Replies to post #7564 on Nortel Networks (fka NRTLQ)

[ikingulu]

It says commons are to be cancelled

[Zorro]

NNC is clearly making the announcement here so I think it's safe to assume that they are talking about their shares and NNL preferreds IMO:

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.