Attention NORTEL NETWORKS Shareholders: If you did not qualify or have not participated in the two law suit settlements from Nortel Networks Inc (Nortel 1 and/or Nortel 2) then you should read this true story and e-mail the writer with your comments with some details about a possible class action lawsuit. (Please keep in mind that this is all "20/20 vision" giving us the advantage of looking back at Nortel's performance). Has anyone out there realized that Nortel Networks has just ROBBED the little guy's investment in their corporation. All Nortel shareholders who were looking to cover their losses by buying Nortel stock as it declined over the past six years are all out of luck! Here's my true story: On January 28th 2000 I sold 1000 shares of CIBC at $37.65 each because they seemed to be very "dormant" at that time. (now $98.00)! The technology industry appeared very attractive at that time, so I used the CIBC proceeds to purchase and sell BCE / Nortel shs over the next few months. On July 27th 2000 I purchased 350 Nortel com.shares at $117.15 because the news from "inside Nortel" was that the stock could go up to as much as $150.00 per share. Believe it or not, that was the information my son (who was in the telecommunications field) got from a secretary at Nortel just before the "crash." Before buying the 350 Nortel shares, I had a short conversation with the CIBC trader that day and I wanted him to place a sell order if the stock fell to $115.00. He told me he would not do that because he was just a stock trader. Because of all the positive information coming out of Nortel and news of their future growth etc., I went ahead and purchased the 350 shares. The stock continued to go up. When it reached my intended short term target of $122.00. I tried to sell but the telephone lines were forever busy at the CIBC trader's desk in Toronto. As a result, I suffered a substantial loss in stock value. On March 6th 2001 I bought another 350 Nortel shares at around $29.35 as there was a "short lived" upward movement. However the stock dropped sharply again. It continued to go down to a low of around 50 cents per share. By this time I have given up and just hoped for the best! Because of Nortel's "one for 10 shs" reverse split---effective December 1st. 2006, I only hold 70 shs now instead of 700 shs. My financial plan for future recovery has now been "blown apart---BIG TIME!" I was trying to position my Nortel investment for future recovery at around $74.00 a share. (74. X 700 shs = $51,800.) I knew it may not be during my life ( I'm 68 ) but during my Children's, Grandchildren's or even my Great-Grandchildren's lifetime! This new arrangement means that Nortel's stock will have to go up to $740.00 per share ( $740. X 70 shs = $51,800 ) before my ancestors can recover the $51,800. investment! ( due to inflation and lack of dividends etc it will be much more than that ). I am sure there must be many "small investors" out there that are in the same predicament as we are. They thought the same as we did and reinvested in Nortel to eventually recover or minimize their losses. Well that my friend is NEVER going to happen within anyone's life time! Nortel leaves us and all others in our position, no other alternative but to insist on a fair and equitable settlement through the courts if necessary. Given what has transpired over the past six/seven years, there is no doubt at all Nortel's executives (past and present) are completely responsible for the major downfall of Nortel's shares and for any hope of recovery by investors like us. Example: The reverse split of ten shareholder's shares for one of Nortel's. Factitious sales reports coupled with their inaccurate "audited" financial statements is totally unacceptable in Canada (or any other country for that matter) . Thank you for reading this investor's true story about investing in our Canadian Corporation called -- NORTEL NETWORKS. Your thoughts and any advice to pass on regarding a possible class action suit will be appreciated. cwritchie@cogeco.ca