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Re: Re: Re: Nortel Unveils $2.4B Lawsuit Settlement Plan
by
Anonymous
Nortel has just blown me and all other investors like me out of the water!
I purchased Nortel com. shares just before the "crash" and then bought their shares again at around $30.per share.
I tried to place my investment with Nortel into a position for future recovery some years down the road!
My financial plan has now been "blown apart" with the introduction of the "one share for 10 shares" effective December 1st., 2006.
This new arrangement means that Nortel's stock would have to go up to $600. per share for me to recover my investment!
I am sure there are thousands of "small" investors out there that are in the same boat as myself. You thought the same as I did and have reinvested in Nortel as I did in order to recover your losses eventually.
Well that is NOT going to happen within anyone's life time.
There is no other alternative but to sue Nortel for an out-of-court settlement and the sooner the better.
If you wish to join me you can e-mail me at: cwritchie@cogeco.ca
Anyone else wanting to participate in this discussion or has any other ideas on what to do, please reply here.
Thank you for reading this investor's story about investing in our Canadian corporation called -- NORTEL!
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