Thread regarding Avaya layoffs

Wow. Yes, Avaya is winning on the Wall of Shame!

Among developing situations in recent months, creditors of long-standing loan issuer Avaya Inc. are reported to have gone restricted as negotiations pick up, according to Debtwire.The telecommunications and software vendor — which filed for bankruptcy in 2017 — had again warned of its ability to continue as a going concern after it reported a nearly 70% year-over-year decline in adjusted EBITDA in preliminary third-quarter fiscal 2022 results, and at the same time announced that it is working with advisors to assess options relating to its 2.25% convertible notes due June 2023. Avaya has three term loans in the Morningstar LSTA US Leveraged Loan Index totaling $1.89 billion

Who are these people who keep blindly making such ridiculous statements that there is some hiding behind the safe money that Avaya didn't want to use in June to avoid the loan meltdown showdown they are currently in (and have been since August)??? These people just showcase why Avaya is upside down if they currently have jobs within. Shaking my head in total disgust that these are my colleagues.
{ Source: Nov 1, 2022. https://pitchbook.com/news/articles/leveraged-loan-default-rate-holds-slim-in-october-but-distressed-volume-tops-100b}

Nortel funds? Hope the SEC is following these posts! 😂

Also, 🥺 tell that to the Canadian Government, UK Government and US Government who has faught to get ex-Nortel employees their pensions. If there were such funds that could be used without government, legal and regulator approval, Avaya would not have been the trend setter by securing $600m in loans with severely high interest and fees in June 2022 (mind you, the very same loans that have them in hot water with the firms that gave them the funds).
Wow. Your ignorance knows no bounds.

https://group.legalandgeneral.com/en/newsroom/press-releases/legal-general-agrees-second-transaction-with-the-nortel-networks-uk-pension-plan

https://www.lightreading.com/optical/nortel-announces-pension-settlement/d/d-id/674436?

https://flipboard.com/article/avaya-loan-s-rapid-meltdown-reveals-leveraged-debt-market-risks/f-19601756c0%2Fbloomberg.com

Not going to happen Avaya will get Nortel funds to pay off all debts these funds are held outside Avaya , prepare to win Avayaians

Don't forget. Whistleblower. There was a public statement that there was a Whistelblower report filed with the Board of Directors. Wheather it was resolved or not , it still needs to be addressed because it was made public (that it occurred).

"Boy who called Wolf with a side of Tony Robbins"...ha ha ha ha. That's fantastic. And so so Spot On! Wow.

Yes. At least Big Bird is educational and fact-based. Batman and Cheerleader/Billionairess are like the boy who cried wolf with a side of Tony Robbins. Impossible to listen to anything they spew in make believe land
They try so hard. Yet Avaya doesn't need people who get an A for effort. They need smart (not self declared smart, the real definition of smart with credentials to back them) to drive real growth (not false declarations of growth).

Also, people have many comments about Nortel. Yet it's important to note Nortel would never have hired such people. These two don't hold a candle to the worst Nortel employee. When Avaya decided to double down on the Chirico way, it really lowered it's hiring standards. Credentials need not apply.

Meanwhile Batman and the Cheerleader continue with their ridiculous LinkedIn posts.

Embarrassing and ridiculous.

Regarding post @soz+1jLfMDI5 Who Asks, "Why is it likely"?
November 30, 2022
I don't believe it is likely, per say. Yet this string is very valid and timely. Why? Because Avaya is at the mercy of the Lenders. The Lenders who gave Avaya $600m in loans just weeks prior to Avaya declaring severe miss on earnings and firing the CEO. Therefore, these Lenders have 2 Options :

1. Declare Avaya committed Securities Fraud by deliberately misleading the Lenders when they submitted financials to secure the loans.

Or

2. Negotiate with Avaya to get greater value and security from the debt deal that prevents both sides from expensive and drawn out legal proceedings, and helps prevent Avaya bankruptcy.

The Lenders gave Avaya a date 📅 of NOV 30 to come to a settlement. If no settlement by Nov 30, Avaya is at risk. So the comment below that Avaya has plenty of cash is beyond naive and missing a lot of facts. Avaya is in the game of "Leveraged Loans" at present. When one plays that game, all assets are on the table. There is no secret cash the BOD can use to keep Avaya afloat. Any/all Avaya assets will be part of the negotiations, especially with Avaya Market Cap as low as it is.

Alan Masarek is likely fighting tooth and nail to pull a 🐇 out of his 🤠 to get to an agreed upon settlement (which is pain staking..considering there are about 6 lenders, multiple law firms, advisory firms and accounting firms that all need to come to an agreement).

If this does not occur, then the smartest move would be to pursue BK as soon as possible to protect any remaining assets. Avaya does not have the option to ride out the cash until the accounts are empty.

I will also echo that I am perplexed that few people understand this reality. Don't attack the person educating you all. Most of us who understand this just shake our head and ignore the I'll informed posts. Take note when someone is trying to help you and expand your knowledge. I am an Analyst that works directly with many of you. Do yourselves a favor by taking a step back to do more listening than defending

GOING CONCERN
Gaslighting a person who is conveying the facts is most effective.

* Cuz we all know Gaslighting suddenly makes the facts disappear with your magic Disney Wand.*

And then all is good in your alternate reality.

Meanwhile...AVAYA is still labeled, officially per SEC guidelines

GOING CONCERN

[PS: Avaya SELF DECLARED the Going Concern per their contract auditor. WHY? Because if they hadn't, the auditor was at risk for securities violations. This isn't the hearsay gossip you'd like to spin during your Avaya Cheerleading/ victimhood rants}

Thus, you exhibit to us that you are 100% incapable of grasping facts. If the

• SEC Guardrails/GOING CONCERN
• CEO Firing/CRO Firing/CAO Demotion/CFO 'Retirement"
• Market Cap Erosion/Stock Price Plunge
• Thousads of Jobs Eliminated

... didn't work for you to see the facts, Caps likely should have been used 6 mos ago for you to finally GET IT!

