Just off the mobile from a source in Norwalk who just let this cat out of the bag because they quit once they were told. Buckle down folks u had the chance to get out no choice now but to board the windows this is going to su-k!!!
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Xerox exc’s polishing the mirrors for the reporting of more bad news ..
If 2nd qtr mirrors the 1st things will really hit the fan …SB still blowing smoke..
they pretend to chase new customers in markets Xerox has no track record in and throwing aside thousands of current customers first quarter was only a taste of the hemorrhaging to come. where is the growth? SB JB Louie cashing in and it falls off a cliff they do not care
Chapter #whatever
IMHO, It's the Final chapter
Take a look about the salaries of SB & JB / Xavier Heisss/Louis Pastor/ Jacques Édouard Gueden and you will be surprise by this robbers
https://www1.salary.com/Steven-J-Bandrowczak-Salary-Bonus-Stock-Options-for-Xerox-Holdings-Corp.html
all assets have been liquidated, patents, R&D, research centers and buildings sold off
But we preserved Uncle Icahn's health by borrowing enormously
and now we borrow to pay the debt repayments and our suppliers.
It smells like Chapter 11, with a capitalization of barely 2 billion and a colossal level of debt it doesn't smell good. But it doesn't matter as long as Sb and the rest collect millions of dollars every year
Remember the capitalization of xrx before the arrival of icahn and his asset capture maneuvers, we were around 16 billion
Did you hear that? It was the fat lady warming up!
Won’t be a consolidation because XRX has nothing anyone wants and it gets worse every day.
Definitely bankruptcy this year
The reality is it's 100% coming to the end but let's not believe for one second it's tomorrow. It won't end with bankruptcy either. It will end with consolidation or PE in '25 or even '26.
I didn’t say they don’t have a cash problem, it’s just not a 2024 ending. Next financing will be telling.
For user stating X has enough cash, just look at p11 of the 10Q report issued today...they recorded $905M of cash as part of the funding notes they raised, withouth this cash entry, they would have ended the Q with only $136M in the bank, this is peanuts for a company of X size...there is a cash problem
Happening.
Not happening.
Told ya - scooped...
They shared this insider information with you on the mobile, so I would suggest you take advantage of that knowledge by shorting the shares before everyone else finds out. Use all of the funds from your golden parachute. It's a no-brainer sure-fired lead pipe cinch. Make sure you inform the SEC after you make the transaction, they may also want to get in on the action.
"the X like it or not has taken steps to avoid that declaration"
This is not true either. Will just take a while to unwind.
Someday it will be probable, the X like it or not has taken steps to avoid that declaration.
Shedding non performing units ( their fault) keeps them just above the water surface.
They are preparing for a small future or a soft crash landing.
This is BS. Enough cash for a couple of years. Just look at the last balance sheet.
Do people who look like me still get a plastic bag to use for a parachute if we go bankrupt?