I called this # today
I called Chris (VP of Investor Relations - Windstream).
It's over for all existing shareholders.
He confirmed all current shareholders will be wiped out, and he also confirmed there will be no buyout whatsoever for existing shareholders.
Existing shareholders in the end will get $0.00. He confirmed this multiple times on the phone.
I'm out. This was the first (and last) bankruptcy stock I will ever purchase.
I sold all my shares for a minimal loss.
I lost about a grand here, but most of my other stocks are doing very well recently.
Thankfully, the price was still around $0.12 - $0.13 today, after the bad news came out a week ago about them going private.
Windstream just F*cked their employees, which I actually think is funny, but I also feel bad for their 401k's.
When Charter went bankrupt about a decade ago, they didn't screw over their employees.
I have a neighbor that works there, and they still have all their stock, and of course their share price is fantastic now.
Christopher C. King, IRC
Vice President – Investor Relations | Windstream
christopher.c.king@windstream.com
o: 704.319.1025 | m: 410.375.007
