Bombardier Inc. T.BBD.A

Bombardier Alstom Statement re: BT

[BBDB859]

Hey Club.

Remember we wrote to Bombardier Investor Relations, about the dispute over the $400M of BT funds on closing and the $400M less the Bomber received from Alstom on closing????

Well since we wrote to Bombardier Investor relations regarding those events. We finally got our response.

Your contact Francis Richer sent the responce to be printed publicly to Globewire. Here it is bellow.

https://www.globenewswire.com/news-release/2022/04/25/2428617/0/en/Bombardier-Statement-Regarding-Alstom-Request-for-Arbitration.html

Or you can read in Battery's post too, just bellow mine. That's where I got it from. Btw Thanks very much Battery. I hope you don't mind me passing it out to posters here. CREDIT TO YOU Battery. Good work.

[clubhouse19]

  I saw that today from stockwatch.     They selcted at Alstom request and agreed by Bombardier to go through arbitration. Even though it still is a relativly long process it is much quicker than going through legal courts. I would think that the arbitrator may find arguements on both sides and IMO may be resolved with somthing in the middle as I would think the bomber refused

[bago]

And I am as dumb as a bag of rocks LOL?  Somewhere in the middle would  be the bomber paying out money. Geesh!

[clubhouse19]

Really ?? Over and above the 400 million US that Alstom held back from the agreed sale price.  Or did you miss that  ??

[bago]

Unfortunately the key here is a lsawsiut  against the bomber not chasing any funds from  Alstom. The bomber is not the plaintiff here! The only positive result here is the bomber avoids a judgement against but will incur legal costs. BTW you are not a nice fella like you come across at first, you insult and talk a lot of smack which  isn't always correct or has materailized yet.

[BBDB859]

You know Bago. I'm not having this discussion with you. Because you don't have a clue as to what's happening. Or what happened. Because you're assuming that Alstom is the one suing here. Alstom wants arbitration to resolve this. You sound like someone that maybe came in after the fact and bought some chear B's here and sold. Now you're back. Well do your own research. You

[bago]

They filed he lawsuit duuuuh? I know the the history of the initial deal. You guys are  acting like you are cheering for your favourite  spors team and just not willing to see anything like it is. There is room for discussion because you got tunnel vision!

[bicente]

Hey dumdum , the first move in business when you don't want to pay  up to find an excuse and file a lawsuit just to start the negotiations.. ma seriously are you that retarded ? What is it the first time you hear that the bomber is being "sued" ? .. do you know that  companies have lawyerS on retainer and that's what they spend time looking for ?...look it up to see

[bago]

I have been on SH for 22 years and have never been called any names until I postes on this  board. Think about it! Having lawyers on retainer doesn't  mean you don' t have to pay for their services when they are put to work. There is about 1/2 a dozen of you here with tunnlel vision and again just not willing to discuss anything without insulting and throwing out acfusations

[MyNameIsNobody]

Bago - I once asked you a simple question and you declined to answer.. adding your own smart-*ss reply. The ' I'm suing to even-out some other claim against me ' is a valid argument as far as a negotiation tactic from Alstom... imho

[bicente]

It's the easiest and cheapest thing to do , find a minor issue and try to get what they can ... it's been done millions of times but yet if it's the bomber the media gets a hard-on ... the bomber has a very rocky past everybody knows this , but things are different now and we will see the results one quarter at a time ... GLTA. quote=MyNameIsNobody]Bago - I once asked you a simple

[bago]

Your question was siily, asking, what value a certain post has. There is posts here every day of now value like the majority of yours and in specific the one you asked. The bottom line if the clam is valid or not it's still the bombers responsibility to defend and right now nothing is coming bomber's way but a possibility that bomber may have to pay something. The negotiation is not about

[MyNameIsNobody]

It was just me using your usual 'what value' argument against you in order for you to notice that you were no better than the ones you so disliked. ...and it looks like you're still in denial.

[BBDB859]

First of all there is no defending on the Bomber side. Arbitration isn't normally handled this way. Each side makes their claim, and get a chance to rebuttle to the others.This isn't court. Then the Arbitrator makes a decision, or asks them for mediation for a resolution between them before his decision is made. Based on those claims each company knows eachothers claims strength . If they

[BBDB859]

Hey Nobody. I see this all the time. When a company is in the wrong? They sue the other one for anything they can find. Or everyone involved in the deal. For sure what happened here is that Bombardier asked for the closing money from Alstom, and threatened to sue Alstom Recently if they didn't pay up. So Alstom is choosing arbitration to settle claim and claiming that Bombardier owes them

[MyNameIsNobody]

859 - I'm with you on this, maybe I didn't write this the rigth way but I believe that Alstom made this latest claim to even-out Bombardier 's 400M$ issue...it's a valid tactic but I have no idea if it has a leg to stand on or not.