(And no, this is not due to the current tech sector recession. Avaya is so special that this is due to severe mis-management. You know, by the guy who "hand picked you")

You do Alan Masarek no favors by acting like the dunce Door Guy for a Mob Boss.

OMG anything is possible
What a waste of 0’s and 1’s

I really think using all caps and telling people they are stupid is an effective way of communicating your point. It makes you sound super believable and trustworthy.

OMG. These Avayans WILL NEVER GET IT. You have got to be kidding me?
How in the world do people not blast their ridiculousness?

FIRST....Billionaire Chick? ha ha ha ha. How did that work for Elizabeth Holmes. My god, do any of these people read anything other Gartner soundbytes and comic books?

SECOND.....Give up while you are ahead if you want to try to talk business economics during a time of real money (as opposed to the last 7 years of free to cheap money). The board/CEO are BOUND by the terms the creditors put upon them. PERIOD. No matter the cash or ridiculous hidden funds. HOW/WHY do you not understand this?

EVEN IF the unrestricted cash or the board cash under the floorboards are not tied to the debt deal, THE CREDITORS ARE IN CHARGE as they are negotiating with AVAYA to agree to NOT PURSUE FRAUD CHARGES FOR MIS REPRESENTING FINANCIALS PRIOR TO SECURING THE LOANS.

SESEAME STREET -- WE NEED BIG BIRD TO HOST A SPECIAL to help these Avaya people GET IT!

Listen, The board has access to funds in escrow that they can give to Avaya if need be, these funds are never reported in the B/Sheet..

Avaya in BC on or before March 6th 2023...

"$221M in restricted "Cash" is locked down by the creditors, but the $404M isn't restricted."

UNTIL THE DEBT DEAL IS SETTLED, the overall definition of what the real definition of 'restricted' is not clear.

• the $404m not restricted as of now is fluid as that is part of the play for Avaya to negotiate.
• That does not allow Avaya to keep going until June so they can figure it out until forced into BK. That cash enables them to pay for the BK attorneys and address the shareholder lawsuits and pay for the people to manage the restructuring or sell offs
• Comment about 'unless sales fall off of cliff" implies that would be an act of God and not likely. You seem to miss the fact that we still are operating without a FULL 10-q from THIRD QUARTER? WHY? Because Avaya knows the revenue projects were completely flawed and the reporting of what customers should actually be tracked in the SaaS projections was wildly off. So they don't want to share that with the market until the debt deal is complete, or they wont be able to survive the blow back. So they must have the debt deal complete before they have their Come to Jesus with the market where they have to admit that SALES HAD ALREADY FALLEN OFF OF A CLIFF, and have continued to do so since Q3. So there is not the cushion to shield Avaya that you falsely try to imply.

Now we can look forward to the polyana's acting totally shocked when the real SaaS numbers come out when the 10 q is ultimately filed.

AVAYA HAS BEEN EXISTING on cheap money due to low interest rates for YEARS. NOT ON YOUR PURE AWESOMENESS. Cheap money is no more. Avaya has some teeth to make it happen after a debt settlement. Yet it will look NOTHING Like it has. Nowhere close. All you pie in the sky people have outlived your 15 lives. I trust Masarek will perform a few miracles and get Avaya onto the other side of the debt deal. Yet I also trust he will push the reset button and the same ol will be no more.

$221M in restricted "Cash" is locked down by the creditors, but the $404M isn't restricted.

Regarding Post ID: @zfg+1jLfMDI5
{AM I THE ONLY ONE WHO IS OVER AVAYA EMPLOYEES NOT KNOWING BUSINESS 101?}
NO ONE is throwing around BK like it s flippant comment. IT IS REAL if they do not resolve the debt deal prior to Dec 1

Let me explain the gaps you miss in your logic.

1. Avaya's "CASH" can't be used unless approved by the creditors. And if it is not approved by the creditors, then more people will come after Avaya legally for their piece of any remaining cash (for example, Ring Central for Commissions)

2. Most of Avaya's debt is tied to market cap value. If Avaya doesnt complete debt deal with the creditors who may have been fed bad info when they approved the deal in late June, then the remaining debt, and seveal other contractual deals are at risk b/c they are tied to equity or market cap. Market cap will drop even further. And a lot of that cash dries up.

3. If debt deal isnt settled, the investigations into Avaya misleading the market with false SaaS projections intensify.

4. If debt deal isnt settled, and all of the above becomes real, BK is the only option to PROTECT what Avaya has left. SO NO....they wont coast until June and then "think about it then". Avaya is not in a situation to ride it out until they are FORCED to BK. They have obligations to protect assets and lessen the damage.

Avaya, PLEASE host PUBLIC COMPANY 101 seminars for this foolish employees. The ignorance is getting tiring

Many people like to throw out the BK idea, but that's not going to happen. The company has plenty of cash on the books and the next debt obligation (for people that are spewing default) isn't officially due for another 7 months. Not saying that BK can't happen in the future if Avaya burns through their $625M in cash on the balance sheet, but with the recent cuts, revenue would have to fall off a cliff & it would still be 2 years from now.

No institutional ownership is about 85%, do you think Vanguard or Blackrock will let that happen, I think not,

Why is it likely?

Has something been said, leaked, announced....

Why do folks drip feed information?

Looking likely now.

This time next year we could be millionaires.