??

Lol

There’s a very good chance they will exit bankruptcy with shares in tact or with minimal dilution in order to protect their NOLS going forward. Imho of course.

In looking at the cleansing documents, they were far apart on an agreement. Uniti did not back off any amount on the MLA and wanted to keep the rent escalators in place. They did however commit up to $1.75 billion in fiber investment until 2030.

Windstream offered $525 million cash plus about 39 million shares of newco stock. Plus additional restructuring of the MLA and asset purchase agreements.

I second that. He does more damage than good. And before you say “Shutup” MoneyMaker I say STFU!!! Go somewhere else because you’ve outed yourself and have no one else to blame but you imho

Interesting letter sent to Judge Drain on October 15th:

http://www.kccllc.net/windstream/document/1922312191018000000000002

Should be an annual shareholder meeting announcement soon. Last year’s was around the first of December I believe.

I agree. That’s the million dollar question. Do they really have the technology and when will it be monetized???

I noticed the 24k buy at the ask this morning as well. Some are accumulating for sure.

Poison meaning the creditors will not agree to a possible proposed resolution in mediation....thus forcing the issue on a final determination of the fraudulent transfer suit. I don’t see the creditors agreeing to anything with what all has come to the surface in these proceedings. Everyone wants to be made whole and due to the spin off, creditors have wised up to what is really going on. Windstream screwed up big time with the spin off of assets to Unity and MLA. Due to what’s transpired, creditors want to be made whole and move on. Can you blame them?

Interesting. Could be the poison pill for an agreement??

I agree this is absolutely the best viable option for Windstream for the long term. I’m hoping the mediation is just a formality to show the court they have tried to come up with a workable solution and due diligence has been conducted to avoid the FC suit but was to no avail.

However, who knows how this turns out. I’m a little skeptical of Windstream winning the FC suit due to Aurelius buying a position in Unity stock a few months back if my memory serves me correctly. Wondering what they know they nobody else does???

Didn’t realize the Unity assets made up that much revenue. But according to the projected value of those assets declining in value over the next 10 years it would stand to reason the revenues will be declining as well. So if Windstream is not already in an operating loss situation with those revenues, they will eventually be losing at the current MLA rate. Question is how soon. There is lot at risk on both sides. If the MLA is cancelled or WS wins the FC suit that would probably be the end of Unity. If the MLA is not significantly reduced or canceled altogether then I think WS only recourse would be to win the FC suit. If the FC suit fails I think WS’s one remaining option would be a massive debt for equity swap which would not be good for shareholders. If the MLA is significantly reduced that could also spell disaster for Unity unless there is some equity swap included. It will definitely be interesting to see how this plays out.

Yes it would seem to me that would be the best case. Unity can find someone else to lease the assets to if they “truly” own them. I don’t recall how much revenue those assets actually generate monthly for Windstream. Do you know that number by chance? If it’s pretty close to a wash that would make good sense imho.

Linda also in studying the balance sheet. Is the operating lease right of use assets of $4.1 billion the assets that were allegedly sold to unity and then leased back? If so, how can Windstream list assets that were sold? Am I reading that correctly?

That’s what I was thinking. So if the MLA payments are reduced significantly or canceled altogether, then bond holders should be able to be made whole and still have enough recovery left for shareholders. Theoretically

Linda, on the balance sheet...is the $7.7 billion in liabilities subject to compromise inclusive of all future lease payments to Unity?

And to piggyback on this, in order for applicable legacy shareholders to sell their shares, they must follow the procedures as outlined in the original order which will negate their ability to use the declaration of worthlessness tax deduction which ultimately ensures Windstream retains the current value of current NOLS.

It also means that the shares can be sold but they can’t utilize the declaration of worthlessness tax deduction because that would reduce the value of the NOLS. The IRS will only allow one or the other. No double dipping!

Ultimately the company is trying to protect their NOLS. Too much change in ownership of the legacy shares will significantly reduce or nullify the value of the NOLS.
Hint: Shares must remain intact.

Don’t forget about NOLS. Commons play a part of Windstream being able to retain the NOLS

Agreed in that management is not worthy of bonuses, etc. Hence the need for an equity committee to fight for shareholders.

Keep in mind an acquiring company wouldn’t want that much goodwill on the books. It needed to be shed and nows the perfect time to do it.

You’re welcome ??

Lol

Nex Friday bro nex Friday!!! Or Friday after nex!!!

Link?

Will hit new HOD soon. Predicting
.023 within the hour.

With what is coming, that may actually not be overly optimistic but more of a reality. Hoping they break loose with a large scale contract very soon!

Any additional thoughts on an Equity Committee being formed?

Know what you own. If you don’t believe then don’t buy. This is not a get rich quick kind of stock. May not turn into anything.

It means nutts up on the table! Do you have what it takes to be long?

Tee up to an Ad Hoc EC in the making

Hedge betters trying to be greedy by bashing so they can get in lower. This is going to bounce massively once this unfolds. I wish it would dip to .05 but ain’t going to happen. Any entry below $10 will reap a nice return. Mark it folks!

What are you willing to wager my friend? Hot air?

The moon is nowadays a shallow target. Pluto sounds better and more realistic!

Meowwwwww

Where no man “Or company” has gone before. A new Frontier folks and I’m excited to be a part of it! This company is going to rock very soon imho

Tbh LG, it’s not if...but when. There will be an EC. Soon

Agreed on the EC.