Windstream Holdings Inc. (fka WINMQ)

[ilovetolose1]

Thank you for contacting the U.S. Securities and Exchange Commission (SEC).

We appreciate you informing us of your concerns regarding Windstream Holdings, Inc. ("Windstream").

Please note that the SEC has a limited role regarding bankruptcy and corporate reorganization cases. For general information about corporate bankruptcies, please see available information on our website at: https://www.investor.gov/introduction-investing/investing-basics/glossary/bankruptcy-public-company. Please also see https://www.finra.org/investors/insights/what-corporate-bankruptcy-means-shareholders.

When a company like Windstream files for bankruptcy under Chapter 11, the company's plan of reorganization in most instances will cancel the existing equity shares (and potentially warrant shares). This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.

The SEC's authority extends to disclosure-- making sure that the investing public is provided with full and fair disclosure of important information so they can make informed investment and voting decisions. In this regard, you may wish to review the company's Form 8-K filings disclosing the bankruptcy at https://www.sec.gov/Archives/edgar/data/1282266/000128226619000005/a20190228form8-k.htm and also https://www.sec.gov/ix?doc=/Archives/edgar/data/1282266/000128226620000034/a20200701form8-k.htm.
If you have concerns about the bankruptcy proceedings, you may wish to contact the United States Trustee Program. Additional information is available at https://www.justice.gov/ust/about-program.

The SEC’s Office of Investor Education and Advocacy processes many comments from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some of the correspondence we receive is referred to other SEC offices and divisions for their review. If they have any questions or wish to respond directly to your comments, they will contact you.