$$ Nortel Networks zum Pennykracher $$
| eröffnet am: | 27.10.10 12:00 von: | iceman78 |
| neuester Beitrag: | 25.04.21 02:40 von: | Stefaniesybva |
| Anzahl Beiträge: | 3447 | |
| Leser gesamt: | 356540 | |
| davon Heute: | 15 | |
bewertet mit 18 Sternen |
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17.01.13 15:05
#3077
trancetraider
Mann oh Mann....
kanns net a bisserl, z. B. auf 0,013, hochgehen, ist ja langweilig hier....
29.01.13 16:27
#3079
trancetraider
habe heute nochmals gekauft, just for fun
aber auf 0,015 kann es doch nochmals gehen, nur für mich bitteschön.....
20.03.13 22:27
#3081
alpenklimmer
trance
wenn deine Aktionen in einem Kirchenblattl postest , bekommt der neue Papst eine feuchte Unterhosen.
23.03.13 12:52
#3085
langhaariger1
...
Late Wednesday, for example, the Ontario Superior Court approved a $117-million class-action settlement involving Sino-Forest Corp. and Ernst & Young. It’s understood that the amount paid by E&Y, which was Sino’s auditor, is one of the largest in recent Canadian history.
But just as the Lord taketh, the Lord also gives. Locally E&Y has a very rewarding role acting as the court-approved monitor for the Nortel Networks bankruptcy. That job just keeps on giving. Indeed E&Y is one of the beneficiaries of the $250-million plus paid in professional fees to those local providers involved with that bankruptcy. (In all, the gravy train for the professionals runs to more than $800-million – or more than 10% of what’s available for disbursement. All the fees are court-approved.)
Given that the matter hasn’t yet gone to trial – plans call for a joint U.S./Canadian sitting — the annuity will continue.
E&Y has multiple roles in the Nortel matter. And those multiple roles mean that its decisions and actions can affect one class of creditor at the expense of another, given that there are more creditor demands than available cash to pay them all. For instance:
•it is the administrator for Nortel in the U.K.
•it is the Indirect Tax Service Advisor in the U.S. The Unsecured Creditor Committee and the Ad Hoc Bondholder Group control the U.S. estate.
Consider one decision: a $2.1-billion inter-country charge being levied against the Canadian estate in favour of the U.S. estate. That decision was made in response to a claim by the IRS, which claimed that amount to cover tax expenses. Apparently the amount was based on the five-year period ending Dec. 2005.
.
But that decision, on which E&Y U.S. was paid a fee for advice, has been sealed under something known as an IRS-CRA Advanced Pricing Agreement. It’s not known to what extent E&Y Canada (in its role as monitor) opposed the decision to seal the material.
And the implications from that negotiated settlement? The U.S. bondholders are better off (than they would be otherwise) while the company’s former Canadian employees are worse off.
“I would like to see the unsealed documents,” said Diane Urquhart, an independent financial analyst. “The amount of money that is said not to belong in Canada for transfer pricing agreements is not supportable,” said Urquhart, noting that, the amount taken for transfer pricing is more than $400-million a year.
It seems that E&Y is not a fan of disclosure as it relates to its Nortel work. For instance:
•the amount it will receive in Canada is not known – and may not be in the future;
•it is one year behind in reporting the fees it has received in the U.K. But up to one year back it had received US$82-million;
•in the U.S., it has disclosed that it has received US$17-million;
•as monitor, E&Y denied the publication of the financial and legal material relating to the March 2010 agreement between Nortel and its former employees including its long-term disabled.
What does E&Y say? In response to a question as to how well E&Y has played its multiple roles, both here and elsewhere, in the Nortel bankruptcy, E&Y said,“We’re not able to comment publicly about client work.”
Two aspects of life at Ernst & Young, one of the world’s Big Four accounting firms, were on full display this week.
Late Wednesday, for example, the Ontario Superior Court approved a $117-million class-action settlement involving Sino-Forest Corp. and Ernst & Young. It’s understood that the amount paid by E&Y, which was Sino’s auditor, is one of the largest in recent Canadian history.
