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taniag

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taniag

Re: HumanTyphoon post# 35322

Tuesday, 07/18/2017 1:16:02 AM

Tuesday, July 18, 2017 1:16:02 AM

Post# of 36208
Lol, the deal with GLBL saved SUNEQ from filing for 5 more months. SUNE shot up 40% on the GLBL deal announcement. Without the deal, SUNEQ would've defaulted on November 25, 2015 as it was margin called when TERP fell below $15. With cross default provisions and a cash shortfall, they would have had to file for bankruptcy in December 2015. Senior execs would have been indicted. The irony is if that had happened, at least shareholders had a clear case for a class action lawsuit. Now the bone has been picked clean.
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