Newport Networks Share Discussion Threads

[wolterix] 09/2/2009 10:37

4. Strategy following the De-Listing

Following the De-Listing, the Directors intend to continue to seek alternative options for the Company, but Shareholders should be aware that if the Company is unable to find a suitable alternative, then the Board will be obliged to consider whether the Company is in a position to continue trading.

5. Transactions in the Ordinary Shares following De-Listing

Following the De-Listing, there will be no market facility for dealing in the Ordinary Shares and no price will be publicly quoted for the Ordinary Shares. As such, holdings of Ordinary Shares are unlikely to be capable of sale and will be difficult to value. However, while there can be no guarantee of any Shareholders being able to purchase or sell any Ordinary Shares, the Directors intend to use reasonable endeavours to create and maintain a matched bargain settlement facility. Under this facility, Shareholders or persons wishing to acquire shares will be able to leave an indication with the matched bargain settlement facility provider that they are prepared to buy or sell at an agreed price. In the event that the matched bargain settlement facility provider is able to match that order with an opposite sell or buy instruction, the matched bargain settlement facility provider will contact both parties and then effect the order. Shareholders who do not have their own broker may need to register with the matched bargain settlement facility provider as a new client. This can take some time to process and therefore Shareholders who consider they are likely to avail themselves of this facility are encouraged to commence it at the earliest opportunity. The contact details of the matched bargain settlement facility provider once arranged will be made available to Shareholders on the Company's website.

[drunker50] 09/2/2009 09:51

drunker50 - 15 Dec'08 - 12:59 - 3187 of 3220 edit

I hear NNG is finished, they started moving the furniture out of the offices about 2 weeks ago. I would salvage what little you can and sell.

I was only trying to help the mushrooms.

[ivor whopper] 09/2/2009 08:53

dont get involved in this dog, the rampers were sods.

[pelleeds1980] 09/2/2009 08:29

And it looks like bust was the answer...

[pelleeds1980] 05/2/2009 09:36

Does seedat know what hes doing?? I guess were all playing sh1t or bust till the next announcement then.

[davidrigby] 05/2/2009 09:31

Seedat selling on the 3.02.2009

[big dog5] 01/2/2009 21:08

dream or nightmare......

[catman66] 01/2/2009 20:12

Can't let go the dream!!

[wolterix] 30/1/2009 15:51

wtf are these lot up to! I honestly thought 'accounting date changed to Sept' was the clincher, managed closure etc

wtf does J Ackroyd do all day? are they really hanging in there, poking BT in the stomach repeatedly like a toddler?

[pelleeds1980] 30/1/2009 08:34

Seedat buying again...

[jonno1] 27/1/2009 14:48

and again...

[pelleeds1980] 27/1/2009 09:30

Blimey even this is moving up a touch....

[catman66] 23/1/2009 09:59

I'm of the opinion that no news is good news...

I've made a couple of phone calls this week, trying to get a feeling for what's going to happen with NNG.

I called "Robert Hitchings Group" (who manage Castlegate Business Park) they tell me that Mitel actually hold the lease for the unit NNG trade from. They gave me the direct line for their contact at Mitel. When called this number, the voicemail announces the line as Newport Networks!

I'm no better informed, except to say, Mitel are spending resource keeping NNG alive and there must be a reason for this!!

[pelleeds1980] 22/1/2009 13:42

Still in the dog mate unfortunately - still check now and again on the off chance of life.

[ihavenoclue] 22/1/2009 13:41

Anyone still in this dog ? I said months ago it would be a slow dragged out death.

[wolterix] 14/1/2009 15:16

Nortel Networks files for Chapter 11


By Patrick Fitzgerald, Dow Jones Newswires
14 January 2009

Canadian vendor files for bankruptcy ahead of $107 million bond interest payment.
Nortel Networks Inc. Wednesday filed for Chapter 11 protection in U.S. Bankruptcy Court in Wilmington, Del., dragged down by a sudden drop in demand for its lucrative voice-only telecom network.


Nortel was facing a $107 million bond interest payment this week. The company owes bondholders more than $3.8 billion, according to court filings.

The telecommunications-equipment maker's Canada-based parent company Nortel Networks Corp. also filed for protection in Delaware under Chapter 15 of the U.S. Bankruptcy Code.

The Toronto-based Nortel was expected to file for protection from creditors in Canada, as well.

Chapter 15, added to the U.S. Bankruptcy Code in 2005, opens the door for a company or court-appointed administrator to seek a U.S. bankruptcy court's recognition of a foreign bankruptcy case as the main, or controlling proceeding

[pre] 12/1/2009 20:12

bullish sign..intra day reversal:-)

[anotherday] 07/1/2009 09:56

price will go down to after he sold his shares.

[billthebank] 07/1/2009 00:30

Catman like ur comments re the company's losses. \at pre the valuation of the Co is £800K wonder what's in the mix to see this share start moving North. False Dawn? I hope not.

[sharewinner2] 06/1/2009 20:32

catman66 - He doesn't just buy. He went through a little spell of selling recently, nice to see he's puting in again. Probably like the rest of us, just trying to turn a profit.
Although it would be nice if he did know something.

[wolterix] 06/1/2009 20:21

no, he's a pi like the rest of us, people have rang him before now...

[catman66] 06/1/2009 20:02

OK! who's Mohammed Seedat?

He's been buying for a while now...

Does he work in network design at BT labs?

[ont_ball_city] 06/1/2009 11:45

Jonno - slightly more likely their assets / IP are going to be purchased by another manufacturer. Its certainly possible anyway - that amount of R&D should never go to waste.