China.com's Parent Internet Company Files For Bankruptcy Protection
October 12, 2011

CDC Corporation, the first Chinese Internet company listed in Nasdaq, has reportedly filed for bankruptcy protection.

The Hong Kong-listed China.com Inc., a subsidiary of CDC Corporation, announced that its website will not be affected by bankruptcy protection of the parent and be operated continually and normally.

CDC said that the company has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court for the Northern District of Georgia. By June 30, 2011, CDC's total assets were USD377.4 million and its debts were USD250.2 million.

Affected by the news, CDC's share price decreased by 52% to USD0.42 on the date of the announcement and the company's stock transaction was then suspended. To date, the share price of CDC has decreased by 88%.

The share price of CDC Software, a U.S.-listed subsidiary of CDC Corporation, also saw a dive of USD1.28 to USD1.77 due to the bankruptcy protection issue.

Founded in June 1997, CDC Corporation was listed on Nasdaq in 1999. From its early days as an Internet pioneer in Asia, the company has grown and evolved into a value-added operator of, and growth investor in, hybrid enterprise software, IT, and new media businesses. It has five departments, providing software, business, online game, application, Internet, and media services. In August 2009, CDC Software was separated from the group and got listed in the U.S.

Zhou Shun'ao, former top executive in the Xinhua News Agency, has now been nominated as independent director and vice chairman of the board of CDC. Zhou will also serve as a member of nominating committee and remuneration committee of CDC. Zhou held the post of vice chairman of the board of CDC and China.com Inc. from 1999 to 2004, and China CEO of CDC from 1999 to 2000.

Related Links:

http://www.china.com

CDC May Be Stopped Trading Stocks in Nasdaq
MENAFN - SinoCast - Thursday, October 27, 2011
CDC May Be Stopped Trading Stocks in Nasdaq
BEIJING, Oct 27, 2011 (SinoCast Daily Business Beat via COMTEX) -- CDC Corporation may be stopped trading stocks on the NASDAQ Stock Market, but continue the trading on over-the-counter market. The final decision may be made out after the hearing, according to news on October 27.
Over-the-counter market transaction, i.e. OTC trading, is a kind of stock trading happened between securities firms or between securities firms and clients in fixed places outside stock exchanges, and traded targets include registered
stocks and unlisted stocks.
Source: www.sina.com.cn (October 27, 2011)
Copyright 2008 SinoCast Daily Business Beat.

Only if and when all the debts are cancelled.

What a croc....!!

Google can not buy anything anymore, because everything has been sold out.

Nuinsco + Ocean have got what they wanted: the pearls in the crown, the rest is peanuts.

The big question is: how big are the remaining debts of Campbell (if any) and will there be a proposal to exchange the (remaining) debt for new shares, if not the Campbell shares are totally worthless.

If all the debt is gone, Campbell could emerge as a (almost) empty shell.

If NWI and Ocean were good for let's say 95% of all the debts, than it is possible that these debts are cancelled in exchange for the assets.

It will go Up and Down.

Unless the sale of the patents brings in more than 7 billion, Nortel is a goner, the company does not exist anymore as a going concern, almost everything has been sold.

It was just the first news about this subject (as far as I know).

Nortel taking final bids in patent sales -sources

Thu Dec 9, 2010 12:06pm EST
(In U.S. dollars)

Dec 9 (Reuters) - Final bids are due within weeks for patents valued at more than $1 billion that are being sold by Nortel Networks (NRTLQ.PK), according to three sources with knowledge of the auction process.

The sale, under Canada's once mighty telecom giant's bankruptcy proceedings, will give bidders the chance to buy some 4,000 patents, split into groups of related technologies.

Two sources said the patents have been offered in six groups, and final bids are due in a few weeks.

"There has been one round of bidding on those patents, this has been completed," said one of the sources, who declined to be identified because the process is private. (Reporting by Alastair Sharp in Toronto and Nadia Damouni in New York; editing by Rob Wilson

There are 6 lots, so nobody has to pay 5 or 15 Billion,
it will divided in separate parts for separate area's.

If everything goes well you will get 7 cents per share.
Or nothing if everything goes bad.

If depends on the Minco claim.

It's time to sell, Bob,

I do not see any chances here.

http://www.nortel.com/corporate/investor/reports/collateral/q12011_nnc10q.pdf


1st Q 2011

This confirms there are about 500 M shares, which means $ 500 M OVER the total deficit of almost 7 Billion, means 1 USD per share.

