Comments on: ‘You owe us!’ – BCE to Teachers’ Fund http://www.p2pnet.net/story/17741 p2pnet.net - reader powered Wed, 01 Feb 2012 15:11:09 -0300 http://wordpress.org/?v=2.8.4 hourly 1 By: shelly http://www.p2pnet.net/story/17741/comment-page-1#comment-901044 shelly Mon, 01 Dec 2008 15:37:32 +0000 http://www.p2pnet.net/story/17741#comment-901044 I had phoned BCE investors relations on November 24 , 2008 and asked if all the conditions for the deal have been satisfied and she advised me that hte deal will close and you will get the money one or 2 days after the december 11, 2008. upon her advise i did not sell my stock which i was intended to sell otherwise. on wednesday we were advised that BCE could not satisfy the main condition of its post solvency. i phoned BCE again and she advised me that they were all taken by surprise. i am shocked at the misleading statements made by the BCE representatives and they knew that this report was being prepared since august and clean certificate had not been handed over to them by the KPMG. i feel that the shareholders should have been advised of this condition which had yet to be met. there should be tranparency by the public company so that the shareholders can make informed decision. i feel one should be able to sue BCE for misleading the shareholders. it is very upsetting that they can get away with everything I had phoned BCE investors relations on November 24 , 2008 and asked if all the conditions for the deal have been satisfied and she advised me that hte deal will close and you will get the money one or 2 days after the december 11, 2008. upon her advise i did not sell my stock which i was intended to sell otherwise. on wednesday we were advised that BCE could not satisfy the main condition of its post solvency. i phoned BCE again and she advised me that they were all taken by surprise. i am shocked at the misleading statements made by the BCE representatives and they knew that this report was being prepared since august and clean certificate had not been handed over to them by the KPMG. i feel that the shareholders should have been advised of this condition which had yet to be met. there should be tranparency by the public company so that the shareholders can make informed decision. i feel one should be able to sue BCE for misleading the shareholders. it is very upsetting that they can get away with everything

]]> By: Reader's Write http://www.p2pnet.net/story/17741/comment-page-1#comment-900667 Reader's Write Mon, 01 Dec 2008 07:37:48 +0000 http://www.p2pnet.net/story/17741#comment-900667 Maybe that was that plan? Sell it then be forced to sell of its pieces. Maybe that was that plan?
Sell it then be forced to sell of its pieces.

]]> By: nick kelly http://www.p2pnet.net/story/17741/comment-page-1#comment-900580 nick kelly Mon, 01 Dec 2008 04:20:59 +0000 http://www.p2pnet.net/story/17741#comment-900580 Its surprising that the pundits are surprised by the BCE collapse. What are you thinking? A billion last year=2 billion today. Memo: when your lender goes bust before the deal- that's a red flag. RBS and Citi would both be gone without bailouts. Why o why can't these so called media commentators come up to speed? You have to extrapolate ( project) the trend into the future. Deflation is accelerating. If the buy out had gone through BCE would be bust in 2-5 years. Its surprising that the pundits are surprised by the BCE collapse. What are you thinking? A billion last year=2 billion today. Memo: when your lender goes bust before the deal- that’s a red flag. RBS and Citi would both be gone without bailouts. Why o why can’t these so called media commentators come up to speed? You have to extrapolate ( project) the trend into the future. Deflation is accelerating. If the buy out had gone through BCE would be bust in 2-5 years.

]]> By: Devil's Advocate http://www.p2pnet.net/story/17741/comment-page-1#comment-900224 Devil's Advocate Sun, 30 Nov 2008 16:35:44 +0000 http://www.p2pnet.net/story/17741#comment-900224 Oh yeah. We all know about Bell's passion for extorting a "termination fee" from just about every situation, but they've got to be the first I've ever seen to try applying such a fee to a contract that hasn't even been signed yet!... ...oh wait!... what am I saying?! : ) Oh yeah.
We all know about Bell’s passion for extorting a “termination fee” from just about every situation, but they’ve got to be the first I’ve ever seen to try applying such a fee to a contract that hasn’t even been signed yet!…
…oh wait!… what am I saying?!
: )

]]> By: Spike http://www.p2pnet.net/story/17741/comment-page-1#comment-899695 Spike Sat, 29 Nov 2008 20:00:42 +0000 http://www.p2pnet.net/story/17741#comment-899695 The Teachers should of did some talking around to ordinary customers of Bell, as they are very familiar with Bell's "Termination" Fees. lol The Teachers should of did some talking around to ordinary customers of Bell, as they are very familiar with Bell’s “Termination” Fees. lol

