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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (14680)	11/18/1999 4:14:00 PM
From: Link Lady	Read Replies (1) \| Respond to of 150070

Hi Steve IW on TSE is finally moving, but past the listing date. What are your thoughts regarding this release. The Shareholders meeting in Dec seems to be important. freeedgar.com BCE Inc. ("BCE") hereby amends and supplements its Report on Schedule 13D, originally filed on June 16, 1998 (the "Schedule 13D"), with respect to the purchase by Nortel Networks Corporation ("Nortel") of common shares without par value (the "Common Shares") of Plaintree Systems Inc. Unless otherwise indicated, each capitalized term used but not defined herein shall have the meaning assigned to such term in the Schedule 13D. Item 1. Security and Company. The response set forth in Item 1 of the Schedule 13D is hereby amended and supplemented by the following information: On November 3, 1999, Plaintree and Nortel entered into a memorandum of agreement (the "Agreement") pursuant to which Nortel committed to convert its Series II Shares into 9,000,000 Common Shares in connection with the acquisition by Targa Group Inc. ("Targa") of 49% of the Common Shares. The conversion is subject to, among other things, the approval of the shareholders of Plaintree of the acquisition by Targa of 49% of the Common Shares at a special meeting of shareholders to be held in December 1999. If the conversion occurs, Nortel will beneficially own approximately 14% of the outstanding Common Shares. Since BCE presently beneficially owns approximately 39.6% of the outstanding shares of Nortel common stock, BCE may be deemed to beneficially own the Common Shares beneficially owned by Nortel. For more information on the Agreement and the relationship between BCE and Nortel, see Amendment No. 1 to the Schedule 13D filed by Nortel on November 12, 1999 with respect to the transactions contemplated by the Agreement. Page 3 of 4 SIGNATURE After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct.