Nothing released pre opening. What's happening?
8 replies (most recent on top)
Too much debt. Too little revenue. There will never be a big enough profit to clear the debt. The same problem since Silver Lake took Avaya private.
FACT: They can't hide the required disclosure of financials for much longer. Facts will be shared and known for the world see, no matter how many pre-paid articles, pod casts or promotions they release
The reason people speculate is because of the scope of overall value and investors to plan. Yet no promotional spin is going to change the fact that the 10q needs to be filed with the SEC eventually. Same with the 10k (officially due today, yet impossible without the 10q from Q3, so that will likely fall in to the extension available to Avaya).
There is not enough focus on the Board of Directors. How are these people not accountable to shareholders? Doesn't NYSE and SEC have safeguards and penalties? More pressure needs to be put on the Board of Directors and their responsibilities.
Why are they holding Alan Masarek back from leading Avaya? What is BOD agenda?????
Oh happy days, it's beginning to look a lot like Christmas.
Jimmy C is enjoying his bonus.
Since May 10, Avaya and any Avaya champions should be most skilled at eating humble pie. However, there are several who still don't get it.
New CEO is strong. Yet he does not walk on water. He is human. And he was not the person who "invented" the excessive spin of the entire marketing team and executive suite of the past 3 years (specifically...prior to 3 years ago Avaya marketing was actually pretty solid. It has been like watching a reality clown show since early-mid 2019) which led to total market shock in July.
Avaya does not have 100 million clients. Avaya has no where near the implied reoccurring revenue from the early 2022 reports. A wake-up call of what is Avaya's new normal is coming. The wise are aware. The others will be stunned
Only 1 direction avaya shares are heading,
Q3 was a wake up, Q4 will be a nightmare and FY23 will take this business so far backwards in revenue that another $250m saving will be required.
You can tell who does not work at Avaya
@Wall Street Bets
Load up if you can once in a life time opportunity to make a ki----g this beast is going to $21 a share before the holidays
They have yet to schedule an earnings date (it was Nov 22 last year).
Tomorrow is the SEC deadline for the 10q extension (Q3 10q that has yet to be filed), however they can continue to another extension through mid Dec.
Nov 30 was the arbitrary deadline the Lenders placed on Avaya submitting a 10q. If the Lenders are satisfied with what Avaya has shared, then that deadline may have been lifted.
Technically, Avaya can continue to string us all along if they wanted to. Yet that would just tell us the Board of Directors are still at war with one another. And if we don't hear anything by Wednesday, then we need to brace for the possibility that the "pro bankruptcy" people on the board are possibly gaining steam. Every minute this week is significant. Every market close will have us all anticipating an 8k update. Every Pre Market will have us refreshing our browsers. As the hope for Avaya rebuilding stand alone evaporates if we don't get news on filed 10q & debt deal before Thursday.