How long can we tank? We bounced off a resistance line at €2.85 , now we are back at €2.9€
This whole tax issue, it's old news right? Can't understand why Nokia does not make gives an official statement on this matter
Anyways, i hope this was just a chance for shorters to cover at a better price, and we'll rise from here
how many times do I have to say this!!! Shorts will never cover! Why should they? They didn't cover at 1 dollar level so what makes you think they are looking or anything else? I think we are screwed big time until the Eflop himself comes out with a PR to get things under control about all this.
STOCKHOLM (Reuters) The Finnish telecommunications company Nokia says it cooperates fully with the Indian authorities to resolve allegations of tax evasion.
It writes Bloomberg.
Nokia pointing out that it followed all Indian laws and pay all taxes in accordance with applicable law. The Company wishes to clarify the matter quickly and fairly with the support of the Indian government
You serious? New developments?
Yeah, $2.5 BILLION bill due in 60 days. That's a new development and its all over the place in BOLD letters. Why are so many people on this board not getting what's going on here?
It's $2.5 Billion. The number 1 reason Nokia went so low was the risk of insolvency. BK. with such a huge drain on cash that issue can be brought up again and we may see downgrades. And the reason is that many analysts aren't convinced that Nokia has turned the corner. They think the profit and cash flow in Q4 was a fluke and they can't do it again in Q1 or Q2, so this huge penalty has the potential to hold us down for at least 2 months. I don't think it will but it can.
Sentiment: Strong Buy