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Nortel Consolidated Its Common Shares

Posted by Sun on December 1, 2006
Post viewed 419 times, 4 so far today
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When I looked at the quote of Nortel Network (NT) this morning, I couldn't believe what I saw: $20.96 per share, up 875% from yesterday!

What's going on? 

Well, nothing much except that now I only own 230 shares instead of 2300 shares yesterday. NT implemented the consolidation today. The reverse split is at a ratio of 10-to-1. For more information about the consolidation, click here.

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2 Comments
December 1, 2006

Think of the employees who have options that are now over $100 per share. More likely to win the lottery. -C8j

Posted by Big Cajun Man
December 2, 2006

The number certainly looks better after the consolidation, but the total value shouldn’t change.

Posted by The Sun
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