 mr seanProfessional InfidelPremium,ExMod 2001-07
join:2001-04-03
N. Absentia
kudos:1
 ·Clearwire
| Translation said by statement :
...we have been unable to fully implement our operating plan for 2009 and effectively compete in the marketplace, which we believe is having an adverse effect on our business, financial condition, results of operations and liquidity, as well as our ability to continue to comply with the financial covenants in our credit agreement.
That's why I sometimes answer the phone myself. said by statement :
We have initiated discussions with our debt holders regarding a more comprehensive and permanent restructuring of our current capital structure to reduce indebtedness and debt service obligations. We are considering all other restructuring alternatives available to us, which may include the commencement of an in-court resolution under chapter 11 of the U.S. Bankruptcy Code, with or without a pre-arranged plan of reorganization.
We're screwed. said by statement :
If we have to restructure our debt through chapter 11, it’s important to understand that our customers will not experience an interruption of service nor will we slow our efforts to improve those areas where improvement is still needed.
You're screwed.
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