Stock just fell off a cliff even more than it had. Was something announced?
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https://www.bloomberg.com/news/articles/2019-02-25/windstream-said-to-prepare-bankruptcy-after-losing-default-case
Trading halts are typically enacted in anticipation of a news announcement, to correct an order imbalance, as a result of a technical glitch or due to regulatory concerns. When a trading halt is in effect, open orders may be canceled and options still may be exercised.
Stocks are frozen right now too whatever that means.
Supposedly Bloomberg said we are preparing to file BK. Can’t find the article just found reports on twitter and seeking alpha.
Getting ready to file bankruptcy so large positions of common equity are getting out at anything above $0.
Must have defaulted..wait that already happened.