends” at the SEC (as ex-CFO Currie called them) fined them $100M for one of the largest fraud settlements on record and lowest fine for this gravity.

OSC fined them absolutely nothing… yet they hit RIM with a precedent fine to look like they were doing something for backdating options as Apple was doing this for a decade…

Hard to say who influences these watchdogs that are there to protect shareholders interests like board members. Once then, Manley defends Dunn so this is all quackery at its finest… who knows what the hell they really do.

]]> By: protosphere http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/comment-page-1/#comment-28799 protosphere Fri, 11 Dec 2009 18:45:42 +0000 http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/#comment-28799 There were restrictions set forth earlier by the company so no one could buy controlling interest because shares were so cheap... There were restrictions set forth earlier by the company so no one could buy controlling interest because shares were so cheap…

]]> By: protosphere http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/comment-page-1/#comment-28798 protosphere Fri, 11 Dec 2009 18:35:27 +0000 http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/#comment-28798 Its a formality to work around loopholes to their benefit. Theatrics so they can sell off their company before some one else does. Its a formality to work around loopholes to their benefit. Theatrics so they can sell off their company before some one else does.

]]> By: protosphere http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/comment-page-1/#comment-28797 protosphere Fri, 11 Dec 2009 18:33:05 +0000 http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/#comment-28797 a small fraction of a penny (.0025 cents) pre-split <br>relative to a $80 high... may as well already be zero for shareholders..even if they didn't cancel their shares there would be nothing left... overkill to zero, nadda, squat... won't even buy a coffee let alone soup<br><br>reverse split was to draw institutions they said...among so may revisions, triple profits, bonus fraud, extending repair, etc...is it any wonder... with this level of mass orchestration and support it should be the largest fraud on earth, not the 3rd largest, and certainly the largest in fraud haven Canada, a sanctuary for big business barons and tyranny with a lax overpaid OSC<br><br>... a joke, a riot, to be seen to be believed... as many suffer indefinitely in its wake and they conveniently disappear as conveniently as the past board timely resigned after plea bargain and the new board's CEO tanked ultimatum settement /promoted pals... Canadian stocks to support our economy anyone? Nortel was a blue chip once wasn't it? Pales Enron with hardly any consequences than greater damages as those robbed can do as much as their employees and pensioners. a small fraction of a penny (.0025 cents) pre-split
relative to a $80 high… may as well already be zero for shareholders..even if they didn't cancel their shares there would be nothing left… overkill to zero, nadda, squat… won't even buy a coffee let alone soup

reverse split was to draw institutions they said…among so may revisions, triple profits, bonus fraud, extending repair, etc…is it any wonder… with this level of mass orchestration and support it should be the largest fraud on earth, not the 3rd largest, and certainly the largest in fraud haven Canada, a sanctuary for big business barons and tyranny with a lax overpaid OSC

… a joke, a riot, to be seen to be believed… as many suffer indefinitely in its wake and they conveniently disappear as conveniently as the past board timely resigned after plea bargain and the new board's CEO tanked ultimatum settement /promoted pals… Canadian stocks to support our economy anyone? Nortel was a blue chip once wasn't it? Pales Enron with hardly any consequences than greater damages as those robbed can do as much as their employees and pensioners.

]]> By: Tex_Dude http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/comment-page-1/#comment-28796 Tex_Dude Fri, 11 Dec 2009 17:12:46 +0000 http://www.allaboutnortel.com/2009/12/09/no-soup-for-nortel-shareholders/#comment-28796 Why are we not in Chapter 7? Why are we not in Chapter 7?

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