Replies to post #1120 on Windstream Holdings Inc. (fka WINMQ)

[Canieatthis]

Sounds like a disclaimer to me...

CEO seems like he cares : “I want to express my appreciation for the continued focus of the entire Windstream team as well as the loyalty and patience of our customers, vendors, channel partners and other stakeholders,” continued Thomas. “With approval from the Court, we will continue paying our employees, maintaining our relationships with our vendors and business partners and serving our customers as usual. We remain committed to providing critical voice and data services and ensuring customers realize the maximum benefit in transitioning to next-generation technology solutions and premium broadband services.”


Windstream has received a commitment from Citigroup Global Markets Inc. for $1 billion in debtor-in-possession (“DIP”) financing. Following approval by the Court, this financing, combined with access to the cash generated by the Company’s ongoing operations, will be available to meet Windstream’s operational needs and continue operating its business as usual.


Oh—> “Windstream did not arrive in Chapter 11 due to operational failures and currently does not anticipate the need to restructure material operations,” Thomas said. “While it is unfortunate that Aurelius engaged in these tactics to advance its returns at the expense of Windstream, we look forward to working through the financial restructuring process to secure a sustainable capital structure so we can maintain our strong operational performance and continue serving our customers for many years to come.”

[linda1]

Where did you read that at?


Here is what Windstream actually stated:


1. What will happen to the company’s
common stock that I own? Will I receive
any compensation if the stock is cancelled?

It is too early to say what will happen to
Windstream’s common stock as a result of
the court-supervised restructuring process.

Often, however, the common stock of a
company in Chapter 11 proves to not have
value and is cancelled upon the company’s
emergence from the court-supervised process.

As a result of Windstream’s filing for Chapter 11,
shares of our common stock will no longer
be listed on NASDAQ, beginning on
Wednesday, March 6th. Our shares will continue
to trade on the OTC “Over-the-Counter” Bulletin
Board, or “pink sheets,” beginning March 6
under the symbol “WINQ.”


https://windstreamrestructuring.com/investor-faq/