The enemy is not an activist investor, whom by the way, is proving to be incredibly unique. Harvard Business Case level of uniqueness where they deliberately chose to share their intentions (which is not required) upfront and not allow anyone to claim his intentions are otherwise. The situation Avaya is in is NOT a result of the main investor, the short sellers, the general speculators or the pension funds. The current situation was a result of PURE & DELIBERATE GREED by the trio of the CEO, CFO and COB. So keep your angst targeted toward those 3, and any direct leaders who were willing to play along with those 3 for their own personal gain.
Those 3 CHOSE to do the damage. They chose to look the other way and suspiciously avoid proper accounting tracking (Let's be real..a SaaS organizations who wants to automate call logging and AI just curiously doesn't have an automated system for basic client revenue tracking???? EXACTLY)! Lastly, the insane comments directed toward the investors, as if you all work for a small family business operation and you can tell investors to "f" off. Do you all understand your paychecks came from financing. Your financing came from your market cap. Your market cap came from the value the investors created. Thus, the investors PAID IN. Working there and collecting a paycheck is called a job. Those who did buy shares are investors, however, the non employee investors had zero discount. The large pension funds are explaining to your parents and grandparents why their value is gone.
Just please. Do yourselves a favor and pause if you don't have a baseline education on accounting, financing or investing.
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2 + 2 = whatever the communist party leaders say it equals "Y'all"!!!!
Shorter the stock when he was studying the company. You all don't get it at all. I agree with the headline. You keep trying to blame and claim some sort of blind religious support for Avaya as if it is a mom and pop business. It is not. This is business. Yet to get someone, who clearly evolved on their position of Avaya in time, be willing to engage and show support is a lot better than what most of us (anyone who knows the basics of business) could have Anticipated.
You Avaya religion people just need to go. It's that mentality that always focused on self preservation and not speaking up to do the right thing. The investors are not the be blamed for Avayas misdeeds. The investors were mislead.
Your wonderful investor shorted the stock a while back and bought back in when it hit near bottom. Let's see, a true believer in the company would never short the stock if they want the company to succeed. A investor looking to profit on the negativity and looking to make a ton of money would short a stock buy in at the bottom then write a wonderful charming letter on how he supports the company, just to get the price to go back up. Not everybody is as stupid as you think.
Don't be stu--d, what would Avaya otherwise do? This investor is driving stock up. Potentially preventing it from being kicked off of NYSE for the time being. I love how all of the complainers act like they'd be just fine without investors and just plug along their merry way. Does anyone even try to read about the basics of - leveraged loans, SEC & GAAP Accounting Rules, distressed debt, securities fraud, etc. ?
Let's start with a very basic fact. the new investor is giving the markets hope for Avaya. So stock is climbing. That immediately results in more balanced finances as the market cap has increased, helping the leveraged loans. It also benefits Avayas ability to remain on NYSE.
Don't be stupid new activist investor invested to make a ki----g imagine when this stocks runs to 10 bucks he will dump and run