Offer to purchase claim

I received an interesting call today from Liquidity Solutions. They are making offers to unsecured creditors of Nortel to purchase claims at 40 cents on the dollar. I think that may be a good indication that the market thinks the Nortel estate will be worth more than 40 cents on the dollar. in fact I received an email from a colleague who had seen discussions that the outstanding Nortel bonds are selling around 80 cents.

So I think I am going to hold off selling at this point. Liquidity Solutions are sending me information about their offer. When I receive it I will post it here. I presume that this is related to the Nortel US company since that is the only one I have a claim against at this point

Here is some information on the bond sales sent to me by the colleague I mentioned above.

http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/nortel-bonds-on-the-rise-again/article1884627/

http://ipfinance.blogspot.com/2011/02/latest-on-nortel-bidding-war.html

http://online.wsj.com/article/0,,SB10001424052748703960804576120463615113454,00.html