The ultimate value of the shares will be determined through the Chapter 11 reorganization process, but there is certainly a chance that the shares will be cancelled when the company emerges from bankruptcy.
and:
Yes, we are in Chapter 11 reorganization as of late-February. It is too early to say what will happen to the common shares, but in most cases, they are cancelled upon emergence by the company from Chapter 11.
Christopher C. King
Vice President – Investor Relations | Windstream christopher.c.king@windstream.com
it appears some have difficulty reading and/or understanding what was actually said. in neither of these comments did ir say the commons WERE GETTING CANCELLED.
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