Sunedison Inc. (fka SUNEQ)

[MasterBlastr]

Nope . . . some else owns them, and are just using their name.

[downandoutthanksd]

who was dat? I thought dey'd issue dere own again and keep goin'.

[MasterBlastr]

I think you have to buy stock in the company that bought them out.

[downandoutthanksd]

yeah but, new ones to buy? maybe den dey'll come out on top.

[Top Penny]

There will be no new shares issued to shareholders, it's all over. Those holding got to eat a 100% loss!

[k9narc]

You didn't get yours yet?

[downandoutthanksd]

when will da new shares be issued?

[MasterBlastr]

Yep. Amazing how many have been running around the last few months not knowing this was going to happen.

[FEED_THE_FOXES]

Thanks for the post. I see they filed with the SEC at 16:00 EST. The Fat Lady finally has her day!

[Renee]

SUNEQ (and SDSNQ, Preferred Series A): BK PLAN effective. All shares cancelled.

http://otce.finra.org/DLDeletions

[oak4life20]

SunEdison emerges from Chapter 11 restructuringhttp://www.seekingalpha.com/news/3320483

[Anty_Jr]

Termination of Registration of a Class of Security Under Section 12(b) (15-12b)

https://www.sec.gov/Archives/edgar/data/945436/000134100417000795/15_12b.htm

[FEED_THE_FOXES]

Could be some confusion here. Terraform Global public shares were cancelled yesterday following its merger with Brookfield. Brookfield's press release and filing with SEC today indicate such. But SEC still does not show any SunEdison cancellation filing as of yet.

[bigee]

Wow they actually did it.

[ToTravelForever]

Shares got canceled

[bigee]

Suneq not showing on my list anymore on scottrade. What happenened?

[FEED_THE_FOXES]

If true it makes sense. Brookfield closed and funded the acquisition of Terraform Global yesterday. Now with all the cash on hand at SUNEQ, the DIP lenders get paid off and the token cash left will get split as dividends amongst the remaining secured Creditors as the NEW SUNE Shareholders.

[RedSox04]

Why buy

[Anty_Jr]

FINRA Delete Effective 12/29/2017 at 09:48:15 Bankruptcy Plan Effective/Shares Cancelled

[ernie44]

free l2

http://www.otcmarkets.com/stock/SUNEQ/quote

[ernie44]

[img][/img]bad replay

[MasterBlastr]

LOL you don't understand what that says . . .

[mds3579]

why are they asking to cancel only unsold securities not all. Did you read this filing. How do you know that they will cancel all securities and will not give anything to old shareholders?


"the Company hereby removes from registration all of such securities of the Company registered but unsold under the Registration Statements, if any,"

[MasterBlastr]

Right. But old equity will not get any new Sun Edison shares. You get zero. The End.

[Fangster]

I think Top Penny can speak to the reliability of this so called source.

[FEED_THE_FOXES]

A company cannot exit Bankruptcy until it has completely executed its POR and been "Fully Administered" by the Court. SUNEQ's POR calls for the cancellation of OLD SUNE Shares and the issuance of NEW SUNE Shares. It is a pre-exit condition.

The current delay in SUNEQ exiting Bankruptcy can be attributed to the GLBL sale postponement which has been precipitated by the delays in the $57 million District Court claims settlement closure, a condition of the GLBL sale.

[creyno58]

So true and thank you.

[PeanutR]

What a POS company and CEO. I'm glad they filled BK.

[PeanutR]

This one is toast. I bet this will stop trading in another month.

[MasterBlastr]

Company cannot change their share structure while in bankruptcy. Its the law.

[HumanTyphoon]

I really don't have an answer to this question. What would be the pros or cons of expending shares before or after the new year from $SUNEQ view point.

[k9narc]

Selling off subs to pay crediters.....soon it will all be gone.

[Lorcan458]

Not sure what to make of this. SUNE has, I believe, hundreds of separate wholly or partially owned subsidiaries all over the world. This looks to me like they are selling off one of them. Anyone have more or better info?

