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I will happily take a $0.029, near HOD close.
Let's see what power hour will do here at SUNEQ land!!
Looked like so yesterday.
I feel sorry for the seller at 0.0014.
Trade it safely as trading can stop any time..
Most probably shorts-covering before eventual shares-cancellation...
Well done! Congratulations!
That's what I did.
Nothing wrong with profit taking.
You could leave some on the table to see how things play out. I think we could break $0.03.
Why the run? SUNEQ shares are going to O and new common shares will be issued coming out of BK
Smart man, I'll take your advice.
So just trade the bounce and look for another dead cat bounce.
So many Q stocks make the dead cat bounce then finally relinquishes. Not in but watching.
Yeah well I didn't sink with this ship sorry bud.
most still in red.. i doubt it
Feeling like a god. Bought at .007. Have my sell in for .03. Bout to buy mad hookers tonight my wife will be so happy
Empty: Such flattery! You are so sweet. Since the days of this Board are numbered I'll give you my deal. Retired banker with +30 years most of which were in the renewable energy project financing business and transportation industry. Now living in rural Maine with ocean views. I use a different moniker for every board. My investment focus is cash flows, leverage and debt service coverage. Patience is key. Due diligence is paramount. I only get active in 1 of 10 companies I review. I try to hedge all bets. I target poor performers and wait for quantitative benchmarks to be met then pounce. SUNE was a gift for 5 months beginning July 2015. On the top of my current 2-3 year list is that car company we discussed months ago. Best of Luck to you. It has been fun.
$0.025! Woohoo! $0.03 here we come!
Shorts are covering. This will fall back watch.
$0.024! 110% gain today. Nice.
Everyday closer to the well. https://www.law360.com/articles/957075/sunedison-seeks-ok-of-5-75m-aig-deal-over-fire-damage
SUNEQ might see dollars soon.IMO
$0.021 and approaching HOD. It may be an extended ride!
$0.02!!! Enjoying the ride. Looking for sell target.
I'm referring to a quote made by the BK JUDGE. Anyone buying is praying for some kind of judgement against sune that someone might pay on. This is folly!!!!
ANYONE BUYING POSK BK WILL NEVER SEEN A DIME EVEN IF BY MIRACLE SOME KIND IF JUDGEMENT IS ACTUALLY PAID.
This is a fools errand - period!!!
It's only over when DOJ says so, they might be close to finding the loot!!
Judge basically said commons are screwed no matter what. Stock jumps up over 100%. Lol.
So thats it; You are Attorney for the Debtors.
DD75: The most likely reason for the spike is a long term gamble that the multitude of civil suits to follow will find a culpable deep pocket that has to pay commons something. The risk is that all commons held from both before and after the bankruptcy filing get compensation. IMO, chances of any recovery for Old Commons purchased post bankruptcy is zero.
Civil Courts generally take the position that only those shareholders who were damaged during the period in which they were entitled to financial disclosure and didn't get what was required are due damages for debtors failure to comply with law.
The commons trading activity that has occurred since SUNE's filing is largely attributable to those without the business acumen necessary to understand what went wrong with SUNE and how bankruptcy works. You can put them in the same realm as the people who like to play the "one armed bandits" in Las Vegas.
Filling the gap to .03, then most likely coming back down, maybe not for long, but it'll probably re-test support..
lol thanks man. Damn brother. Good luck
Pump it to $8 so I can break even please lol
Nice call by the way
Oh hey good call hwpbnj.
Somebody spiked the punch here.
I don't understand if everything is cut and dry on commons receive nothing and court has already ruled, why is this still trading??
And why a pump now?
HT: The Judge has affirmed to a shareholder (Docket #3916) that the POR has been affirmed and is being executed. He states that Old Shareholders get NOTHING from bankruptcy proceeds.
The POR states that SUNE/SUNEQ gets cancelled and replaced by New Commons which ALL goes to Qualified Creditors. TERP/Global then get sold/merged to Brookfield which means all sale proceeds go to the Qualified Creditors. New SUNE winds down for 2-3 years so they can collect projected bonus payments on projects sold that exceed expected performance criteria (total projected proceeds less than $100MM).
SUNE never had $24B in assets based on control (full ownership). Their Filings were based on GAAP Rules for Consolidation which means that any ownership they had in a third party entity got put on their books at 100%. Almost 75% of their 9/30/2015 Asset Balances didn't belong to them. Caveaat Emptor to investors who didn't understand FASB. Corinne Bell of the NYLR may be an expert in bankruptcy law but she doesn't know shitt about financial reporting. Her opinion this week was ignorant of fundamental financial reporting under GAAP. The MOR disclaimers clearly stated that they didn't comply with GAAP every month.
SUNE's fall was precipitated by its incompetent understanding and control of cash and cash flow. They thought money controlled by its consolidated entities was theirs. It wasn't and Gaynor tried to tell them in 3Q2015 before the company went south, and he should know because he made the same mistake at First Wind.
The only material unknowns at this point are timing related. Check my SUNE posting history. This bankruptcy has been predictable since April 2016.
Remember Don't drink the Kool-Aid!!!
But it just isn't! You are referring to articles written by normal unaffiliated people who are making assumption and could not possible know the inner workings. Most of whom have been completely wrong the entire time about every scope and reasoning of the BK to begin with. The only facts that any one out side of Sun or Tera knows for sure is that they are consolidating and restructuring so they can continue operations by Nov 15. I have not spun anything. I am going off of PRs put out by the company and letters I get in the mail because I own their stock. Its really just my opinion based on the same info everybody else is provided minus the the assumptions of others.
HT: the BK is on record stating commons will get nothing. Really, your spinning your own reality here...
Its also true that the debtors never shown up to the court hearing. I remember that day very clearly. The judge even said that there claim was forfeit. So the only ones they owe is Tera Global. The same company that they are merging with and converting there shares to. Its all very well documented and I have been watching it very closely. I truly believe there are going to be a lot of surprised people.
That's what I've been saying. No body ever came out and said its over except the people making assumptions. They haven't even calculated everything up yet. They only have an ok to exit chapter 11. I get that people want to make the safest bet. But there is no factual info at the current time for either case. Only hear say. I think more people are coming to the realization of that.
Essentially no if it keeps going up.
You're telling me. I own a garbage company :)
Garbage turns into cash after you sell.
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