Not sure what's going on but stock is down 40% in after hours trading. Only news big enough to move the stock like that would be default.
50 replies (most recent on top)
"When we announce earnings (losses) next week the board is going to dismiss TT and LL. They will both get their golden parachute and walk away ruining thousands of lives."
They will each have their individual day in court, some shareholders will be filing lawsuits because of the fast death-spiral the stock has taken since TT took over. The 'fun' is just beginning for TT and his Zombie Executives....
Would love to see TT share a cell with Bernie Madoff....
Appeal? Unlikely. Requires $300+MILLION in 'escrow' AND would probably take years.
Pay off Aurelius from E-link 'sale' income? Probably can't due to 'bond covenants' from the original purchase.
Most likely scenario: BK thus preserving 'cash on hand' and allows breathing room.
And LOTS of layoffs.
https://www.bloomberg.com/news/articles/2019-02-15/windstream-services-loses-default-ruling-in-victory-for-aurelius
Worldcom all over again.
*while the sky is falling and thelayoff.com lets me learn about whats coming its also showing me ads for Jimmy Choos line, Trips to Orlando and Designer diamonds from Vera Wang....clearly my internet profile has multiple personalities lol...and legit...im still employed but nervous as hell as to what comes next
So now we're at the awkward position of will we have severance or not.
I see no reason to show back up.
Currently $0.29/share pre-split. Nice!
Not much work gonna take place next week.
The Great 2019 Chili cookoff !!
Layoffs but executives bonuses.
Welcome to Chili World.
Wow I'm glad I got the hell out of there when I had the chance!
Just be ready to work Monday morning. It’s going to be a grind.
I’m getting drunk
It’s Obama’s fault he appointed the judge.
Please stop with the next generation growth company C-ap.
Appeal to your blue in face. You broke the contractual agreement in the debt covenant. Sale and leasebacks are not allowed.
You sold and leased back. It’s black and white. You’re going to lose.
TT was pumping the stock at the Town Hall.
Free Kool Aid was served.
Can I keep my laptop?
Hot Dog!!!!
I’m going in on Monday! To get my sh-- out of the office.
“We are disappointed in, and frankly surprised by, the ruling and will be taking immediate steps to pursue all available options, including post-trial motions and an appeal,” said Tony Thomas, president and chief executive officer. “Additionally, we will work with our creditors on the next course of action. Windstream provides critical voice and data services to customers across the U.S. We remain committed to serving them and ensuring they realize the maximum benefit in transitioning to next-generation technology solutions and premium broadband services.” TT
The doors will open on Monday and it will all be ok. Don’t let your head explode until you’ve read a stream post explaining it all from the in the know.
Does this mean I can stay home on Monday?
Could this scheme end of in criminal court?
EarthLink sold to WIN for $1.1B.
Sold EarthLink assets for $330M.
Lost lawsuit for $311M
So basically we purchased $1.1B in assets 2 years ago and have NOTHING to show for it. How the Eff does the board or TT still have a job?
When we announce earnings (losses) next week the board is going to dismiss TT and LL. They will both get their golden parachute and walk away ruining thousands of lives.
Layoffs Galore!
Where are all of TT’s advocates now that WIN is in default.
People has seen this coming for years.
The Board and Executives should’ be held accountable.
I have said it before and I'll say it again. " You can rearrange the chairs on the deck of the titanic but it doesn't change the ending of the movie"
Before TT was reincarnated he was the captain of the titanic. History repeats itself and we don't learn from our mistakes.
Bad news for all the glass half full people. How much do you think an appeal cost? If you can’t afford payroll how do you think you’ll cover the lawsuit.
You are in technical default.
Tony's going to have to get his mean jerk time down if he's going to appeals court to get this judgement overruled.
https://www.bloomberg.com/amp/news/articles/2019-02-15/windstream-services-loses-default-ruling-in-victory-for-aurelius
Did someone just post about solid earnings?
Please tell me no one is still spreading red herring statements about pivoting.
If things were good you wouldn’t be laying off everyone and outsourcing every job possible.
STOP
STOP Lying to everyone
This has been the status quo and what has probably out Windstream in the grave. The executives live in a fantasy land supported by middle and lower management that spins any turd that goes up the chain into a shinny brick of gold. Any decent on stream is punished. It's like Disney land... Perseve the magic you peon... This isn't the right place for this.... This isn't conducive to cross team collaboration... S--- my a$$ you koolaide drinking clowns you put this company in the dirt.
I told you guys it was over. You kept listening to the goat herder. The layoffs are going to crank up.
If you could read, you would’ve known Windstream absolutely did a sake and leaseback.
Shame on you for letting them tell you otherwise.
Even if you work this out, it’s over. Stop whining about layoffs. You’re going to be let go in next 12 months.
Shows you just how c---y the executive team was in thinking they would win this case:
"Investors had been waiting for a verdict for months following a trial that ended in July, with repeated assurances from management that Windstream was confident it would get a favorable verdict. “We clearly look forward to getting that, so we can get on to refinancing the balance sheet,” Chief Financial Officer Robert Gunderman said at a Dec. 5 investor conference"
Just like everything else WIN management told everyone, they were flat wrong. They live in their own world where money is not an issue, and have no care for the regular employees.
"Yes, this is the same town hall where the CEO of a rural telecom company spoke of great things involving AI, blockchain, and software development as the company's focus."
Just think, AI wouldn't have gotten WIN in this mess. Good work TT!
"Maybe, but that $330 million likely was intended to reduce some stress in what are already terrible financials."
Don't forget the executive teams will need their 'bonuses' and whatever else they will get in extra salary. It is probably already spent on fueling TT's next vacation jet/yacht....
Earnings should beat expectations.
So looks like WIN down 57% at the end of after hours trading. Next week is going to be brutal with the added bonus of having an earnings release. I feel bad for the people working at WIN who had to endure the town hall meeting with the CEO last week. The one where he more or less mocked the default case and downplayed its effect on the company's solvency. Yes, this is the same town hall where the CEO of a rural telecom company spoke of great things involving AI, blockchain, and software development as the company's focus. Somehow in the midst of these initiatives, he'll retain and grow the talent required to pull this off despite not giving employees raises for the last 3 years. Yes, the man lives on another planet that's completely removed from reality. It would be comical if it weren't so sad...
That’s All Folks!!!!!!
It’s Over Clover!!!
Somebody designed a Ponzi Scheme!
After the call and appeal goes through then you can sell is what I think you meant to say because you imply it will be high by then. It was trending up. Appeals take a long time. It’s going to be a rough road ahead at best.
WIN will appeal. Come Monday it will be a time to buy buy buy. Then after the call and the appeal goes through you can do that!
It's ok, we just have to pivot like Chatroulette, which started as a social media platform and then they pivoted to be a playground for the s-xually monstrous.