http://www.technewsworld.com/story/84282.html
"Shareholders are about to get nailed. Avaya has warned that some or all of its currently outstanding securities may be canceled and extinguished when the Bankruptcy Court confirms a restructuring plan."
3 replies (most recent on top)
POD FX is a cloud solution to you? Pathetic
Its important to know other side of the story. Avaya never predicted filing bankruptcy Chapter 11, but it happened. So their are possibilities of what is written in this article.
This is another b---s--- post from the competitor hoping Avaya would disappear.
Avaya doesn have a cloud solution called POD FX. Check it out!
http://www.avaya.com/en/product/avaya-pod-fx/
There is no freaking way that the court would simply cancel all the debts for Avaya so they can exit Chapeter 11.
Chapter 11 doesn't work that way. Either they will do a firesale and give the debtors whatever they can get for the dollar and close out or swap the debt for equity and move on.