BOITIZPOWER International Pte. Ltd. (AP International) signed a share purchase agreement with SunE Solar B.V. (SunE Solar) for the acquisition of 100 percent equity interest in Sunedison Philippines Helios BV (Sunedison Philippines). The offshore execution of the deed of transfer is subject to certain closing conditions under the SPA. In 2014, AboitizPower, through its wholly-owned subsidiary, Aboitiz Renewables, Inc. (ARI), entered into an agreement to develop solar photovoltaic projects in the Philippines. SunEdison Inc. (SUNE), the ultimate parent company of SunE Solar and Sunedison Philippines, and ARI invested in Maaraw Holdings San Carlos, Inc. and San Carlos Sun Power Inc. for the 59-MWp solar project in San Carlos City, Negros Occidental.

Read more: http://www.sunstar.com.ph/cebu/business/2017/12/21/ap-intl-acquires-sunedison-580740
Follow us: @sunstaronline on Twitter | SunStar Philippines on Facebook

[mds3579]

Last paragraph of the security filing.


As a result of the Chapter 11 Cases, the Company has terminated all offerings of securities pursuant to the Registration Statements. In accordance with an undertaking made by the Company in the Registration Statements to remove from registration, by means of a post-effective amendment, any of the securities that remain unsold at the termination of each offering,

"the Company hereby removes from registration all of such securities of the Company registered but unsold under the Registration Statements, if any,"

as of the date hereof. Each Registration Statement is hereby amended, as appropriate, to reflect the deregistration of such securities and the Company hereby terminates the effectiveness of each Registration Statement.

[Lorcan458]

I see a mention of MEMC...would you mind educating the newbies as to what this means?

[mds3579]

POS AM 1 pos-am.htm POST EFFECTIVE AMENDMENT TO S-8

check latest security filings and find out more.

[Top Penny]

Shares are doomed!

[solarules]

what is Club 33?

[solarules]

I wouldn't call 10% on 2 mill. shares, maybe $30,000, a big move. Probably just flippers reloading for a few days gain, then dump. a big move would be like 100 million shares, followed the next day by 200 million. then you know someone knows something. it could be months before this is resolved. Isn't the SEC looking into illegal activity? that could take a long time.

[F1Greenwest]

I thought the same, but here we are...waiting for the merger, the judge gave the ok. I don't know what they're waiting for ...

[bidrite]

I thought these shares would be canceled soon. Anyone know why the big move today?

[Narcissistic Nostalgia]

Hopeless scam. Longs living in a delusion. They will never see any recovery of investment from this stinky piece of shit

[Hymes]

That's not what my friends at Club 33 are saying!!!

[mds3579]

GE energy Financial Services and renewable energy. some interesting companies are there in the list.

http://geenergyfinancialservices.com/industry-focus/renewable-energy

[Yellow shoes]

I choose optimism!

[Emptyhead]

Yeahhhhhh.., baby ;)

[HumanTyphoon]

I didn't say I was the only one. I'm actually calculating how many shares divided by company value and factoring in the new deals and current path. They were supposed to cancel on NOV 22 said by the letter of intent unless something change. The merger was approve NOV 14 and I believe something is in the works. I'm just going by what they say and their partners say. I don't believe they have the legal ability to cancel any more. Am I wrong? maybe. But it sounds like the only thing you are going on is pre merger deal. Even though they have gotten other contracts and other deals since. Maybe being pessimistic works for you but if my optimism for the possibility of a bright future for the sun is correct it will pay off. If it doesn't work out i wont be betting with more than I'm willing to loose.

[Top Penny]

Oh come on now, so now you claim to have insider information and nobody on Wall Street except you knows shares won't be cancelled? Is that what you claim? Please.

[ernie44]

rock bottom has hit the SUN

[mds3579]

Job cuts in GE traditional power.

https://www.thestreet.com/story/14413758/1/general-electric-plans-massive-job-cuts.html


May be reinvestment in renewable energy.

https://www.ge.com/reports/amazon-turns-ge-wind-turbines-power-business/