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WOW SUCHA PUMP AND DUMP Armistice
They had millions in shares and sold with meagre shares now.WOW.
https://investors.vaxart.com/node/15416/html
IR - Its first hand information
Christopher C. King, IRC
Vice President – Investor Relations | Windstream
christopher.c.king@windstream.com
o: 704.319.1025 | m: 410.375.0079
Shareholder's deficit $2.228 Billion
http://www.kccllc.net/windstream/document/1922312200630000000000003
Elliott,Oaktree,PIMCO..etc will own the reorg company 100%.
Equity is getting cancelled as per plan. Elliot and others get warrants for reorg(discounted equity) and others take equity for debt.
The plan is "equitizing debt", shares get cancelled.
Check fcc.gov docket for Windstream Holdings Debtor-in-Possession filings and read control transfer application.
That is what debtor's plan says.Class 9 is equity class and it is getting cancelled with no distribution.
They need approval from fcc.I read the public interest report.Its clear to me now.I am out from here.
It would never end?. Why?. It would have taken its own course and it would have been a very inexpensive compared to the bk and damage it caused and fees around $100 mm already.
Class 9 is not a Releasing Party which is a good thing.
$300 million claim could have appealed, instead of destructing equity value over $2B at shareholders cost.
CEO screwed it up big time.It was a $300 million judgement which he could have appealed in a superior court, but he chose to bk, millions of fee to lawyers and bk firms and lost so much in equity.Total destruction of value.Cancelling common shares in bk and going private after bk with elliot.
Can the cancelled shares be bought?.As per the plan class 9 interests are getting cancelled and extinguished with no distribution.
32. The Plan is also “fair and equitable” with respect to the Rejecting Classes.
Specifically, no holder of any Claim or Interest that is junior to Class 6A (Obligor General
Unsecured Claims) is receiving a distribution under the Plan, and no Class of Claims or Interests
senior to Class 6A is receiving more than full recovery on account of its Claims or Interests.
Its clear to me now.
Cancelled,released and extinguished without any distribution - Can somebody explain this?.
a. Classification: Class 9 consists of all Interests in Windstream.
b. Treatment: Each holder of an Interest in Windstream shall have such Interest cancelled,
released, and extinguished without any distribution.
c. Voting: Holders of Interests in Windstream are deemed to have rejected the Plan pursuant
to section 1126(g) of the Bankruptcy Code. Therefore, holders of Interests in Windstream
are not entitled to vote to accept or reject the Plan.
Wild.. as per the court equity class is getting cancelled with no votes and no distribution.
Class 9 – Interests in Windstream3
a. Classification: Class 9 consists of all Interests in Windstream.
b. Treatment: Each holder of an Interest in Windstream shall have such Interest cancelled,
released, and extinguished without any distribution.
c. Voting: Holders of Interests in Windstream are deemed to have rejected the Plan pursuant
to section 1126(g) of the Bankruptcy Code. Therefore, holders of Interests in Windstream
are not entitled to vote to accept or reject the Plan.
Night you are right.As per the court the shares are getting cancelled as per plan.How will anybody buy cancelled shares?.Are they talking about buying reorganized company private shares?.how do we know?.
Is it true that common shares getting cancelled as per plan?
Class 9 – Interests in Windstream3
a. Classification: Class 9 consists of all Interests in Windstream.
b. Treatment: Each holder of an Interest in Windstream shall have such Interest cancelled,
released, and extinguished without any distribution.
c. Voting: Holders of Interests in Windstream are deemed to have rejected the Plan pursuant
to section 1126(g) of the Bankruptcy Code. Therefore, holders of Interests in Windstream
are not entitled to vote to accept or reject the Plan.
Windstream's restructuring plan gets green light from judge as it targets late August to emerge from Chapter 11
Elliott and other investors to buy most of Windstream's equity out of bankruptcy?.
https://www.fiercetelecom.com/telecom/windstream-s-restructuring-plan-gets-green-light-from-judge-as-it-targets-late-august-to
ALL STAKEHOLDERS
For the benefit of all stake holders, as per CEOs latest filing.
