Windstream Holdings Inc. (fka WINMQ)

[linda1]

Not necessarily. The WIN employee who filed
a request for an EC, estimated that WIN
employees own at least 4.5 % of O/S in 401Ks.
That is 1.935 M shares. Plus Management would like
to keep its employees happy.


Here is what a recent News Article says:


“ There’s been a steady stream of
developments since the filing, with analysts
weighing in on what’s likely taking place
behind the scenes. And partners, and
employees in anonymous comments,
have provided their feedback on how
this has or is likely to impact them.


Mike Sapien, Ovum’s vice president and
chief analyst of enterprise services, tells
Channel Partners the process seems to
be going as expected and “I have not
heard anything to the contrary.”


“[The] chapter 11 process can take many months
to years,” he said. “There won’t be any public
announcements until Windstream has negotiated
with its major creditors and regulators on their
exit plan. I suspect it will be many months due
to the numerous parties involved including the
regulatory agencies involved.”


During its first-quarter 2019 earnings call,
Tony Thomas, Windstream’s president and CEO,
said the reorganization process continues and
“we are pleased with the progress thus far.
Windstream will emerge from our current
restructuring a healthier and stronger company.
More than ever, we are excited about the
opportunities that lie ahead.”


https://www.channelpartnersonline.com/gallery/windstream-bankruptcy-the-channel-saga-unfolds/