]]> By: Roslyn http://www.p2pnet.net/story/17741/comment-page-1#comment-899507 Roslyn Sat, 29 Nov 2008 15:54:04 +0000 http://www.p2pnet.net/story/17741#comment-899507 The Teachers Pension Fund has already lost a pile of money in Maple Leaf (there are others I am told) and now they will have to take a hit on the BCE. What irks me is that another company wanted to buy BCE when the Teaches jumped on the deal with their U.S. money backers. They should be heavily fined because the firm who made the offer was going to pay close to the $42.00 mark. If the truth be known, the Teachers were "scammed" by Goldman Sacks and the other players who saw big returns on their contributions. I have lost a large sum of money because I believed the analysts when they said it was a "done" deal. I am as dumb as the Teachers Pension executive. In my heart of hearts, I hope they get heavily fined by BCE....they deserve it for their shoddy management of the buy-out. The Teachers Pension Fund has already lost a pile of money in Maple Leaf (there are others I am told) and now they will have to take a hit on the BCE. What irks me is that another company wanted to buy BCE when the Teaches jumped on the deal with their U.S. money backers. They should be heavily fined because the firm who made the offer was going to pay close to the $42.00 mark. If the truth be known, the Teachers were “scammed” by Goldman Sacks and the other players who saw big returns on their contributions. I have lost a large sum of money because I believed the analysts when they said it was a “done” deal. I am as dumb as the Teachers Pension executive. In my heart of hearts, I hope they get heavily fined by BCE….they deserve it for their shoddy management of the buy-out.

]]> By: Jon http://www.p2pnet.net/story/17741/comment-page-1#comment-899502 Jon Sat, 29 Nov 2008 15:52:09 +0000 http://www.p2pnet.net/story/17741#comment-899502 ^^ "That’s quite the pension fund ...." It was the biggest corporate takeover in Canadian history - http://www.cbc.ca/money/story/2007/06/30/bce-teachers.html Cheers! ^^ “That’s quite the pension fund ….”

It was the biggest corporate takeover in Canadian history – http://www.cbc.ca/money/story/2007/06/30/bce-teachers.html

Cheers!

]]> By: surfer http://www.p2pnet.net/story/17741/comment-page-1#comment-899493 surfer Sat, 29 Nov 2008 15:35:28 +0000 http://www.p2pnet.net/story/17741#comment-899493 aha, ok, so the OTTP is looking to invest in Bell Canada. That's quite the pension fund if they can afford something like a telecom provider. I wish them the best of luck, from what I understand, ANYTHING would be better than who currently owns Bell Canada. aha, ok, so the OTTP is looking to invest in Bell Canada. That’s quite the pension fund if they can afford something like a telecom provider.

I wish them the best of luck, from what I understand, ANYTHING would be better than who currently owns Bell Canada.

]]> By: Teacher http://www.p2pnet.net/story/17741/comment-page-1#comment-899460 Teacher Sat, 29 Nov 2008 14:59:49 +0000 http://www.p2pnet.net/story/17741#comment-899460 To surfer - OTTP - "An independent organization, it invests the pension fund's assets and administers the pensions of 278000 active and retired teachers in Ontario" http://www.otpp.com/wps/wcm/connect/otpp_en/home To surfer – OTTP – “An independent organization, it invests the pension fund’s assets and administers the pensions of 278000 active and retired teachers in Ontario”

http://www.otpp.com/wps/wcm/connect/otpp_en/home

]]> By: surfer http://www.p2pnet.net/story/17741/comment-page-1#comment-899450 surfer Sat, 29 Nov 2008 14:46:18 +0000 http://www.p2pnet.net/story/17741#comment-899450 consider me clueless Jon.. How are teachers related to Bell Canada, obviously your 'most hated telecom provider'? I understand that some financial review of Bell Canada seems to state that a buyout (good news) would include 32billion of additional debt, however, how are the teachers involved? Did they do the financial review and goofed some how, hence they are responsible for the deal collapse? Or are the teachers some how associated with the entity doing the buyout review? consider me clueless Jon..

How are teachers related to Bell Canada, obviously your ‘most hated telecom provider’? I understand that some financial review of Bell Canada seems to state that a buyout (good news) would include 32billion of additional debt, however, how are the teachers involved? Did they do the financial review and goofed some how, hence they are responsible for the deal collapse? Or are the teachers some how associated with the entity doing the buyout review?

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