I'm a Senator fan my self.
Or the Toronto Maple Leafs
A great Canadian icon gone the way of the doo-doo bird.
the market has moved on from Nortel technology...unless it is in the cloud its going no where IMHO...
patents run out or a new one comes along that is better or adds something and no longer they are worth anything.
There is a R&D depreciation assets but like anything it takes revenue to unlock those assets but unlike depreciation of machinery that is front loaded R&D is rear loaded.
the other thing is that after the huge growth in R&D the assets that supported the R&D plus R&D its self in its depreciated form is worth so little on the market for the ones who are creating revenue hence revenue creators are moving ahead leaps and pounds while others are trapped at there mercy with low depreciated asset value in the market today.
ernie its eddy how are you big fellow?
a very long journey, and road to hoe
Pushing for solvency of the US estate comes at the detriment of the Canadian estate. US solvency can be targeted by using Canada as a dumping ground for global corporate costs and at the same time claiming that the majority of Nortel's global corporate assets reside outside of Canada.
? Meanwhile UK pensioners who have state-provided guarantees for their pensions equivalent to $55K/per annum are pressing, at excessive cost, for additional recoveries from the Canadian Estate while Canadian pensioners have been subjected to significant cutbacks
them hedgers only buy--so they can play with their little hammers--and HAMMER IT down
no activity on here--mostly on yahoo, and RB has cut back on servers--things look bad
now THIS is the second newest posting--- seems to be the MOD
this is the newest post for NRTLQ
since raging bull has gone to 'quiksand' or worse I hub needs to up date the latest post to the quote pages
Nortel was on the move --now has simmered down
on yahoo only odd lot trades by trolls trying to shake down other bigger odd fellows
MYSELF, I have been buying, the USA grey, and OTO and bulletin boards show lots of buying--like 500,000 shares in 1 trade
still long and strong on NRTLQ
0.0075 0.0021 (38.89%) 1,256,904 <<<<<<< huge buy in or short covering
sentiment--hold for bucks
its time for the hedgehog mm's to pick up their marbles and go home
BUYERS are selective--likely hedge institutions covering
NORTEL controlled by Extra-Terrestrials ????
two weeks after the Canadian judge overseeing proceedings north of the border commented on all the sealed papers and wondered aloud, “What is possibly confidential here?”
Lawyers for Nortel U.S. and its leading bondholder creditors didn’t respond to Bankruptcy Beat queries last week about when the public record of the trial would actually be, well, public. (We’ve previously reported on plans for a live broadcast of the trial, which only “authorized users”—lawyers and other advisers—may view.)
The trial to determine the allocation of Nortel's assets began on May 12th and will continue to June 26th.
The positions of the parties are provided in the pre-trial briefs provided below:
CCC Pre-Trial Brief
Monitor and Canadian Debtor Pre-Trial Brief
UKPC Pre-Trial Brief
EMEA Debtors Pre-Trial Brief
US Debtors Pre-Trial Brief
Ad Hoc Group of Bondholders Pre-Trial Brief
Daily summaries are provided below:
Day 4 – May 15, 2014
Day 5 – May 20, 2014
Day 6 – May 21, 2014
Day 7 – May 22, 2014
Following the conclusion of the evidentiary portion of the trial, post-hearing written submissions will be made in writing and two days of closing arguments are expected to be heard by the courts in the fall. We will continue to update our website as information becomes available.
Justice Geoffrey B. Morawetz of the Ontario Superior Court of Justice and Judge Kevin Gross of the U.S. Bankruptcy Court in Wilmington, Delaware, ordered a mediation among all parties to the bankruptcy proceedings of Nortel Networks Corporation while their decisions on motions seeking the allocation of Nortel's assets were put on hold.
GETTING PRICEY not flying off shelf yet
long trial , soon as the envelopes are opened there could be rewards for speculation
this buyout-then trash the co. scenario has been rampant ever since electronic shares were invented !!! am sick of it
that's why owning piles of shares is a way of going broke
eg goog vs aapl
Apple countersued, and Google became involved in the conflict when it purchased Motorola Mobility for $12.5 billion in 2012, partially to acquire thousands of patents it could use to defend its Android mobile-operating system from intellectual property claims from its rival, according to Daisuke Wakabayashi and Rolfe Winkler of the Wall Street Journal.
Read more at http://www.redorbit.com/news/technology/1113148987/apple-google-patent-battle-comes-to-an-end-
lost out on MOANA-LOWLA too--- crooks can smell a money deal a mile away
Yup...golden eggs for sure. This is a company going bankrupt...should of been done long ago. Lots of behind the scenes action going on here. Should be very interesting outcome..I'm in Canada and can't buy or sell..still holding some shares though...but this thing is gonna fly!!
