https://www.kccllc.net/windstream/document/1922312200621000000000003
Interesting read that TT says he is not responsible for any of his prior actions and is exempt from any future litigation. He nullifies himself of any wrong doing setting up Uniti or the road forward into WIN.
Read C. Exculpation provision
"At the end of 2019, the company adjusted its business plan to reflect the actual
decline of its businesses that had occurred following the petition date, which was even greater
than anticipated in March 2019."
You mean to tell me he was lying to the employees all this time?!?!?! What a joke, Let's hope he gets the cr@p sued out of him, that piece of money grubbing trash.
How did you not see record disconnects and average install rates PRIOR
to corona virus happening? Customer did NOT renew, they disconnected. I guess
they just thought sales team was going to save the day!
It comes down to poor vision and leadership and this is what we are left with!
Your the CEO, you were a CFO, your MBA brain has failed us. Common sense
exceeds your poor business math.
This is my favorite part:
"51. In March 2019, after filing these chapter 11 cases, Windstream revised the
business plan in order to account for future harm to the company associated with operating in
bankruptcy. As time has passed, Windstream has, in fact, experienced hardship associated with
these proceedings. For example, Windstream began experiencing a higher rate of customer
churn and a lower rate of contract renewal, particularly in light of uncertainty regarding the date
of emergence. At the end of 2019, the company adjusted its business plan to reflect the actual
decline of its businesses that had occurred following the petition date, which was even greater
than anticipated in March 2019. "
He knows lawsuits are coming directly at him. He won’t receive immunity from any lawsuit.
401K match was Windstream stock!
Telling employees to buy the stock during employee meetings.
Scamming investors using Uniti as a prop.
All lawsuits coming to a town near you.
According to google he is NICHOLAS GROSSI is MANAGING DIRECTOR at A&M
I received this e-mail yesterday, talk about the pot calling the kettle black?
Windstream Compliance
Fellow Windstreamers,
At Windstream, we are committed to conducting business in a manner that is profitable, ethical and promotes the best interests of our employees, partners and customers while complying with laws and regulations. To that end, the protection of our organization’s information assets and our customers’ privacy is of utmost importance to Windstream.
There have been a lot of filings lately - I've lost track.
There are Uniti investors (and anti-Uniti people) on the seekingalpha.com site. The most recent thread is at https://seekingalpha.com/news/3585196-uniti-group-sets-250m-equity-sales-agreement
One person (jimcooper26) in particular combs through the filings and is an investor and a retired lawyer:
https://seekingalpha.com/user/37179616/comments
You might register on seekingalpha.com (basic membership is free) and see what people over there make of this stuff
Folks here have a better handle on the operational aspects of Windstream and Uniti; people over there parse the legal and financial stuff. Like this message board, quality varies widely
Thanks for posting. I did some digging too. It looks like there is lots of filing
going on prior to our court date tomorrow.
Not sure exactly who N1cholas Gr0ssi is but there are 3 SEALED documents prior to this one.
I am certain they are burying some secrets out there and they cannot be disclosed until after chapter 11.
Who is more negligent here? The LR5 that created this whole mess or the lawyers and accounts that try and cover up their wrong doing?
THIS DOCUMENT HAS BEEN DESIGNATED HIGHLY CONFIDENTIAL
IN ITS ENTIRETY AND HAS BEEN FILED UNDER SEAL