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Mark Evans

the blog - examines the world of telecom  and  technology  from  a distinctly Canadian perspective.

the person - lives in Toronto, CA with  his  wife  and  three children, and  works  as director of community with PlanetEye Inc.
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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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My blog has moved. Check out the new Mark Evans. It's part of my mini-blog empire that also includes All About Nortel and Twitterrati. You can subscribe to Mark Evans Tech by clicking on the RSS symbol above.
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