No, it was more like this.....u whined first, then bragged , then laughed then will cry again towards the end of 2014 which will show u how short sighted u r.
I would be guarded in commenting on a down draft for Nokia, it could very well turn out the Nokia not only does not owe taxes but that India may owe Nokia promised dollars they never delivered on to entice Nokia to come to India. Believe there will also be some visibility about a specific close date on the MSFT/NOKIA closing date, price could move very fast and if a large short position were in play, some massive short covering would definitely drive the price upwards.
Thanks,sounds like the indian extortion I mean tax department is running out of chips :)
I had to do a double take - I posted the exact same thing 30 minutes earlier LOL
Poor doreen - probably considering suicide after that last short trade blew up on him. Why so bitter and angry doreen?
@Sydney, knowing your excellent reporting, this one is way too vague
The Supreme Court today said that it wants to find some sort of an amicable solution that is acceptable to both Nokia and the Income Tax (I-T) department and that it wants to protect the interests of both the parties. For this, Nokia has been asked to submit a report of valuation of its India entities because the Supreme Court wants to make sure that even after the Microsoft deal goes through , there is sufficient amount that can secure the interests of the I-T department. Once Nokia comes back with the valuations, an upfront amount they said approximately would be in the range of Rs 2700-3000 crore for its India operations, a view is going to be taken up by the Supreme Court. The I-T department reiterated that there is at least tax liability of Rs 10000 crore against Nokia and that the company must be asked to submit a bank guarantee and not just an undertaking. It also wanted Nokia Finland to submit an assurance. To which the Supreme Court said that Nokia Finland, which is a holding company cannot be forced to protect the interest of the subsidiary. The apex court also pointed out that Rs 3500 crore, which was paid by Nokia India to Nokia Finland by way of dividends cannot be brought back simply because it is the right of the subsidiary to pay dividend to the holding company. RELATED NEWS
Remember a couple months back (maybe earlier), we dropped down to 6.67? Anyone remember what caused that. Was it an economic event or was it ER? Thanks in advance.
Now we're reverting to the ole suicide ploy. The lowest denominator of an internet bully. Immoral? Coming from the $6's guy who talked about the master. I'm gonna start praying for you.
I already got the first laugh. You can sit around and wait to get the last laugh. If it was ever comes. But ultimately you will realize the joke is on you. Then we can all laugh together.