Thread regarding Windstream Corp. layoffs

Reverse Stock Split Coming

Per latest Proxy filing for upcoming shareholder meeting. 5:1 reverse split to be voted on:

"To approve an amendment to the Certificate of Incorporation of Windstream to: (i) effect a reclassification (or reverse stock split) of Windstream common stock, par value $0.0001 per share, whereby each outstanding five (5) shares of common stock would be combined into and become one (1) share of common stock and (ii) reduce the total number of shares of common and preferred stock that Windstream may issue from 375,000,000 and 33,333,333, respectively, to 75,000,000 and 6,666,667, respectively;"

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| 1827 views | | 6 replies (last April 25, 2018) | Reply
Post ID: @OP+SCOUBHX

6 replies (most recent on top)

They are ending the employee stock purchase program.

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Post ID: @feuo+SCOUBHX

Reverse splits never end well,stock price will settle back to where it started and stockholder will end up with 1/5th of what they have now. It happens pretty fast too.

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Post ID: @fduc+SCOUBHX

At least our share price will be higher and we won’t get delisted from the exchange.

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Post ID: @4dsn+SCOUBHX

Meh. We buy some time before third quarter bankruptcy.

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Post ID: @1uro+SCOUBHX

Yes, share holders will vote on this issue 5/31. Expect mixed reviews from wall street on this. As others have posted reverse split never ends well. All this will do is buy some time to refinance the company and spin off assets and debt.

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Post ID: @tls+SCOUBHX

ok...this was announced weeks ago...anything new

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Post ID: @xid+SCOUBHX

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