INSIDERS STILL OWN 100000s OF WINMQ
https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001282266
Compromise and Settlement of Claims, Interests, and Controversies
Pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019 and in consideration for the
distributions and other benefits provided pursuant to the Plan, the Plan is and shall be deemed a good-faith compromise
and settlement of all Claims, Interests, and controversies relating to the contractual, legal, and subordination rights
that a holder of a Claim or Interest may have with respect to any Allowed Claim or Interest, or any distribution to be
made on account of such Allowed Claim or Interest.
The entry of the Confirmation Order shall constitute the Bankruptcy Court’s approval of the compromise or
settlement of all such Claims, Interests, and controversies, as well as a finding by the Bankruptcy Court that such
compromise or settlement is in the best interests of the Debtors, their Estates, and holders of Claims and Interests and
is fair, equitable, and reasonable. The compromises, settlements, and releases described herein shall be deemed
nonseverable from each other and from all other terms of the Plan. In accordance with the provisions of the Plan, pursuant to Bankruptcy Rule 9019, without any further notice to or action, order, or approval of the Bankruptcy Court,
after the Effective Date, the Reorganized Debtors, may compromise and settle Claims against, and Interests in, the
Debtors and their Estates and Causes of Action against other Entities.
Windstream announced at the same time it had negotiated a proposal with hedge-fund manager Elliott Management Corp. and other investors to buy most of Windstream's equity out of bankruptcy while also removing a large chunk of its debt.
https://www.fiercetelecom.com/telecom/windstream-holdings-targets-late-august-for-end-bankruptcy
“Transfer Agreement” means an executed form of the transfer agreement providing, among other things, that a transferee is bound by the terms of this Agreement and substantially in the form attached hereto as Exhibit E-1, with respect to transfers of First Lien Claims, Midwest Notes Claims and/or Equity Interests, and substantially in the form attached hereto as Exhibit E-2, with respect to transfers of Second Lien Claims and/or Unsecured Notes Claims.
“Transfer” means to sell, resell, reallocate, use, pledge, assign, transfer, hypothecate, participate, donate or otherwise encumber or dispose of, directly or indirectly (including through derivatives, options, swaps, pledges, forward sales or other transactions).
https://www.sec.gov/Archives/edgar/data/1620280/000095010320003921/dp122645_ex1001.htm
Exhibit E-1
Provision for Transfer Agreement
(First Lien Claims/Midwest Notes Claims/Equity Interests)
The undersigned (“Transferee”) hereby acknowledges that it has read and understands the Chapter 11 Plan Support Agreement, dated as of __________ (the “Agreement”),1 by and among Windstream Holdings, Inc. and its affiliates and subsidiaries bound thereto, the Uniti Parties, and the Consenting Creditors, including the transferor to the Transferee of any Company Claims/Interests (each such transferor, a “Transferor”), and agrees to be bound by the terms and conditions thereof to the extent the Transferor was thereby bound, and shall be deemed a “Consenting Creditor” under the terms of the Agreement.
The Transferee specifically agrees to be bound by the terms and conditions of the Agreement and makes all representations and warranties contained therein as of the date of the Transfer, including the agreement to be bound by the vote of the Transferor if such vote was cast before the effectiveness of the Transfer discussed herein.
Date Executed:
______________________________________
Name:
Title:
Address:
E-mail address(es):
Aggregate Amounts Beneficially Owned or Managed on Account of:
First Lien Loans
First Lien Notes
Midwest Notes
Second Lien Notes
Unsecured Notes
Equity Interests
$13 Billion assets and $11 Billion liabilities at the time of filing
$6 Billion in annual revenues
Pier1 raking in $20M a week going out of business sale
https://nypost.com/2020/05/29/pier-1-raking-in-20m-a-week-in-online-going-out-of-business-sales/
DEEP VALUE - At the time of petition there were $168 mm assets more than liabilities and approx 4 million o/s.
Do the math.LOL.
