Report submitted today to bankruptcy court:
http://www.kccllc.net/windstream/document/1922312190630000000000001
4 replies (most recent on top)
"Seems like the board and the executives are just trying to grab every dollar they can before the ship goes completely under. Get enough millions banked up and who cares what goes on six months down the road."
"You are correct." Tony Thomas
Seems like the board and the executives are just trying to grab every dollar they can before the ship goes completely under. Get enough millions banked up and who cares what goes on six months down the road.
That is correct. Our run rate for revenue isn't keeping up with disconnects and product conversions.
Reorganization is almost $14 just for May, way to go!
Also, page 15 shows Totals paid to date for the executive team AND the board members. The board was paid $1.18M. When people ask why we still have the same board and none of them have been fired it's because of this cash cow. If they fire the executive team they will also be let go
$30M+ loss for the month of May, am I reading that right?