Noranda Income Fund Unit NNDIF

artificially dropped share price to about $0.4

[baroda]

Glencore and Noranda has beed manipulating share price for some. Many investor sold shares after very bad news of US$100 million repair expense. I wonder if there are any legal steps wecan take

[baroda]

when they announced about US$100 million repair cost, which is about twice market cap at the time of announcement some long time investors like me sold the shares. In my opinion they did this to manipulate share price so that Glencore can buy the share at very low price. Again I wonder if there is any legal actions past share holders can take.

[ZincDink]

It was a dirty way to announce the need for the cell upgrade. I am certainly suspicious but it is really difficult to prove things like this in court. GC didn't buy the shares during the dip but did of course use it to make the offer seem like a good deal. I bought more at the dip and its what really made this somewhat profitable for me. I hope you didn't lose a lot.

[Scotch12]

 Some lawyers will give you a free half hour consultation.  Check with them first.  Sounds like a difficult case to prove and would likely be costly.   I think we have all been screwed by Glencore but I fortunately made money and will just walk away.  I will never invest in a company again where it is clear management does not care about the shareholders.  I

[schocor]

Yes Glencore drove a hard bargain, and some of theri tactics were dubious; but nobody is giong to sue them....successfully that is.  My investmetn review of this holding will result in some lessons moving forwards; but I did manage a very good return here. I still think Glencore is getting this at about 50% of its value, but it is what it is.