IMO - WIN needs to either win the FC suit or cut the MLA with UNITI to remain viable.
It has a lot of Assets on the books which, would exceed Liabilities, if WIN cut the approx $ 7 B in future MLA payments from the Financial Statements.
There is one very good positive in the MOR I did not mention. WIN has still only borrowed $ 500 M of the DIP financing and still has $ 462 M in cash - only $ 38 M of the DIP financing has been used up.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.