Cyxtera Technologies Inc (fka CYXTQ)

[Xecutive1]

Good Samaritan. Looks good on paper

[Huggy Bear]

I could give a rats ass about you.

I simply do not condone SCAMMING.

[Xecutive1]

I have seen the same crap all the time. Why do any of you care how much of my money I loose maybe I need some right offs. Just makes no sense to me why you waste time if it is not benefiting you which it must be or you would not be here. At the end of the day you are just bashers probably trying to keep the price down.

[Huggy Bear]

Correct.

[trader59]

Dude, I posted the link to the latest filing of the plan and explained why your little excerpt is irrelevant to that plan. The excerpt came from an attachment/exhibit to that filing, a document that is over 3 months old. Then I directed you to the plan itself and the exact verbiage that says the common stock will be cancelled, and that's what will happen. If they had a snowball's chance in hell of having an asset value that exceeded their debt, they wouldn't be in bankruptcy, their creditors would have worked with them, but they don't and didn't. That's how bankruptcies work.
So, yeah, the stock's dead, and any sort of fairy tale that says otherwise is just misinformation from pumpers to try and profit off that dead stock.

[m0n]

Stop posting from the docket, it’s bashing LoL

LoL

LoL

[tchalla]

who is trying to deceive the naive? you are trying to control what risks others are willing to take and are making yourself crazy because you are unsuccessful at deterring those who like to gamble on bk plays. you don't know for certain how this will end. nobody here is misleading anybody. everybody posting here has been saying they are taking a chance. leave it alone. the bk proceedings are not even halfway through. stop posting the same chit every day as if people don't know this is a bk play. you do not co trol others trading decisions. accept that and move on. in other words, mind your own damn business. you are also hitting my iggy list today.

[trader59]

Yes, they know that there won’t be anything for the shareholders, that’s a given. These guys tried to sell themselves pre-bankruptcy and had no offers. It’s done.
You guys are just trying to deceive the naive into buying/holding this dead stock.

[tchalla]

for every bk plan you can show me out there, i can show you one that ended with a revised plan. place your bets or move along.

[tchalla]

and you forget if a company offers to buy them out and that purchase amount extinguishes all debt, commons will survive. that is what people are gambling on. so, stop trying to disuade. it won't work. not your money. need not be concerned.

[tchalla]

the cancelation of the stock is only if, after all buyout scenarios are unsuccessfully exhausted and/or leave nothing for the commons. you don't know if that is going to happen. The company does not decide its fate. A nk judge does that after weighing all the facts and circumstances surrounding the company's financial condition and business and ability to recover or be sold. stop trying to convince people that you know how this will end. I remember folks doing that years back with pier one, which was in debt up to their eyeballs. I owned that stock under .50 and sold because certain posters swore that commons were getting canceled. they didn't. the stock immediately ran to $5+ because the bk judge did not allow commons to get wiped out.

[trader59]

The common stock is being cancelled. You probably should read through that before you start posting about it...

That is an excerpt from a term sheet that the company issued over 3 months ago (ie - an outline of an expected plan). That excerpt is on page 209 of the document filed today, and it was an Exhibit B that was attached beginning on page 199, a document from May 4, 2023. The actual plan submitted for court approval was Exhibit A, filed originally on August 7, 2023. The plan does cancel the common stock, page 19.

Here's the whole thing posted today: https://www.kccllc.net/cyxtera/document/2314853230815000000000019 page 199 for where the excerpt you're waving around came from, page 209 for the excerpt. Exhibit A (the plan) begins on page 102, the cancellation of the common stock is on page 125.

[Xecutive1]

Just a talker from moms basement

[m0n]

BIOAQ had multiple bidders and everyone thought there would be a bidding war.

Guess what happened, the company didn’t accept the cheap bids and the bidders bought the remaining assets at a cheaper price LoL

Just remember, Cyxtera owns two data center, everything else is leased.

[tchalla]

yeah, there may be a bidding war in the wings. recapitalization will mean $$'s for commons.

[m0n]

LoL PM’s hitting now LoL

WoW! .50 coming LoL

Price Target is set via PM LoL

Ya can’t fix stupid

[tchalla]

long way till the end. this is just the first major step. you will be bashing for while. lol lol lol but, talking to yourself for me, because, i am placing you on ignore.

[tchalla]

yes, if. that is the gamble traders take every day in the stock market. all based on an if. nothing is certain. don't worry about somebody else's tolerance for the risk. worry about your own. do you even own a stock or do you just bash?

[m0n]

“IF” LoL

[m0n]

Meanwhile new commons will be issued

First lien debt holders get first dibs of that “pool”

GL holding thru it. Can’t wait for crying and whining.

[tchalla]

you still don't get it. if they bid enough to pay for the debt or the debtholders agree to some cash and some equity and don't object to leaving some equity for commons or if the judge decides to leave some equity for commons, it could be a huge win for shareholders. you don't know what will happen. i have seen a lot of things happen in bk where it was said commons would be left with nothing and be cancelled and it didn't happen. you will have to wait and see. the rest of us who own, are willing to take the chance. you are wasting your breath here. seriously. go play in traffic.

[tchalla]

again:

On the Plan Effective Date or as soon as reasonably practicable
thereafter, except to the extent that a holder of an Equity
Interest agrees to less favorable treatment, in full and final
satisfaction, settlement, release, and discharge of and in
exchange for each allowed Equity Interest, each holder of an
Equity Interest shall receive:
(A) in the event the Recapitalization Transaction is
consummated through Pre-Packaged Chapter 11 Cases, its pro
rata share of the Equity Recovery Pool. In such case, the Plan
shall provide for the funding of a value recovery pool in an
amount no less than the Equity Plan Recovery Amount for
distribution to holders of Equity Interests on a pro rata basis
(the “Equity Recovery Pool”). The Equity Recovery Pool shall
be in a form acceptable to the Required Consenting
Term Lenders; or
(B) in the event the Recapitalization Transaction is not
consummated through Pre-Packaged Chapter 11 Cases, no
recovery. In such case, the Equity Interests shall be cancelled
and extinguished

[m0n]

“New equity interests” that’s what bidders are choosing to bid on.

