Sunedison Inc. (fka SUNEQ)

[taniag]

The judge just wants shareholders to get a more complete explanation in the new disclosure statement from the debtors that the UCC is already aware of. The shareholders have no cards to play because as long as the judge feels the explanation is sufficient, he will approve the disclosure statement. Ancela already is setting the expectation for the FB group that the disclosure statement will be approved. The junior creditors have no incentive at all to team up with shareholders. They are fighting for a slither of the pie (probably less than the current market cap of SUNEQ stock at $14M) while the shareholders are fighting for more than $0.05 a share I'm presuming. I would love to read an example where jr creditors and shareholders teamed up during a bankruptcy to fight sr creditors.