15 Bilion EXTRA means about 16 USD per share (after 7 B deficit).

Three Months Ended March 31,
2011 (a)
2010
(Number of common shares in millions)
Net earnings (loss) from continuing operations . . . . . . . . . . . . . . . . $ (104) $ 357
Net earnings (loss) from discontinued operations . . . . . . . . . . . . . . (1) (2)
Net earnings (loss) attributable to Nortel Networks Corporation . . $ (105) $ 355
Basic weighted-average shares outstanding:
Issued and outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 499 499
1.75% Convertible Senior Notes . . . . . . . . . . . . . . . . . . . . . . . — 18
2.125% Convertible Senior Notes . . . . . . . . . . . . . . . . . . . . . . — 18
Diluted weighted-average shares outstanding . . . . . . . . . . . . . 499 535
1.75% Convertible Senior Notes . . . . . . . . . . . . . . . . . . . . . . . 18 —
2.125% Convertible Senior Notes . . . . . . . . . . . . . . . . . . . . . . 18 —
Basic earnings (loss) per common share:
from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . $(0.21) $0.71
from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ —
Diluted earnings (loss) per common share:
from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . $(0.21) $0.67
from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ —
(a) As a result of the net loss for the three months ended March 31, 2011, all potential dilutive securities in this
period are considered anti-dilutive.
16. Shareholders’ deficit
The following are the changes in shareholders’ deficit during the three months ended March 31, 2011:
NNC
Common
Shares
Additional
Paid-in
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Non-controlling
Interests Total
Balance as of December 31,
2010 . . . . . . . . . . . . . . . . . . . . . . $35,604 $3,597 $(46,076) $(362) $621 $(6,616)
Net income (loss) . . . . . . . . . . . . . . — — (105) — 3 (102)
Foreign currency translation
adjustment . . . . . . . . . . . . . . . . . — — — (59) — (59)
Unamortized pension and postretirement actuarial losses and
prior service cost — net . . . . . . . — — — 88 — 88
Other . . . . . . . . . . . . . . . . . . . . . . . . — — — — 1 1
Balance as of March 31, 2011 . . . . $35,604 $3,597 $(46,181) $(333) $625 $(6,688)

If the number of 500 million shares is correct, 15 Billion would be $ 30 per share,

Can anybody verify the 500 M shares....???

Can you explain this calculation...??

According IHub there are ca 500 M shares.

In my opinion only amounts ABOVE 4 Billion will be positive for shareholders.

Mission and Vision

As a representative of the Government of Quebec, the Société de développement de la Baie-James (SDBJ) is responsible for:

Promoting, from a sustainable development perspective, economic development, improvement and exploitation of natural resources other than hydroelectric resources, of the James Bay territory.

Under this mission, the SDBJ promotes dialogue with other stakeholders, in both the public and private sectors. The Company can also execute any mandate entrusted to it by the government, one of its departments, agencies or companies in any related field and whose expenses are supported, in whole or in part, by the principal.

The ideal it seeks to achieve or the vision behind its strategy for the coming years is:

To be a Crown corporation known for its actions aimed at developing the economic potential of the territory, by respecting the principles of sustainable development.

The SDBJ receives no subsidies from the government of Quebec to finance its operations. Thus, the imperative of self-financing its activities remains at the heart of its concerns. The Company must also generate its own capital investment.


http://www.sdbj.gouv.qc.ca/en/home/

NYBob,

I suppose this is a (semi)government company.


-------------------------------------------------
do you know who is the owner of;
Societe de developpement de la Baie-James ("SDBJ"
-------------------------------------------------

"While today's development was a surprise to all involved, it does finally provide us with a date by which we expect final resolution to this situation," said Rene Galipeau, Vice-Chairman and CEO of Nuinsco.

The Loi sur le developpement et l'organisation municipale de la region de la Baie James, which created SDBJ, was adopted by Quebec's National Assembly on July 14, 1971. SDBJ, which self-finances its activities, has now existed for almost 40 years. Its mission is to promote, in a perspective of lasting development, economic development, the enhancement and exploitation of natural resources, other than hydroelectric resources, of the James Bay territory.

About Ocean Partners

Ocean Partners is a privately held company with offices in the UK, USA, Canada, China, Mongolia, South Africa, Turkey and Zambia with additional representation by agents in Istanbul, Lima, Madrid, Melbourne, Moscow, New Delhi, Santiago and Tokyo.

