Thread regarding Windstream Corp. layoffs

New seekingalpha.com post by an investor ("WYCO Researcher") who works with bankruptcy situations. He's familiar with Judge Drain, has spent time in his court and has concerns about his skill at dealing with big, complex bankruptcies. He cites several examples.

In a nutshell, he he seems to think anything could happen going forward if Uniti, Windstream and the creditors don't come to a settlement before Judge Drain gets involved.

https://seekingalpha.com/article/4273868-new-litigation-lease-windstream-uniti

Worth a skim. Some paragraphs will make your eyes glaze over but you can skip them.

This has become a third rate horror movie. Just to shi$$y to watch. Terrible actors and writing. It just needs to end. Remove all management and start fresh.

Those reader comments on the seekingalpha page reinforce just how tricky it’s going to be for the parties trying to get the Uniti lease invalidated in bankruptcy court. They’re made one argument in the Aurelius case but here they’re making almost an opposite argument (by saying there are some subtle differences in the two particular cases).

Seekingalpha commenters do not = Goldman Sachs and many are just dumb. Still a couple seem very experienced at bankruptcy and they’re saying this is one of the trickiest (at the legal level, not the financial)

All these law firms are big names and top dollar. They’re the NFL level of Wall Street lawyers.

Interesting, confusing (and scary if your dog’s in the fight)

Interesting comment about shorting the stock. I looked up the recent history:

https://www.nasdaq.com/symbol/unit/short-interest

Short stock explanation:

https://www.investopedia.com/terms/s/shortselling.asp

I still don’t think Uniti will lose in court. In fact, I’m not sure the lease will ever get tried in court - I think all sides will settle

Uniti’s stock hardly budged when the motions were filed (although it did plunge several days before - insider trading?)

We’ll see. One way or another, some financial speculators are going to win big and others lose in a game that’s over my head

Meanwhile, in small towns, 1000s of other folks are trying to figure out how to keep dial tone going with duct tape and chewing gum. God bless y’all- we need it.

Did any Windstream employees get any CS&L stock when it was spun off / spit out / sloughed off from the mother ship?

Uniti stock is getting shorted big time right now. We all know what's going to happen in the next few months.

1.) WIN and UNiTI goto court and UNITI loses

2.) UNITI stock drops like a rock

3.) Short investors clean house

4.) UNITI files for Chapter 11.

Another interesting thing.

The comments on seekingalpha.com reference a meeting between various parties on 6/25 about the lease and potential objections to it. This meeting came to light in one of the filings made a few days later. Presumably, those meetings were confidential…

Yet something caused a lot of trading and a 12% drop in Uniti stock on the 25th:

https://finance.yahoo.com/quote/UNIT?.tsrc=applewf

(click on "1M" to see a chart of the last month's prices)

I wonder if someone who learned of the upcoming legal motions leaked the news and/or placed his own trades?