Learn how to spell.
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Some of what you wrote is incorrect. The March 2 trial regards the Windstream - Uniti dispute (it may get settled before then).
After that, management will formally propose a plan of reorganization. There's an official timeline for the process of getting that approved but it can take up to 3 months. That's if none of the creditors objects.
The creditors have been involved in the Windstream - Uniti negotiations; some of the stuff proposed by Windstream gives some insight as to what the final plan looks like. Also, you can look at the current value of unsecured bonds; they're trading at 6¢ on the dollar, so nobody in the bond market expects the unsecured creditors to get much coming out of bankruptcy:
https://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=C592165&symbol=WIN3982620
Until someone coughs up hundreds of millions of dollars (that aren't there under any scenario) to make unsecured creditors whole ($1.00 on the dollar), the current shareholders get nothing.
Even if Uniti loses on the lease, that just means Uniti becomes yet another creditor. It does nothing for the shareholders – it just changes the way the debt pie gets sliced up among the creditors.
_Nobody_ expects the shareholders to get anything and the tentative proposals tossed around in the Uniti negotiations all show the current shareholders getting wiped out. Those shares will be formally cancelled.
The new shares in the post-bankruptcy Windstream will go to creditors.
You already lost the second you have anything to do with these pieces of excrement.
Shares? You call those shares? lol!
Uniti owns everything, the company is worthless. Unless the new stock pays a nice dividend I am not sure who would invest in Windstream going forward after they emerge from ch 11
According to google your shares of WIN converted to WINMQ last February.
They now trade on the Pink Sheets as OTC shares.
https://www.google.com/search?q=winmq
On Monday March 2nd the chapter 11 closing goes to trial. At that time
your shares will convert to the new holding company. 1st and 2nd lien holders will get the majority equity of the company any thing left would goto the common share holders. If anything it would be pennies on the dollar. I'm not sure what that really is when the current share price is at 6 cents/share.
No you keep your shares but they have no value. If they decide to restructure, you will not get any shares of in the restructured company.
Read up on this here:
https://www.investopedia.com/ask/answers/10/stock-holder-lose-equity-chapter-11.asp