Cyxtera Technologies Inc (fka CYXTQ)

[m0n]

Page 19 - Common Stock to be cancelled without compensation:

8. Class 8 - Existing Equity Interests ?(a) Classification: Class 8 consists of all Existing Equity Interests. ?(b) Treatment: On the Effective Date, all Existing Equity Interests shall be cancelled, ?released, extinguished, and discharged and will be of no further force or effect. Holders ?of Interests shall receive no recovery or distribution on account of their Existing ?Equity Interests. ?(c) Voting: Class 8 is Impaired under the Plan. Holders of Allowed Interests in Class 8 are ?conclusively deemed to have rejected the Plan under section 1126(g) of the Bankruptcy ?Code. Therefore, such Holders are not entitled to vote to accept or reject the Plan.


https://www.kccllc.net/cyxtera/document/2314853230807000000000001

[m0n]

No No No, the new common stock is for the homeless and equating commons are safe LoL

[m0n]

What price are you bidding? LoL

[trader59]

Page 19 - Common Stock to be cancelled without compensation:

8. Class 8 - Existing Equity Interests
(a) Classification: Class 8 consists of all Existing Equity Interests.
(b) Treatment: On the Effective Date, all Existing Equity Interests shall be cancelled,
released, extinguished, and discharged and will be of no further force or effect. Holders
of Interests shall receive no recovery or distribution on account of their Existing
Equity Interests.
(c) Voting: Class 8 is Impaired under the Plan. Holders of Allowed Interests in Class 8 are
conclusively deemed to have rejected the Plan under section 1126(g) of the Bankruptcy
Code. Therefore, such Holders are not entitled to vote to accept or reject the Plan.

https://www.kccllc.net/cyxtera/document/2314853230807000000000001

And there you have it....

[KeepItRealistic]

$CYXTQ Cyxtera Files Plan of Reorganization and Provides Business Update for the Second Quarter 2023

https://ca.finance.yahoo.com/news/cyxtera-files-plan-reorganization-provides-130500107.html

[m0n]

This post helps no one. EOM

[Golden Cross]

What pps do you have your buy orders in at?

[Golden Cross]

U need to get a life

[m0n]

It’s such a joke to pump and brag isn’t it?

[m0n]

Strange, hmmmmm:

Qualified Bid Requirements:

Purchased Sale Package and Assumed Liabilities. Each Bid must clearly state the following: (a) whether the bidder seeks to purchase some or all of the New Equity Interests or some or all of the Assets; and (b) if applicable, the liabilities and obligations to be assumed, including any debt and cure costs to be assumed.

Also in the reOrg filing, “New Common Stock” means a single class of common equity interests issued by Reorganized Cyxtera on the Effective Date.

Yup, “Existing Equity Interests” will be saved.

No need to issue new stock if the existing equity interests (commons warrants etc)


https://www.kccllc.net/cyxtera

[Carjockey2]

So again...

Why do you care about me or what I say??

>>>Not worried about YOU lol.

[m0n]

Qualified Bid Requirements:

“Purchased Sale Package and Assumed Liabilities. Each Bid must clearly state the following: (a) whether the bidder seeks to purchase some or all of the New Equity Interests or some or all of the Assets; and (b) if applicable, the liabilities and obligations to be assumed, including any debt and cure costs to be assumed.”

https://www.kccllc.net/cyxtera

[Huggy Bear]

Because you were yammering about .07 today lol.

[Carjockey2]

Why bother posting this to me then??

>>Easy come, easy go.

I'm quite sure I didn't post anything to YOU!!!

[Huggy Bear]

Not worried about YOU lol.

[Price1]

It is weird to not include that. Just be fair on both sides. This has a chance to go to zero. That’s fair. This also has a chance to be a big sale and win. Either scenario, especially given the numbers $CYXTQ posted for q2, AND the fact that there are multiple qualified bidders,is certainly possible.

[tchalla]

that is one potential scenario.

[tchalla]

funny how you don't include item 2 from that list which states

"At the same time, we remain open to opportunities to enhance value for the business and our
key stakeholders as we move forward. In the event we take an alternate path during the court-
supervised process, such as receiving a significant investment from a new investor or selling the
business, it is possible that shareholders could receive some recovery at the end of this
process. "

[Golden Cross]

Thank you...you saved my life

[Carjockey2]

Lol..

Quite sure my free shares don't care right now neither do I...

Thank you for worrying about us though I appreciate it

[Huggy Bear]

Easy come, easy go.

[Huggy Bear]

I fear you're missing the forest, which is on fire, by focusing on a few trees.

[Huggy Bear]

New equity after the current commons are canceled.

[mess124]

How convenient, they left words New Common out-of-this-morning-PR.

How many got suckered? Hopefully none!

[mess124]

Anybody have reputable link that states what shorts,

get after common shares dissolved when BK finalizes?

