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What do you think will happen here with winmq shareholders ??!
Thanks in advance
Not sure how you missed it but here it is;
D. Request for Relief
The Commission may waive any of its rules if “good cause” is demonstrated.36 In general, waiver is appropriate if (1) special circumstances warrant a deviation from the general rule; and (2) such deviation would better serve the public interest than would strict adherence to the rule.37 The Commission will grant a waiver of its rules in a particular case upon a showing that the relief requested will not undermine the policy objective of the rule in question and will otherwise serve the public interest.38 In determining whether waiver is appropriate, it is well- established that the Commission should “take into account considerations of hardship, equity, or more effective implementation of overall policy.”39
Each of these factors applies in this case. As detailed in the foregoing section, favorable action will produce both public and private benefits by promoting competition and consumer welfare. In contrast, delaying Windstream’s emergence from bankruptcy would impose significant hardships on the Applicants and could have an adverse impact both on Windstream customers and on competition in markets in which Windstream operates.
Accordingly, to the extent required to expedite initial review and permit a two-step approval process, the Applicants seek a temporary and limited waiver of Sections 1.5000(a)(1), 1.948. 1.2112, 63.03, 63.04, 63.18, and 63.24 of the Commission’s Rules to the extent that any of these rules might require immediate scrutiny of pre-paid warrants contemporaneously with approval of present equity interests in Windstream that would exist at emergence. Applicants understand that such a waiver will be conditioned on filing of a Petition for Declaratory Ruling seeking approval to exercise the special warrants in Step Two of the proposed transaction within 30 days of Windstream’s emergence from bankruptcy.40
Context ? Where did you find this ? Thanks
Multiple Appeals.
If one party files a timely notice of appeal, any other party may file a notice of appeal within 14 days after the date when the first notice was filed, or within the time otherwise allowed by this rule, whichever period ends later.
https://www.bap10.uscourts.gov/rule/8009?fbclid=IwAR3JRX_MqyKutB06Y32xQDoqJfrTFyzjarn-5nbJgzBa1F7jZXlnRE0zTWk
They’re still here - surprised it’s still at .07. 1 thing is for sure wallstreet wants rural internet.
Good thing Chris doesn’t run the court.
Under section 1126(c) of the Bankruptcy Code, an entire class of claims is deemed to accept a plan if the plan is accepted by creditors that hold at least two-thirds in amount and more than one-half in number of the allowed claims in the class. Under section 1129(a)(10), if there are impaired classes of claims, the court cannot confirm a plan unless it has been accepted by at least one class of non-insiders who hold impaired claims (i.e., claims that are not going to be paid completely or in which some legal, equitable, or contractual right is altered). Moreover, under section 1126(f), holders of unimpaired claims are deemed to have accepted the plan.
Looking forward to the posting of the effective date.
LL. Effect of Non-Occurrence of Effective Date.
126. If the Effective Date does not occur, the Plan shall be null and void in all respects and nothing contained in the Plan or the Disclosure Statement shall: (a) constitute a waiver or release of any Claims by or Claims against or Interests in the Debtors; (b) prejudice in any manner the rights of the Debtors, any holders of a Claim or Interest, or any other Entity; or (c) constitute an admission, acknowledgment, offer, or undertaking by the Debtors, any holders, or any other Entity in any respect.
There was another appeal later in the day yesterday btw
Please explain why the stock is holding at .12 with roughly 1 mil volume
Cute find - but read the first paragraph, also this is from March. Try reading something more current / ordered, and signed by Judge Drain.
??Exactly. ??
There is no long here - looks like a pps will be cashed out by end of November 2020 if not sooner.
Win has been beaten down so hard I don’t think it’s on anyone’s radar anymore.
You’re correct in thinking that Elliott is NOT in favor or the shareholders but Judge Drains ruling must be implemented. The payout to the shareholders will be nothing more than a “toll fee” in the long run for Elliott.
Common stock is in class 3 where there’s over 3 billion to be allocated between various parties
3. Selling all to a foreign group
Wrong - have you read any of the court docs from this case?
Read the ruling - shareholders between July and oct 2020 will get the payout. Buy now or bitch later.
The same people that shorted will be the same people driving the price up. The reversal is upon us...
Oldsears posted the 8k correct? (NOT ESL.) So, Isn't it safe to say things aren't going well between old sears and Eddie and the doubtful language RE: commons is a tactic to loosen his pocket? My guess...