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Liquidation Rights of shareholders as per articles of incorporation

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newflow   Friday, 10/16/20 03:32:19 PM
Re: None
Post # of 9357 
Liquidation Rights of shareholders as per articles of incorporation
(e) Liquidation Rights. In the event of any liquidation, dissolution or winding up of the affairs of the Corporation, whether voluntary or involuntary, after payment or provision for payment of the Corporation’s debts and subject to the rights of the holders of shares of Preferred Stock upon such dissolution, liquidation or winding up, the remaining net assets of the Corporation shall be distributed among holders of shares of Common Stock ratably on a per share basis. A merger or consolidation of the Corporation with or into any other corporation or other entity, or a sale or conveyance of all or any part of the assets of the Corporation (which shall not in fact result in the liquidation of the Corporation and the distribution of assets to its stockholders) shall not be deemed to be a voluntary or involuntary liquidation or dissolution or winding up of the Corporation within the meaning of this Section 3(e).
https://www.sec.gov/Archives/edgar/data/1282266/000119312513354249/d591642dex31.htm

Now read this
Page 16
http://www.kccllc.net/windstream/document/1922312200918000000000001
As promptly as possible following the Distribution, Windstream Holdings and
Windstream Services complete any necessary wind-down activities (which may
include certain actions with respect to assets transferred to Windstream Holdings II
that are ministerial in nature, receiving and sending cash disbursements owed to
Windstream Holdings II or Windstream Services II, making cash disbursements on
behalf of Windstream Holdings II or Windstream Services II while bank accounts are
transferred, transferring payroll functions, and other activities of such nature). Once
such activities are complete, any remaining assets held by Windstream Holdings and
Windstream Services are transferred to Windstream Holdings II or Windstream
Services II pursuant to the Plan (which transfer shall be treated as part of Steps 8
and/or 9, as applicable) and, once such activities are complete, Windstream Holdings
and Windstream Services liquidate
and equity in Windstream Holdings is cancelled
for no consideration.
GAME IS NOT YET OVER,IMO.

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