Sunedison Inc. (fka SUNEQ)

[PeanutR]

November is coming. What date is this going to stop trading per the court ruling?

[Top Penny]

What news? There is no news to come other than the cancellation of shares. The judge has already explained why shares will be cancelled. There is nothing left.

[kingsransome]

gonna run boyzzzzzz,,,hold tite myop $$$$

[BayTrader280]

Creepin' up on low volume, news coming? November? Coming to an end soon.... Good or Bad ;)

$suneq

[bleu22]

LOL

[BayTrader280]

General Electric is seeking a turn around....

$SUNEQ

[Doubledown75]

Great advice thanks TP

[Top Penny]

Trade away, help yourself, this could be cancelled at anytime, to risky.

[Doubledown75]

So what your saying is, if this pops before November 15th and you already sold prior, you don’t get any gravy?

[Top Penny]

I don't foresee a pop in price before then, if anything just a slow bleed down from here.

[FEED_THE_FOXES]

According to the "5th CRO Report", if all conditions precedent are met, SUNEQ is currently scheduled to go poof on November 15th, 2017. The two major conditions are the completion of the GLBL merger (shareholder vote on November 13th) followed by the First Offering participants kicking in $300 million. While there may be a delay of a few days to process all the paperwork and funds flows players now have a timeline to work with.

[MasterBlastr]

Exactly.

[Doubledown75]

I think we are on fact 5 in this article.
https://www.thestreet.com/story/10870188/1/trading-a-stock-in-bankruptcy-5-facts.html

[MasterBlastr]

Confirmed on July 28 - didn't you read that? Confirmed = finalized. When POR goes into effect the shares are cancelled. Right now POR has been finalized but has not gone into effect. Any price fluctuations from now on is just traders playing hot potato with a turd.

[MasterBlastr]

It is - equity is far too far out of the money. No shot, no sense in even trying.

[Top Penny]

I read it but its not finalized yet, no doubt though shares will be cancelled. The judge has already explained why shareholders get nothing, it's a done deal.

[MasterBlastr]

Did you read it ?

[MasterBlastr]

Fighting the POR is much more than anything anyone here could ever do. Penny traders posting their little tootsies off won't do squat.

[Top Penny]

You know I'm not in SUNEQ right now, but if I was I would be putting up a fight on the board and objecting to the current POR with the courts. It seems longs no longer have any fight left in them, this board is a ghost town. Where is your heart? Have enough dignity to defend SUNEQ if you are truly long the name. Perhaps there is nobody left who believes and this is just a day traders play toy until shares are cancelled. It seems that way.

[Top Penny]

I got it, the POR hasn't been approved yet, it should be soon though. Once it's approved and shares are deemed cancelled look out below!

[MasterBlastr]

Did you see the message before the one you wrote?

[Top Penny]

Once the POR is finalized this will sink like a rock, shares being cancelled will be official then.

[MasterBlastr]

The POR was filed, amended, and approved all earlier this year. Its all here.

https://cases.primeclerk.com/sunedison/

[Top Penny]

Are you no longer in SUNEQ? Have you abandoned ship?

[Top Penny]

Talk about a dump fest today, hitting a low of .016! I look for double zeros soon.

[Top Penny]

You are long SUNE even though you lost big in the past? I'm intrigued, what makes you think commons have any chance of survival?

[Top Penny]

I just don't understand what shred of hope some folks are holding onto? There is nothing left.

[Top Penny]

Even if this Corning guy is looking at / working on purchasing SUNEQ's Texas industrial site for $21million, what is there to get excited about? SUNE will still be far short of paying off their creditors, creditors have to be fully paid before shareholders receive anything? I don't understand the hype? If someone can explain the excitement over this?

[Yellow shoes]

Then why do you seem so discontented?

[Top Penny]

Nobody ever shows up to defend this steaming pile and or give a reason as to why commons will survive. The judge has came out and explained why commons are doomed. No attorneys are representing shareholders. Nobody is arguing against the cancellation of shares with the current plan of reorganization. Yes sir, it's pretty much a done deal. Commons are doomed. Where is the hope?

[Top Penny]

What is all this talk about this Corning guy? I haven't been following this ticker very closely, can someone bring me up to speed? Thanks.

[Top Penny]

This board is a ghost of its former self as SUNEQ's fate has been set. I don't foresee another run here, rest in peace SUNEQ!

[Top Penny]

Agreed, it looks like most here have realized their fate, commons are roasted, toasted and burnt to a crisp!

[MasterBlastr]

Yep even the Flat Earth Society eventually threw in the towel a while back.

[Top Penny]

I noticed we never see anyone here claiming commons will survive, I guess folks finally get the bigger picture and realize there is no hope for commons. It's about time lol.

[Top Penny]

This is headed back to double zeros, cancellation of shares will happen shortly after.

[johnydollar]

I think of time wasted as time that you have done nothing about a situation.

[johnydollar]

I would like to send an objection then, will that help.

[Top Penny]

Shareholders have no voice in this BK, the judge has made that apparent, even if we all object to the plan or reorganization it will fall on deaf ears, it's a waste of time.

[Top Penny]

Listen, there is no need to be able to tell the future, the courts have already told you the future. Nobody is objecting to the cancellation of shares, so even if a new plan of reorganization is submitted the cancellation of shares won't change, that part will stay the same because there are no objections to it. Shares will be cancelled with certainty.

[johnydollar]

I wish i could tell the future, but all i can say is wait.

[Top Penny]

It's your money, but soon shares will be cancelled and all those holding will realize 100% loss.

[johnydollar]

If i had nothing to lose then why lose sleep about it.

[Top Penny]

Yes but the part you are missing is nobody is objecting to the cancellation of shares, that is not the part that is being disagreed upon, do you understand that?

[johnydollar]

The horse also said ;

upon the effective date (the date the company emerges from the chapter 11 proceedings), all shares in the current company will be deemed to be cancelled. At this time, the effective date has not been determined as the Plan confirmation has not occurred.

[Top Penny]

This is straight from the horses mouth...

Pursuant to the Plan of Reorganization and the Disclosure Statement, upon the effective date (the date the company emerges from the chapter 11 proceedings), all shares in the current company will be deemed to be cancelled. At this time, the effective date has not been determined as the Plan confirmation has not occurred. You may view the Plan and Disclosure Statement on the Prime Clerk website here:

https://cases.primeclerk.com/sunedison/Home-DocketInfo?DocAttribute=2751&DocAttrName=PANAMP%3BDISCLOSURESTATEMENT

It doesn't get much clearer than that and nobody is objecting against the cancellation of shares, it's a done deal.

[johnydollar]

Well then, let's make money in short order.

[Top Penny]

This will all be over in short order so if it's going to do anything it better do it quick before shares are cancelled.

[johnydollar]

SUNEQ has gone from 0.005 to 0.035 a good 600% , can it pull another from 0.02 to 0.12 we will see...

[Top Penny]

If you look at the trade tape and look at all the buys today, they have all been small, just a bunch of small time retail dreamers hoping for a miracle here, nothing more. Folks holding will lose everything soon once shares are cancelled.