Just to let you know how serious the situation is, I’ve put together a job elimination model to come up with 300 million to post the surety bond just to appeal the case. Or they can sell assets.
Assume that everyone makes 100k (which they don’t) Windstream would to lay-off 3000 workers.
Avg income 75k=4,000 people.
AVg income 65k =5,300 jobs.
Avg Income 50k = 6,000 jobs
I can’t see anyone willing to lend them 300 million with the current uncertainty.
They could have a chilli cook off to raise the money.
I happened to find the Stream post about the EarthLink sale 2 months ago, per TT, the deal and the cash were exchanged same day, The deal was signed on 12/31 and was stated the money was to be used to make the balance sheet look better. --Just Saying.
Seriously. Just just stop posting nonsense like this when you have no idea how basic finance works.
Looks like you can formulate a plan to save Windstream smart guy. Hope they don’t let you go before you can help them. Maybe you were the person who reviewed the REIT but should’ve been handling the finances.
Lol good luck
Looks like you better get busy
"If I’m reading the Aurelius article correctly, did they offer to settle with us and provide another outcome?"
Initially, yes.
how about have uniti lend win the money. those crooked gunderman brothers are knee deep in this exposed scheme.
Will uniti raise the money to save their Baby?
If I’m reading the Aurelius article correctly, did they offer to settle with us and provide another outcome?
My guess is easily half the company.
It all depends on if they saved the earthlink sell or not.
Then you got the earnings report they pushed back a month.
Why push it back ? That just makes the speculation that much worse.