Thread regarding Windstream Corp. layoffs

So glad I got a few interviews lined up already. These clowns in management deserve exactly what they get. Great job! This is what winning looks like to me...

$.38 a share. Man my retirement is looking good!!!!

Here comes the 4000:1 reverse split.

The sale WAS intended... but now they have an over-riding priority to pay off Aurelius. IF they have that cash, then what is where it needs to go. And then it is over with, we hope.

Maybe, but that $330 million likely was intended to reduce some stress in what are already terrible financials. The company already warned what an adverse ruling could bring:

"Windstream, which serves about 1.4 million consumers and small businesses in 18 states, has warned that a defeat could force it to seek bankruptcy protection or liquidation."

That's from a Bloomberg article that just came out this evening.

Windstream has $330 million from the Earthlink broadband sale. They might be able to deploy it here and pay Aurelius off.

How about a big FU to Tony Thomas for driving this company into the ground all the while pocketing 5+ million in compensation each year. Oh, and now it's been ruled that he and his cronies violated the law while doing it.

Guess nobody should really be that surprised when CDS spreads on WIN bonds were hovering around 2,500 bps for weeks.

The immediate impact of the ruling:

"That, in turn, means that Services did not obtain a waiver of its breach relating to the 2015 Transaction and that Aurelius’s Notice of Default ripened into an Event of Default on December 7, 2017. And given that, Aurelius is entitled to a money judgment in the amount of the Notes it holds plus interest. That figure, about which there is no dispute, is $310,459,959.10, with an additional $61,347.50 per day in interest after July 23, 2018. Aurelius’s Opp’n ¶ 104"

Confirmed. Here's the ruling https://reorg-research.com//pdf/1862178.pdf.