Nortel Networks (fka NRTLQ)

[trader53]

**Common shares have not been cancelled**


FORM 8-K
May 12, 2011


Page 2

As previously announced, Nortel does not expect that the Company’s common shareholders or the NNL preferred shareholders will receive any value from the creditor protection proceedings and expects that the proceedings will result in the cancellation of these equity interests.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7931111




Note: The above statement from the 8-K says clearly, the words
"does not expect, and expects".


It does NOT say that the common shares WILL be cancelled


The wording, and word useage in documents, is critical to understanding what is actually going to happen.