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It seems like the pain for Frontier's (FTR) shareholders just wouldn't end. There’s talk of the beleaguered telecom giant possibly heading for major reorganization, which could include filing for bankruptcy. Frontier’s investors also have a totally different risk factor to deal with, a potential reverse stock split, if its restructuring doesn’t materialize and its shares remain listed. I believe these risk factors will potentially drag Frontier’s shares even lower in the coming weeks and wipe out even more shareholder value in the process.