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LITTLE ROCK, Ark., March 04, 2019 (GLOBE NEWSWIRE) -- Windstream (WIN), a leading provider of advanced network communications and technology solutions, announced today that it delivered 12 consecutive months of broadband subscriber growth through February.?
Found a good post on SA
Theoretically, if Windstream negotiates a significant reduction in their lease payment to Uniti (let’s say by $100 million a year or so) and simultaneously a buyer (most likely a private equity fund like Trive only larger) purchases a large quantity of Windstream bonds at the current massive discount, then this buyer could take control of Windstream for a low price and secure huge positive free cash flow. It seems like an arbitrage opportunity, and there have been reports white knights are interested in stepping in on Windstream. If this is indeed the case, it would make sense for that white knight to wait for Windstream to negotiate a lower lease payment to Uniti before pulling the trigger on the purchase because this step with Uniti would increase their cash flow significantly. If you believe Windstream’s CEO and CFO at their recent speeches, then the company’s costs are going way down and their EBITDA is going way up (which means free cash flow for 2019 was going to go way up). Also, Trive purchased a minuscule (and the least desirable, by far) division of Windstream for a healthy multiple, so I would think that the reports of interested white knights for the entire Windstream (including their much more attractive Enterprise and Wholesale divisions) are accurate and that there will be very interested buyers once a lower Uniti lease payment is negotiated.
Do they have to file when they sell or can just sell on the open market?
If they do, we should see filings
Maybe it is, have fun shorting, just dont get cut when it explodes
If it hits .20 i will add another 5000 shares easy
Finally sold....
Found this in the IR section on WIN website
What will happen to the company’s common stock that I own? Will I receive any compensation if the stock is cancelled?
It is too early to say what will happen to Windstream’s common stock as a result of the court-supervised restructuring process.
Often, however, the common stock of a company in Chapter 11 proves to not have value and is cancelled upon the company’s emergence from the court-supervised process.
Will the company’s common stock stop being publicly traded now that the company has filed for Chapter 11 protection?
While the company moves through the court-supervised process, Windstream common stock may continue be traded over the counter, but we cannot assure you that it will continue to be traded.
Can / should I sell my Windstream common stock now?
We are not in a position to offer investment advice.
Please contact your investment adviser or brokerage firm to discuss the options available to you.
Any recovery to existing shareholders will ultimately be determined in connection with the court-supervised process.
Will you hold quarterly earnings reports and host investor conference calls?
We intend to continue to file quarterly and annual reports with the Securities and Exchange Commission during the Chapter 11 proceedings.
How will the Chapter 11 filing affect the value of the company’s bonds?
It is not possible to predict what value, if any, the company bonds may ultimately have.
Sorry i cant find any posts related to commons, can you provide a link?
Thanks
Unless....commons will get cancelled
.33 AH.....
• Windstream Holdings (NASDAQ:WIN) will be delisted from Nasdaq on Wednesday, March 6.
• The company does not intend to appeal the delisting.
• Trading will be suspended at the open of business that day.
• The common stock will commence trading on the OTC Bulletin Board under the symbol WINQ that day.
• Shares fell 7% today, to $0.37 each, setting the company's market cap about $16M.
Are we looking at different tickers here? It actually moving back up to $20....
Alright, what the hell...added another stash at .37
If i lose it all, im ok, i think that this one is worth gambling on
Same as SHLDQ, that one is far from being done
Problem is, do we know what happens to the commons here? Anyone read anything?
Q3 revenue, is triple the market cap now
Do we know for sure that they all still holding? If yes, than its great, makes no sense to sell now at this price
One million
They are offering $.50 per share for one million shares, read the article
Its one mil at .50 for a total of $500k
HENDERSON, Nev.--(BUSINESS WIRE)-- 3PEA International (TPNL), Inc. (NASDAQ: TPNL), a vertically integrated provider of innovative prepaid card programs and processing services for corporate, consumer and government applications, will be discussing their full year earnings results at 5:00 PM Eastern Time on March 11, 2019.
Trade it smart! Dont get married to it
Great thanks!
Alright, joined the club! Small position, lets see what happens
Once again, this site has no value, its a promoted site, stop referencing it
USA is broke....how many trillions in debt?
Not even arguing with all the shorts here, no point, all one sided..
Did you read the whole article??
No it doesnt say that, what they are saying is that there was a foul play is suspected...you clown short
Updates with PG&E comment)
Feb 27 (Reuters) - Shares of PG&E Corp fell 3 percent on Wednesday after federal filings showed that the power utility had delayed a safety overhaul of a high-voltage transmission line, a prime suspect behind the deadliest wildfire in California history.
The company filed for bankruptcy protection in January in anticipation of liabilities from the wildfires, including the catastrophic 2018 Camp Fire that killed 86 people..
The Wall Street Journal https://www.wsj.com/articles/pg-e-delayed-safety-work-on-power-line-that-is-prime-suspect-in-california-wildfire-11551292977 earlier in the day reported that the company had told federal regulators in 2013 it planned to replace many of the towers, wires and hardware pieces on the line.
PG&E said the Journal report inaccurately portrayed planned electric transmission regulatory compliance work, and omitted key aspects of the work the company was doing to enhance safety.
"Our customers also should know that enhanced electric transmission and distribution inspections to help further enhance public safety are well underway. Specifically, PG&E is inspecting its electrical equipment in areas at elevated and extreme wildfire risk," the company said.
The plans to replace components of the Caribou-Palermo line have been in the works since at least 2013, filings with the Federal Energy Regulatory Commision show.
The company said in 2017 that it would spend $30.3 million in 2018 to eliminate clearance issues on the line that were identified in 2013. The project was expected to be operative in December of 2018.
The Camp Fire broke out on the morning of Nov. 8 near the Northern California mountain community of Paradise. The cause of the blaze is still under investigation, though the utility reported to regulators that it experienced equipment problems on the Caribou-Palermo line around the time the fire began. PG&E provides electricity and natural gas to 16 million customers in northern and central California and employs 24,000 people.
The company is seeking court approval for $5.5 billion in debtor-in-possession financing from J.P. Morgan, Bank of America, Barclays, Citi, and other banks, the sum being roughly the same as the utility's annual spending.
PG&E has promised to keep working as it grapples with fire-related costs it estimates at more than $30 billion.
Shares of the company, which is due to report fourth-quarter results on Thursday, were down 3.1 percent at $17.94 in afternoon trading on Wednesday. (Reporting by Ankur Banerjee in Bengaluru and Nichola Groom in Los Angeles; Editing by Shinjini Ganguli and Sriraj Kalluvila)
Can you be anymore short...sided than you already are?
Whoever told you that, was not being thruthful, you have been lied to.....!
It is not, it will never happen
What you mean by that?
Someone just took a dump...
Look at them shorts having a filed day...
Yeah, PURA is better...lol, what a garbage stock
When is the next earnings call or quarterly?
Should be green today, earnings call tomorrow and FERC decision as well
What will happen next week? Im lost...