Thread regarding Avaya layoffs

Move over Chapter11, #Avaya #Chapter7 is a REAL Probability now!

Did anyone read the fine details in the Q1 SEC Filing where Avaya reports they still don't have a handle on the financials going as far back as April 1, 2022?

AVAYA HAS LAID OUT THE CASE THAT FULL LIQUIDATION IS MOST LIKELY

It also indicates it could liquidate domestic subsidiaries. Not ALL SUBSIDIARIES. This further explains Nidal's new role. In all probability, Nidal could spin off as an independent organization with a total separation from what was Avaya.

Time to come to terms that those posts that most of us called scar tactics were in fact SPOT ON and the worst-case-scenario that others have listed out about what the REAL REVENUE is and the boderline criminal actions of most leaders are all TRUE.

No need to buckle-up. It is a Free Fall from here on out.

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Post ID: @OP+1l74LqdL

9 replies (most recent on top)

The aggressive Gaslighting is pathetic. How in the world can anyone say the following:

  • Zero Substance to this Post ( EXCEPT FOR THE SEC FILING that STATES THIS POST IS 100% ACCURATE )
  • The Board of Directors has Secured 700m in Funding ( NOT POSSIBLE without an SEC 8k Filing Disclosure, which doesn't exist

Time to start READING what is REAL and stop gaslighting to claim otherwise. What is filed with the SEC is as real as it gets. WHAT DOES IT MEAN? Well, we can speculate within parameters.

  • THE CFO was hired as part of Apollo's agenda. CFO has an agenda. CFO WANTS Bankruptcy per Apollo objective. CFO wants to discredit the legal filings from the lenders as that filing throws a wrench in Apollo's plan as it will compel those named to DISCLOSE FACTS that Apollo doesn't want disclosed. This starts the clock. It is a race. Can the lenders force them to disclose facts before Apollo can get the hired g-n CFO to execute forced Bankruptcy?
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Post ID: @2rdc+1l74LqdL

BOARD=APOLLO
The problem with your claim that the board found the mystery money (which has. Somehow grown to 700m even though Avaya is in this situation because they borrowed 600m at loan shark rates) is one significant fact

BOARD=APOLLO
Apollo is who engineered Avayas demise. Masarek is giving his all to out-maneuver the corrupt Apollo-bought board.

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Post ID: @1mrd+1l74LqdL

All these comments are from Apollo trolls trying to create more FUD, AVAYA will be fine the board has secured €700m in funding from the rainy day fund 😀 no need to worry anymore Apollo are finished

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Post ID: @1sfr+1l74LqdL

AVYA Dubai is a criminal enterprise- JC former CEO learned how to get away with fake deal fraud from NAL, but JC was a bad/careless/sloppy student. NAL and the Dubai Mafia had far more control over International accounting/obscure random funding than JC with fewer PWC eyes looking over his shoulders, but it will all come out sooner or later. Motive beyond greed: JC was desperate with $Ms in personal real-estate debt owning another bankrupt company (Google it).

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Post ID: @1shi+1l74LqdL

😂😂😂😂🤣🤣🤣
BELLY LAUGHS

We now learn that here has been a full-blown SEC INVESTIGATION Since August. Which means..... 🥁 Roll...
The SEC Investigators have been watching the Marketing Spin game this entire time. Every post. Every deliberate deflection to misinform the public. Ever ridiculous marketing personality self-absorbed tweets are now part of a government investiation. Oh I can't wait to pull those government records once the case is closed and laugh at who landed in their file!

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Post ID: @1zei+1l74LqdL

As previously disclosed, each of the Company’s term loan facility and ABL facility contains a covenant that requires the Company’s (or Avaya Inc.’s) audited financial statements be provided to the applicable lenders on or before December 29, 2022, which audited financial statements shall be audited by an independent registered public accounting firm of recognized national standing whose opinion shall not be qualified as to the scope of audit or as to the status of the audit entity and its consolidated subsidiaries as a going concern (other than an exception with respect to a current maturity date of any indebtedness or any actual or prospective default of a financial maintenance covenant). Such audited financial statements have not, as of this date, been delivered to the applicable lenders. The Company has 30 days to cure a failure to deliver such compliant financial statements after receipt of written notice from the administrative agent of the applicable facility. As of the date of this notification, the Company has not received such notice. The Company continues to have constructive dialogue with its creditors about the parameters of restructuring the Company’s capital structure, which may likely be effectuated in the near-term and take the form of an in-court restructuring for the Company and its domestic subsidiaries.

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Post ID: @glm+1l74LqdL

ACTIVE SEC INVESTIGATION THAT THEY NOW CLAIM THEY'VE PREVIOUSLY DISCLOSED? HOLY CRAX! THE MANIPULATION NEVER ENDS!

The only time they referenced Notifying the SEC was directly related to Whistleblower which they claimed was closed. They NEVER reported that there was ever an ACTIVE INVESTIGATION independent of Whistleblower.

"Following the Company’s notification to the SEC of the Audit Committee’s investigation, as noted in the Company’s Q3 NT 10-Q, {NOT TRUE} the Company has been fully cooperating with the SEC’s investigation, which the Company expects to remain on-going for some time."

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Post ID: @bdh+1l74LqdL

Totally agree, it's looking epically bad now. Today's SEC report is a shocker. We all know Q1 FY23 was a disaster and Q2 FY23 is shaping up to trump Q1 for badness.

Although I understand your thinking about Nidal those of us poor souls that have to work with him and the mafia day in day out know that a seperate company with Nidal at the helm would sink quicker than the Titanic !

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Post ID: @irm+1l74LqdL

There is 0 substance to this post. It's someone shorting the stock and hoping for movement.

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Post ID: @akz+1l74LqdL

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