If they wait until then, do they get nothing like longs, or do they get the difference between what they shorted at and $0.00?

Thanks!

[lumpina]

new shares, dilution?

[mess124]

Did they really misspell "recieve"?

[mess124]

I really hope the ones who bought symbol

CYXTQ get a bounce so they don't lose everything, maybe even a nice profit. If you bought CYXT before the Q that is rough. GLTA

[m0n]

From Cyxtera website: "we do not expect shareholders to recieve any recovery at the end of restructure process"
New common shares to be issued upon approval of today's plan of reorganization.

https://uploads-ssl.webflow.com/644b3e0c7bfa9088cda7d1b8/64d0fcaf50b39fa4f85381cd_CYXT%20Microsite%20Shareholder%20FAQ.pdf

[m0n]

Bidders choose which assets and liabilities (if applicable) to the “New Equity Interest” as laid out in the bidding process.

It’s all laid out in the docket along with the reOrg plan that clearly states “New Common Stock”

GLTA

[Dasqeezr]

Thats great news. The Company has received multiple qualified bids to date.

[Cadams05]

Final bids from interested parties in the sale process are due on August 18, 2023. The Company has received multiple qualified bids to date.

[m0n]

GL as the reOrg states “New Common Stock”

Price Action is based on the elimination of debt up to $950 milly while “New Common Stock” will be issued LoL.

https://www.kccllc.net/cyxtera/document/list/5868

[Carjockey2]

Hi .07

We see you!!

[DD-214]

Very interesting indeed..

[Carjockey2]

Opps..

They are wrong

[Golden Cross]

But we are supposed to be red according to the bears?

[Carjockey2]

.0701

Lol

[Carjockey2]

I'm thinking they're not feeling so good it's like having a bad hangover..lol

[KeepItRealistic]

Interesting action today !

I wonder how the peeps feel today who were scared into selling down to .044 ?

[Price1]

For those who don’t like this stock. What am I missing in these numbers? Growth in revenue and recurring revenue is huge. Transaction adjusted EBITDA sounds like something I shouldn’t believe until I look under the hood. What is that? What else?

From the release:
Total revenue increased by $14.9 million, or 8.1% year over year, to $199.0 million in the second quarter.
On a constant currency basis, total revenue increased by $15.1 million, or 8.2% year over year.
Recurring revenue increased by $15.8 million, or 9.1% year over year, to $190.0 million in the second quarter.
Core revenue increased by $17.4 million, or 10.3% year over year, to $186.2 million in the second quarter.
Transaction Adjusted EBITDA increased by $6.4 million, or 10.7%, to $66.4 million and increased by $6.5 million, or 10.9% year over year, on a constant currency basis, in the second quarter.

[Carjockey2]

Looking green today

[Price1]

This is a strong and growing business. Cyxtera isn’t going to be bought and sold for their tangible assets imo. Someone will buy a growing company with real revenue and EBITDA numbers and real growth in those areas. In a business set to explode.

This stock can definitely still go to zero. I have a high risk tolerance. But today’s filing/article boosted my confidence a lot.

https://www.benzinga.com/amp/content/33600043

[trader59]

The higher interest rate environment has boosted Cyxtera's borrowing costs, complicating its path to profitability. In early 2022, prior to the interest rate hikes, Cyxtera said it expected to generate positive net income in 2025. In its most recent SEC 10K filing, it has pushed that target date back to 2030.

https://www.datacenterfrontier.com/colocation/article/33002061/as-stock-price-slumps-cyxtera-reportedly-mulling-capital-raise-or-sale

[mess124]

Gross profits don't come close to covering the

negative Net Tangible Assets for cyxt the past 2 quarters, whereas TUP is basically breakeven.

[mess124]

CYXTQ financials vs. other is apples to oranges

CYXTQ Income Gross Profit:
Annual 12/31/2022 12/31/2021 12/31/2020 : Quarterly 3/31/2023 12/31/2022
________344M_____313M_____300M_____________93M_______87M
TUP ____836M______1B_______1.2B____________196M______197M

CYXTQ net tangible assets:
Quarterly 3/31/2023 12/31/2022 9/30/2022 6/30/2022
__________-670M____-642M____-612M___-571M
Tupperware__?idk____-187M____-175M___-159M

[Price1]

My own numbers are off. Sorry. But this company’s revenues and EBITDA are significant and growing.

[Price1]

Sorry. Should have specified. Operating Cash Flow positive. See below link. Also EBITDA GREW BY 14% in those numbers you sent, year over year. What would a company pay for $200M in EBITDA? 6x gets us to $1.2B. https://finance.yahoo.com/quote/CYXTQ/cash-flow/

[trader59]

This company isn't cash flow positive.

https://www.datacenterdynamics.com/en/news/colo-q4-2022-results-cyxtera-posts-a-355m-net-loss-for-2022-cancels-earnings-call/

[Golden Cross]

Restructuring moving along here as planned