MNGMT at NORTEL made many bad moves selling gold lined patents for silver,
but must have a golden egg...if still trading and fighting in courts this week---watch for news
if not, we all move to ICELAND and pray for steers to
come to our ice
LET US PRAY !!
THE JUDGE is a honorable human being
YES some serious buys, or just lucky swaps
trial is almost over, no more discoveries or maybe some new stuff
$NRTLQ << .0080 VOLUME and CHART have been working it here at the .0070-.0080 level. Looking for a turn on the chart and with the May trial getting underway, expect a lot of interest to come in from the likes of CNBC, Bloomberg, and other media outlets covering it. Lots of eyeballs will be coming. Loaded up under .0075 and will get more under .01. GLTY
Nice potential here .01/.025/.07
Looks like fun in May for NRTLQ
Active trading in NRTLQ---some days heavy buying and.....
some days a lot of annoying little trades --if u can call them that
go back a few years and look at the chart'
then check the trades-- I could train a monkey to do that
a cat has a hold of the mouse and keys
maybe the family cat is frustrated
12:49:52 Q 0.0081 0.0004 10
12:41:35 Q 0.0081 0.0004 11
12:12:40 Q 0.0081 0.0004 4
12:12:32 Q 0.0081 0.0004 47
12:12:23 Q 0.0081 0.0004 11
12:12:14 Q 0.0081 0.0004 47
crazy, weird trades, someone trying to fool us into thinking investors from old nortel are dumping, imho. This one has lots of potential! Lots and lots of potential, Billions on the line, easiest place to make it back, through shares, imho once again.
5,10 WHO WILL GIMME 20 33 , 7, 11 ETC
INSANE int&^^^^%^stitooshunal buckshee churns to entice the low lifers
Court Representatives of Nortel's Former Canadian Employees Request Unfettered Access to Canadian Courts
OTTAWA , April 29, 2014 /CNW/ -
• While the Nortel insolvency is now in its 6th year, close to 22,000 former employees of Nortel Canada, including its pensioners and those on long-term disability, have already taken their cuts. Some were immediately after the filing of CCAA status in January 2009 , while the most recent round in August 2011 had pensions cut back to 55% to 70% of their former level.
• Nortel's former Canadian employees are now looking to reclaim their share in the allocation of the Nortel global estate, but only on a fair and equitable basis.
• While there are many parties involved, the heart of the dispute in Nortel's global estate pits the former Canadian employees against the current holders of Nortel's bonds:
• When Nortel went under CCAA protection, the original bondholders quickly sold off their junk-bond-status bonds at prices as low as approximately 15% of face value.
• Since then, the bonds have changed hands and have traded up, to the extent that the most recent purchases are well above 100% of face value. These late-in-the-game bond purchases are highly speculative investments by vulture bond funds since there must be an assumption that post-filing interest will be paid to receive more than 100% of the face value.
• Post-filing interest can only be paid if an estate is solvent. In the Nortel case, with insufficient money to go around in all the estates, it is clear that pushing to make the US estate solvent is their best bet. Pushing for solvency of the US estate comes at the detriment of the Canadian estate. US solvency can be targeted by using Canada as a dumping ground for global corporate costs and at the same time claiming that the majority of Nortel's global corporate assets reside outside of Canada .
• Meanwhile UK pensioners who have state-provided guarantees for their pensions equivalent to $55K /per annum are pressing, at excessive cost, for additional recoveries from the Canadian Estate while Canadian pensioners have been subjected to significant cutbacks. Even optimistic projections of recoveries from the estate would not come close to the pension levels of UK pensioners.
• After many failed attempts at mediation, the allocation dispute is now heading to a very costly court case. That litigation will begin on May 12 th simultaneously in courts in Toronto and Delaware , with the final statement of positions ending at the end of June.
BORKERS ARE COSTING US MONEY
http://i678.photobucket.com/albums/vv148/splitterherz/X-Men%20Animated%20Gifs/Juggernaut/jug-headcrushh.gif " target="_blank" title="Stock quote for http://i678.photobucket.com/albums/vv148/splitterherz/X-Men%20Animated%20Gifs/Juggernaut/jug-headcrushh.gif " > http://i678.photobucket.com/albums/vv148/splitterherz/X-Men%20Animated%20Gifs/Juggernaut/jug-headcrushh.gif
yep--I am not surprised at all
with all the low lifes dumping small lots--it has to be some big deep diving shark that wants them alllllllll