[Shamhorish]

".it's a valid tactic but I have no idea if it has a leg to stand on or not." exactly, valid tactic,  IMO, BBD WILL GET NOTHING OUT OF IT, AND MAY BE PENELIZED AND PAY aLSTOM FEW MILLIONS THOSE ARE FRENCH, WETHER bbd is right or wrong does not matter, french will win the case,,,they will cook it,  sauce it, and bbd will loose i do not trust Alstom for $1 bbd better

[BBDB859]

Easy there Sham. Now we'll owe them money. Where do you get that? That's just your positivity side speaking. We're not in court here. Europe has laws too. Maybe the worse that could happen is that we don't get everything. I'm ok getting $200M to $300M too.

[Luckyeleven]

LMAO!! What a PUTZZ!!

[Lukegermany]

https://seekingalpha.com/news/3826528-bombardier-to-fight-alstom-claims-on-rail-deal-at-arbitration?utm_source=feed_news_all&utm_medium=referral

[bago]

Did the bomber claim their 400 million issue with a lawsuit lol. The answer is no! Alstom didn't have to even out anything. Not sure what you are all trying to  spin here. Alstom filed a lawsuit aagainst the bomber  that's it and now Alstom and the bomber to go to arbitration and any result does not bring any cash the bomber's way  but could be costly. They could

[BBDB859]

See Bagel. This is why Club is upset at you. You deserve it. Now I'm frustrated with your with your Misrepresentation of the ongoings here.  Just because you keep repeating something over and over doesn't make it correct nor True. "Alstom din't sue Bombardier" They didn't sue. This is Arbitration. Nobody suing anybody. I know the post sounds misleading to you. But

[clubhouse19]

859 One of the reasons that arbitration is chosen is that the legal fees are minimal compared to an adverserial court case.  If Bago (the box of rocks) would have checked out, legal fees in America during an arbitration case do not come into play for either party. That is why arbitration is, besides being faster, used as legal fees in almost all cases do not come into play ! 

[Truthifest]

Spinning by retail has no effect whatsoever on experienced investors,which includes those that can move the stock, such as tutes.  They all see an overhang.  Some might not think it's material, some might, but all see a risk.

[raphaelle2]

Hey take it easy 859! No point to waste energy on this. First, look at both groups market value. during the last year: Alstom lost 25% while we gained 40%. So, quite possible that one feel robbed while the other relieved! Great feast for both corporate lawyers groups. They only risk for us is a distraction in the 5 yrs recovery plan, and an excuse for hesitant investors to jump in. This too will

[BBDB859]

Yes you're right Ralph. I do get excited when I'm dealing with idiots like PB. In the end you're right that our SP went up 200% while theirs went down 20 - 30%. But don't underestimate the train business they'll catch up when they turn BT profitable. You're right on having nothing to lose here either. Those funds are ours to lose. Maybe we'll get those funds sooner than

[clubhouse19]

That is why you are called a bag of rocks    The fees that come into play during an arbitration case are those of the arbitration panel that works for both sides.  So you are making ignorant statements and wanting posters to believe you, Always best to check out your facts first lest you look more ignorant then you portray yourself to be  Renmaining clueless though is your

[Teamee]

If the TSX is red tomorrow the share price may perhaps drop? ================================================== Bombardier vows to fight Alstom claims on railway deal at international arbitration Bombardier and Alstom facing off over deal 2 hrs ago    

[Luckyeleven]

The TSX is irrrelevant, watch the DOW. Most stocks trade of what the US market does as the TSX is heavily weighted in financials and energy. Even those sectors mostly trade on the US action.

[raphaelle2]

Alstom asking for arbitration might be interpreted, IMO, as an indication of weakness in front of Bombardier 400M challenge which I assume has been argued between both parties since beginning of 2021.( as clearly stated by BBD PR right at the BT sale closing). But we will never know exactly what happened during the past 16 months between both groups. Still, never a dull moment with these guys!

[BBDB859]

I agree Ralph. I can also add that Alstom had no right to withhold those closing funds on closing. If they had a dispute with the Bomber they could have taken it up, after closing. But as I said before, that they saw the weakness or desperation on the PB, so that's why they did it.