28. On April 2, 2020, Mr. Berman retained corporate counsel, both individually and on behalf
of DECN. The staff was contacted by counsel that day in order to schedule the continuation of
Mr. Berman’s interview as requested by the staff. The resumption of the interview was scheduled
for April 13, 2020. Prior to April 13th, the staff informed counsel that it would not require the
production of the documents sought by its March 25th letter to DECN.
https://www.sec.gov/litigation/apdocuments/3-19788-event-2020-05-15-amended-petition-for-termination-of-suspension-of-trading-in-the-securities-of-decision-diagnostics.pdf
VERY INTERESTING POINTS # 27 and 28
27. On March 25, 2020, the SEC staff sent Mr. Berman a request for information in connection
with In The Matter of Certain Coronavirus Related Issuers (NY-10208). Specifically, the staff
requested all documents and communications concerning various statements contained in eight (8)
press releases issued by DECN between March 3, 2020 and March 23, 2020, as well as all
documents concerning four (4) individuals, including but not limited to their trading in DECN
stock.
28. On April 2, 2020, Mr. Berman retained corporate counsel, both individually and on behalf
of DECN. The staff was contacted by counsel that day in order to schedule the continuation of
Mr. Berman’s interview as requested by the staff. The resumption of the interview was scheduled
for April 13, 2020. Prior to April 13th, the staff informed counsel that it would not require the
production of the documents sought by its March 25th letter to DECN.
https://www.sec.gov/litigation/apdocuments/3-19788-event-2020-05-15-amended-petition-for-termination-of-suspension-of-trading-in-the-securities-of-decision-diagnostics.pdf
WOW SEC staff members informed
Mr. Berman that they were unfamiliar with at-home diabetic glucose measurement even though
this technology is used daily by approximately 20 million Americans, and distributed by four of
the world’s largest pharmaceutical companies.
Those 4 must be very jealous,LOL.
How SEC did not mention KB fought against JNJ?.
That day, it gets bought out or paid out by Elliot or by Reorganized company.They had around $2B equity at the time of unnecessary bk filing.The company is making $5.6B revenue annually.
$2MILLION RAISED YESTERDAY
tem 1.01. Entry into a Material Definitive Agreement.
On March 5, 2018, Rennova Health, Inc. (the “Company”) closed an offering of $2,480,000 aggregate principal amount of Senior Secured Original Issue Discount Convertible Debentures due September 19, 2019 (the “Debentures”). The offering was pursuant to the terms of an Additional Issuance Agreement, dated as of March 5, 2018 (the “Issuance Agreement”), between the Company and certain existing institutional investors of the Company. The Company received proceeds of $2,000,000 in the offering.
The terms of the Debentures are the same as those issued by the Company under the previously-announced Securities Purchase Agreement, dated as of August 31, 2017, pursuant to which the Company issued $2,604,000 aggregate principal amount of Senior Secured Original Issue Discount Convertible Debentures due September 19, 2019. The Debentures may also be exchanged for shares of the Company’s Series I-2 Convertible Preferred Stock under the terms of the previously-announced Exchange Agreements, dated as of October 30, 2017.
The Debentures were issued in reliance on the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended, and by Rule 506 of Regulation D promulgated thereunder as a transaction by an issuer not involving a public offering.
The foregoing description of the Issuance Agreement does not purport to be complete and is qualified in its entirety by reference to the form of the Issuance Agreement, which is attached hereto as Exhibit 10.164 and is incorporated by reference herein.
On March 5, 2018, the Company issued a press release announcing the signing of the Issuance Agreement. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporate
https://www.sec.gov/Archives/edgar/data/931059/000149315218002971/form8-k.htm
The two hospitals might generate 2 to 4 million every month, projected by the CEO for 2018.Too much cash flow for a penny stock imo.He also mentioned whole 2018 is good for shareholders, as per 8-K.
$ LAND - EXPECTED REVENUE 30 Million - 40 Million as per CEO interview trascript in 8-K.That would put back the stock where it was between 2013 - 2015.
Check the presentation
PAGE 12/21
https://d1io3yog0oux5.cloudfront.net/_b249a6de2a0647361c7c1b843134921c/rennovahealth/db/122/8477/pdf/1.+Rennova+Health+July+2017+July+11th2017%281%29.pdf
AJMO