Ocean Partners provides relationship based trading services to miners and smelters of copper, lead and zinc concentrate as well as the secondary products of the base metal smelting industry (eg drosses, slags, reverts, residues). Ocean Partners also owns and operates copper, lead and zinc mines in Turkey as well as holding many exploration licenses there through its 50% shareholding in a local company.

About Nuinsco Resources Limited

Nuinsco is a growth-oriented, multi-commodity mineral exploration company that is focused on world-class mineralized belts in Canada, Turkey and Egypt. In addition to its property holdings, Nuinsco owns common shares in Coventry Resources Limited (ASX:CVY - News) and Victory Nickel Inc. (TSX:NI - News). Shares of Nuinsco trade on the Toronto Stock Exchange under the symbol NWI.

Please visit the Company's website at www.nuinsco.ca. Should you wish to receive Company news via email, please email cathy@chfir.com and specify "Nuinsco Resources" in the subject line.

Press Release Source: Nuinsco Resources Limited On Wednesday May 25, 2011, 10:09 am EDT
TORONTO, ONTARIO--(Marketwire - May 25, 2011) - Nuinsco Resources Limited ("Nuinsco" or "the Company") (TSX:NWI - News; www.nuinsco.ca), along with Ocean Partners Holdings Limited ("Ocean Partners") and a third company jointly owned by Nuinsco and Ocean Partners (collectively the "Companies"), today provided an update on the status of its ongoing motion in the Superior Court of the province of Quebec related to the Companies' efforts to acquire certain assets, including mining and processing assets, located in and near Chibougamau, Quebec (the "Assets") that were formerly owned by Les Ressources Campbell Inc. and Ressources MSV (2007) Inc. ("Campbell").

The Companies are secured creditors of Campbell. At a court hearing to finalize the Companies' bid to acquire the Assets, a motion was made before the registrar presiding over the proceedings on behalf of Societe de developpement de la Baie-James ("SDBJ") indicating that SDBJ may potentially be interested in presenting to PricewaterhouseCoopers Inc. (the "Receiver") a bid to acquire the Assets. Any such bid would then be presented for consideration by the Companies. Although the Receiver has held two previous unsuccessful bid rounds, the registrar deferred the hearing date to June 21, 2011 to allow SDBJ the opportunity to submit its bid if it so desires.

"While today's development was a surprise to all involved, it does finally provide us with a date by which we expect final resolution to this situation," said Rene Galipeau, Vice-Chairman and CEO of Nuinsco.

A market cap of 50 Million is apparently based on 5 Billion outstandig shares, but in reality we do not know if there are 5 Billion outstanding shares, as far as we know the number is 2,6 Billion.

We have to wait for the first annual report for the actual numbers.

If it was easy to run an ironmine, everybody would/could do it.

The picture of the mine from Pesquero shows only a very little part of the very large terrain, d'not forget we have a 'portable mine'.
And of course the port terrain is empty, the ship has just left and the next shipment still has to be sold and transported and consists of 1-3 mm fines, which is a new product for CWRN.

I think this message is very clear; in 10 days we have a new shipload ready:
...........................................................

The Company is now in the process of screening out its 0-3mm fines, which had accumulated around the mining site, into several massive stockpiles.
This undertaking should be accomplished within 10 days, resulting in a finished product of 1-3mm fines that will be sold under a new contract while the company is preparing the second shipment. In addition to all of this, The Company is adding more heavy excavation equipment to increase production.
...........................................................

The value for EERG is about 78 cent, based on 20% for EERG-stockholders and a present market cap of 128 M for AMZG.

A fake bid is normally done to pump the stockprice and than sell their shares as high as possible.

Also it is impossible to make a serious bid without knowing the EXACT number of issued shares.
If the outstanding number would be let's say 2 billion, than the offer would be 300 million, but with a number of 4 billion it would be 600 million.

And as far as I know nobody knows the exact number of outstandig stock.

This Freedom Network reminds me of Telelatinos; also based in Florida.
A genius scam based on false news.

Please tell us how you would know this...??
Is this ever published somewhere...??

Is it posssible that somebody checks this company (Freedom Network) at the Chamber of Commerce??

Thanks!

Unsollicited bid: 0.15 cent of 15 cents...????
Who can ask Bob...???