[tchalla]

that is not what that explanation says from the filings. it is called an "equity recovery pool." you are a simple minded basher who thinks that you can just say anything and it will stick. you are clueless and will have to wait just like everybody else. you don't know the outcome. a strong bid for the company could totally nullify this entire reorg plan.

[m0n]

Qualified bidding requirements taken from the docket:

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.”

[m0n]

Again, bidders choose “new equity interest” in terms of assets & liabilities they want to purchase.

Imagine bidding for an asset and you don’t have to choose $1 billion in debt LoL

[tchalla]

yes, taken from the court docs. i posted the quote straight from the filing. you can't fool people. you assume nobody will scour through the the 200+ page document and just accept your faulty analysis. not so.

[m0n]

You mean “new equity interest” which is deemed on what the bidders choose in terms of assets & liabilities, followed by a acceptable bid.

BIOAQ 2.0 IMO

Same thing is happening here IMO

[tchalla]

and again for the idiots in the front row, one of two things could happen aside from a buyout, under the reorg plan:

On the Plan Effective Date or as soon as reasonably practicable
thereafter, except to the extent that a holder of an Equity
Interest agrees to less favorable treatment, in full and final
satisfaction, settlement, release, and discharge of and in
exchange for each allowed Equity Interest, each holder of an
Equity Interest shall receive:
(A) in the event the Recapitalization Transaction is
consummated through Pre-Packaged Chapter 11 Cases, its pro
rata share of the Equity Recovery Pool. In such case, the Plan
shall provide for the funding of a value recovery pool in an
amount no less than the Equity Plan Recovery Amount for
distribution to holders of Equity Interests on a pro rata basis
(the “Equity Recovery Pool”). The Equity Recovery Pool shall
be in a form acceptable to the Required Consenting
Term Lenders; or
(B) in the event the Recapitalization Transaction is not
consummated through Pre-Packaged Chapter 11 Cases, no
recovery. In such case, the Equity Interests shall be cancelled
and extinguished

[tchalla]

the truth is not in you. there has been no determination about equity interests of shareholders. the plan states that one of two things can happen:

On the Plan Effective Date or as soon as reasonably practicable
thereafter, except to the extent that a holder of an Equity
Interest agrees to less favorable treatment, in full and final
satisfaction, settlement, release, and discharge of and in
exchange for each allowed Equity Interest, each holder of an
Equity Interest shall receive:
(A) in the event the Recapitalization Transaction is
consummated through Pre-Packaged Chapter 11 Cases, its pro
rata share of the Equity Recovery Pool. In such case, the Plan
shall provide for the funding of a value recovery pool in an
amount no less than the Equity Plan Recovery Amount for
distribution to holders of Equity Interests on a pro rata basis
(the “Equity Recovery Pool”). The Equity Recovery Pool shall
be in a form acceptable to the Required Consenting
Term Lenders; or
(B) in the event the Recapitalization Transaction is not
consummated through Pre-Packaged Chapter 11 Cases, no
recovery. In such case, the Equity Interests shall be cancelled
and extinguished

[tchalla]

not to mention, you have no clue what the judge will do with commons. the judge has to approve a plan. and that is only if their quest for a buyer falls through. lots of time to see this stock run hard.

[m0n]

Reading comprehension must be hard for you. IMO

[m0n]

Taken from court docs LoL

LoL

LoL

LoL

[tchalla]

you can't see the forest for the trees. a true simpleton.

[tchalla]

keep peddling your crap to bash. that will not change the outcome.of the sale goes through and the final bidder pays enough to leave equity for stockholders.

[tchalla]

that is a joint plan for reorg if all the bids fall through. you keep trying to scare people with your half baked analysis of a bk process that is not wven half way through.

[m0n]

I mean if the seals need to clap because the PPS hits a previous printed PPS, go for it and clap.

No recovery for Existing Equity holders.

New commons will be issued post reorganization.

Filed 8/15/23

https://www.kccllc.net/cyxtera/document/2314853230815000000000019

[m0n]

No recovery for Existing Equity holders.

New commons will be issued post reorganization.

Filed 8/15/23

https://www.kccllc.net/cyxtera/document/2314853230815000000000019

[tchalla]

will not be surprised if the bids take the stock to .50-$1

[tchalla]

actually not lite volume considering the average daily volume for this stock and the fact that it is not even 11am yet.

[mess124]

Lite volume for sucha % increase. It will

be interesting to see how the day unfolds.

[tchalla]

I mean, since you have all the answers and know everything about what is going on behind the scene with this bk process and all. lol lol lol

[tchalla]

lol lol lol lol no nonsense to post this morning while the price is creeping up?

[Price1]

So if they have a stalking horse bidder. Will we see the name of the company and the $$ figure?

[m0n]

Imagine saying, aren’t we suppose to be red when the PPS use to be higher than the previous days close LoL.

Ya just Can’t fix Stupid

LoL

LoL

LoL

[m0n]

w/o commons of course IMO

[Cadams05]

Come on buyout

[Carjockey2]

I'll never tell somebody to buy sell or hold but I'm riding free shares here so I'm in a different ball game!!!

Bankruptcies are very risky plays.. if they work they can be home runs if they don't it can easily wipe you out.

[Carjockey2]

Huh??? We haven't even got through the week yet...

Lol

[mess124]

Should we hold over the weekend?