https://www.kccllc.net/windstream/document/1922312200331000000000002
$162M in the bank
$398M in revenue
$31M NET LOSS
$61M in goodwill
$89M paid to bankruptcy attys YTD
4 months left of cash in the bank
2 replies (most recent on top)
Going through the previous Monthly Operating Report we are losing about $40M/month on average. Somehow we dropped to $31M this month not sure without looking into the details posted above. With the UNIT settlement we will receive $100M/quarter. If we sustain the $31M loss we will break even at the end of Q2. I don't know how Corona will affect those numbers.
4 months of money left in the coffers. And an amazing coincidence they asked to push out the bankruptcy hearing to 4 months from now......and this bankruptcy judge is just rubber stamping all of their requests. They paid themselves every dime left over from getting to that bankruptcy, so WIN will have ZERO dollars in the bank when they get to that hearing and the LR5 will literally be worth more than Windstream who was once a $7B company. And that ladies and gentlemen is how you completely gut a company. And now they transition to Uniti who owns 100% of all the assets that windstream used to own.......this was some danny ocean sh– right here