But just as the Lord taketh, the Lord also gives. Locally E&Y has a very rewarding role acting as the court-approved monitor for the Nortel Networks bankruptcy. That job just keeps on giving. Indeed E&Y is one of the beneficiaries of the $250-million plus paid in professional fees to those local providers involved with that bankruptcy. (In all, the gravy train for the professionals runs to more than $800-million – or more than 10% of what’s available for disbursement. All the fees are court-approved.)
Given that the matter hasn’t yet gone to trial – plans call for a joint U.S./Canadian sitting — the annuity will continue.
E&Y has multiple roles in the Nortel matter. And those multiple roles mean that its decisions and actions can affect one class of creditor at the expense of another, given that there are more creditor demands than available cash to pay them all. For instance:
•it is the administrator for Nortel in the U.K.
•it is the Indirect Tax Service Advisor in the U.S. The Unsecured Creditor Committee and the Ad Hoc Bondholder Group control the U.S. estate.
Consider one decision: a $2.1-billion inter-country charge being levied against the Canadian estate in favour of the U.S. estate. That decision was made in response to a claim by the IRS, which claimed that amount to cover tax expenses. Apparently the amount was based on the five-year period ending Dec. 2005.
.
But that decision, on which E&Y U.S. was paid a fee for advice, has been sealed under something known as an IRS-CRA Advanced Pricing Agreement. It’s not known to what extent E&Y Canada (in its role as monitor) opposed the decision to seal the material.
And the implications from that negotiated settlement? The U.S. bondholders are better off (than they would be otherwise) while the company’s former Canadian employees are worse off.
“I would like to see the unsealed documents,” said Diane Urquhart, an independent financial analyst. “The amount of money that is said not to belong in Canada for transfer pricing agreements is not supportable,” said Urquhart, noting that, the amount taken for transfer pricing is more than $400-million a year.
It seems that E&Y is not a fan of disclosure as it relates to its Nortel work. For instance:
•the amount it will receive in Canada is not known – and may not be in the future;
•it is one year behind in reporting the fees it has received in the U.K. But up to one year back it had received US$82-million;
•in the U.S., it has disclosed that it has received US$17-million;
•as monitor, E&Y denied the publication of the financial and legal material relating to the March 2010 agreement between Nortel and its former employees including its long-term disabled.
What does E&Y say? In response to a question as to how well E&Y has played its multiple roles, both here and elsewhere, in the Nortel bankruptcy, E&Y said,“We’re not able to comment publicly about client work.”
23.03.13 17:16
#3087
pennyzocker123.
Davon ist auszugehen...
dass du zu früh verkauft hast.
Da immer noch nicht klar ist, wie die knapp 10 Mrd. Dollar verteilt werden, ist hier durchaus noch der ein oder andere Zock möglich, bevor das Teil begraben wird...
Artikel vom 10.03.013:
Da immer noch nicht klar ist, wie die knapp 10 Mrd. Dollar verteilt werden, ist hier durchaus noch der ein oder andere Zock möglich, bevor das Teil begraben wird...
Artikel vom 10.03.013:
25.03.13 15:17
#3091
Giesarazu
jau...
bin sehr gespannt für heute. hab leider keine level2-einsicht, fuck... geht ja mächtig ab !!!
25.03.13 15:20
#3092
trancetraider
zu früh verkauft, viel zu früh
man kann nicht immer Glück haben...
25.03.13 16:03
#3094
Kurshellseher
Fahnenstange knickt ein
Vorsicht - geringes Volumen, aber 500 Mio Aktien im Umlauf...
PASS AUF !!
PASS AUF !!
25.03.13 16:10
#3095
langhaariger1
Löschung
Moderation
Zeitpunkt: 25.03.13 21:00
Aktion: Löschung des Beitrages
Kommentar: Löschung auf Wunsch des Verfassers
Zeitpunkt: 25.03.13 21:00
Aktion: Löschung des Beitrages
Kommentar: Löschung auf Wunsch des Verfassers
25.03.13 16:14
#3097
DELUXE_trader
Bin dabei über Stuttgart
TOP Chance, super Umsätze hier wie drüben :))))))))))))))
25.03.13 21:33
#3100
pennyzocker123.
+67% in US!
Da sich jetzt herausgestellt hat, dass es keine Eintagsfliege war, kann es morgen ja weiter gehen.

