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The beginning
It all began back in 2003, so yes, 18 years ago a company named Norlight Telecommunications firmed FIBER OPTIC EXCHANGE AGREEMENT AND GRANT OF IRU with our friends from SEC.
Source: https://www.sec.gov/Archives/edgar/data/1359898/000119312506178560/dex108.htm
Do you remember the dark fiber suspension back in May? Right after the suspension we had a massive price action and run up that resulted in a peak back in June? Keep this in mind.
Chapter II
The year is 2007, Q-Comm Corp announces the acquisition of Norlight Telecommunications, our Chimera born.
Source: https://www.ibj.com/articles/7816-q-comm-closes-norlight-telecommunications-acquisition
Chapter III
After 3 years, in 2010 Windstream Communications acquires Q-Comm Corp
Source: https://www.telecompetitor.com/windstream-acquisition-engine-continues-buys-q-comm/
The forced takeover plan
Now the year is 2015 Windstream Communications begins to suffer from short attacks, how do I know this? Volume my friends! Volume tells you a history, look at the chart below:
Can you see that all of sudden the red volume bars are growing? This is the anatomy of a short attack. Now take a look that they began back in 2015 and finished their job in 2019.
There is another factor to take into consideration, the company tried to scape the predators by issuing 2 stock splits.
Now you may ask me why do a stock split during a short attack?
Let Nasdaq answer this for you.
Source: https://www.wsj.com/articles/what-is-a-stock-split-and-how-does-it-affect-your-portfolio-11598616477
Did you understand? They tried to bring the price up which is bad for short sellers but in vain, the Hedge Funds doubled their attacks.
The path where everyone meets
Well my friends, it all comes to an end right? Huh, not yet.
In 2019 Windstream files for bankruptcy days after the rural telecom service provider lost a legal battle against Aurelius Capital Management over a spinoff of its network assets into a real estate investment trust.
Source: https://www.reuters.com/article/us-windstream-hldg-bankruptcy-idUSKCN1QE2CL
Aurelius Capital Management? Oh shit, it’s heading to Wall Street!
Who are they? Follow me!
Aurelius Capital Management is an American hedge fund. The company is run by Mark Brodsky, a lawyer formerly employed by Elliott Associates.
In October 2013, Aurelius attempted to force the government of Argentina to pay $1.3bn following the 2010 Argentinian default on debt. The fund is branded a "vulture" by Argentina for its stance.
Vulture is a good word to describe this fiend.
And now comes 2020, the pandemic year, where Hedge Funds wanted to profit the hell out of everything right? But they needed 1 piece for their puzzle, the entire control of the dark fiber system and complete take of the dark pool. How?
The Bonds are the answer
In June of 2020, a judge for the U.S. Bankruptcy Court for the Southern District of New York confirmed Windstream's plan for reorganization. That plan allowed Windstream to slash its debt by more than $4 billion and reorganize its governance, which includes naming some of its creditors to seats on the company's new board of directors. The reorganization plan eliminated junior bondholders who were owed close to $2.4 billion, converted some senior debt to equity and made Elliott Management Windstream's largest shareholder.
Everything converges with Elliot Management, but don’t forget that their former employee Mark Brodsky and now manager of Aurelius Capital Management destroyed Windstream with a legal battle.
They were in cahoots for a complete takeover of the company and paying literally pennies for that.
What about Elliot Management?
Elliott Management Corporation is an American investment management company. It is also one of the largest activist funds in the world. It is the managing affiliate of US hedge funds Elliott Associates L.P. and Elliott International Limited.
Oh boy, another hedge fund.
It’s the end right? Well, no!
Let’s talk about Paul Elliott Singer, he is an American hedge fund manager, activist investor, philanthropist and founder, president and co-CEO of Elliott Management. As of October 2021, its net worth was estimated at $4.3 billion.
We are almost there!
So, we have someone from the billionaire club right?
Tell me who you're with and I will say who you are
If you google about Elliot Management it’s fairly common to see them together with Citadel in other plays.
Conclusion
After a legal battle, Elliot Management used the bond market to takeover the control of Windstream, former company responsible for the dark fiber in the stock exchange. This was possible with the help of Aurelius Capital Management which is managed by Elliot’s former employee Mark Brodsky.
Elliot Management usually can be seen in cahoots in other plays with Citadel, which means they have complete control of the dark pool, because the dark fiber system is like the veins of the dark pool. They have access to data even before they hit the dark pool.
This is how big this Chimera have gotten!
I can assume that Gary Gensler as the chairman of the SEC knows about this and I would assume this is the main reason he called the DOJ.
This is too big for the SEC alone.
We fight for a better market, with clear rules and no corruption!
Edit: Both Paul Singer and Ken Griffin are among the top donors of 2022 to influence the votes. They both give money for Republicans, their names are on the position 29th. Check the full list on the link below.
Source: https://www.opensecrets.org/outsidespending/summ.php?disp=D
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