Of course, this is a response from Aurelius so it's obviously biased. However, I think many would agree that management knew exactly what they were doing at the time and didn't care about the risks associated with it, putting every employee at Windstream at unnecessary risk.
https://www.prnewswire.com/news-releases/aurelius-responds-to-windstreams-statement-regarding-court-decision-300798014.html
Morale is awful. Anyone that’s not customer facing all day has no idea what’s going on.
"you thought morale was low before, walking around here you see more smiles at a funeral. thanks great leader TT !!!!!!!!!!"
Well, at least it can't get much worse than this - can it???? How much worse can things get?
you thought morale was low before, walking around here you see more smiles at a funeral. thanks great leader TT !!!!!!!!!!
"Their earnings call on Monday the 18th turns into a call about the bankruptcy."
Or they can use the same lies as before 'we are on the right path - this is just a bump in the road, we are on track to rebound and continue our role as a growth company!'
More than likely some of the businesses that are large shareholders will demand to know how WIN could have messed this up - especially since they lied to keep the stock price up by repeating 'we will win the ruling, we are just waiting for the ruling!' The SEC is going to love this, they will be busy with WIN complaints for years.
No big surprise here, they gambled and lost. As others have said this is all on Tony. He put together the idea of a REIT and was CFO at the time.
No one is going to help us refinance at this point. Getting ANOTHER bond to pay off this one I like taking a cash advance to pay off your house.
Chapter 7 is the only solution at this point. They kicked the can down the road for another 30 days. They are going to get all of their ducks in a row.
My bet is they post something after the market closing on Friday March 15th. Their earnings call on Monday the 18th turns into a call about the bankruptcy.
like they say, don't assume. these arrogant pr1cks got what they deserved.