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BIG NEWS
https://pv-magazine-usa.com/2016/11/08/terraform-power-reveals-proposed-settlement-with-sunedison/
Under the settlement, SunEdison and all pre-transaction shareholders would receive equal value per share in the event of a sale, and SunEdison would make a one-time payment to adjust for unpaid minimum distributions to shareholders
If this means what I think it means, this is huge for sunedison shareholders
If you want me to be honest with you, i'm banking on dollars. Realistically i think we can see 50 cents soon enough. Novemeber will be a big month. Lots of key events happening. Sune reorganization plan coming out.
Many people here are waiting for a train that will never arrive. this will not trade under 13 cents EVER. I shit you not, trying to wait for an opportunity to save a few pennies will cost you big time. Once this starts running, there is no catching it. It will sprint so fast you will be chasing the bids HARD. Get in as low as possible but don't bet on this trading in the teens. Those who missed the train monday will literally beat their heads so hard when this runs to .50 and beyond.
SUNE will never be 10 cents again
This thing will never go below 13 cents ever again. If you have missed the train, you will be lucky to even get 16s or 17s. If you missed out, too bad. Load now before this thing takes off. It's only a matter of time before it starts running... and once it starts running, your bid will never be good enough to load up and you will end up chasing pennies after pennies. This will blast off soon and 35s will look cheap once it starts sprinting to dollar land.
I've got a strong feeling that suneq does not wanna go below 20 cents. I missed out on 17s and 18s but i got a decent amount at 20s. I think we can see an uptick tomorrow as well. So far the trading channel has been large enough to get in 1 or 2 solid flips.
Otcmarkets.com
You're welcome
Those who can be bold and hold with be rewarded with gold!
Hang to your shares while it runs!
It's simple enough. TP sold early and wants to get back in. The ones who oppose his sentiment are ones who held over the weekend and are banking on a gap up and run. I think we will see a gap up in the initial 30 min to an hour of market open with a decent pull back followed by a slow climb back up to new highs over the week. TP isn't wrong perse about a pullback but it wont be going down below .13 to .08 like he thinks. The lowest this is pulling back is .13 IMO. Good luck obe!
My friends and I at club 69 are betting on a gap up. Let's see who's club is right!
We won't see anything under 13 cents and this is my reasoning. Right now with the new developments regarding fraud, this opens up the possibility of an EC and this time the chances of it being approved is significantly higher. That speculation is already built into the pps. At this point i believe that the sentiment is that sunedison has risen from rock bottom and the ceiling that has been depressing the volatility of this stock has been lifted. IMO we will soon be breaking through previous resistance at .26. Good luck to all!
This. Who tf trades OTC without level 2 LOL. I think we know who doesn't have it though ;)
Awesome article! I'm holding my shares long and hard. Looking to add more as a speculative gamble here. Lets go!!
I'm currently kicking myself for not accumulating more at 5 cents.
Nice trade. I'm still holding my shares i bought at 7 cents from a week ago so im looking at a solid 100%+ gain. Go get em!
Sunedison didnt ipo last year
I agree. My friend bought in at 6.5 cents and sold for a loss at 4.75 cents while i've been loading at the 5 cent level for a while now. Last week this thing shot up close to 100% and i made an absolute killing. My friend is grieving about the missed opportunity and I can only say I told you so!
Exactly and here's the thing. Keeping TERP is extremely important to sune. Not only has the value of terp gone up, it will continue to climb. The biggest question for me is, why has sune all of a sudden changed its tune and want to keep its yieldcos? Before they were desperate to sell in order to pay off debts and many companies were lining up to bid on its stake in the yieldcos. Why the sudden change? What made them change their mind?
If i were to draw an analogy, it's like your average Joe trying to sell off the house to pay off debts. All of a sudden, Grandmother Mary passes away and leaves a giant inheritance. Will Joe wanna sell the house? Hell no!
I've read that sunedison BK is the biggest bankruptcy of 2016. I wouldn't be surprised if big institutions bail sune out whilst buying up large % of ownership in the company. It would be a significant return on investment as well as reviving a giant that will help bring them greater returns in the long run. Big institutions like BoA can afford a few billion $$$. It's nothing to them.
A lot is going on behind the scenes right now. Here are some of my personal theories.
1) All summer, there have been talks about selling sune's yieldcos, and the only topic of debate was how much $$$ will the sale yield. Last week all of a sudden sune says they want to restructure with TERP stake. Why? They are negative equity. Surely they need every dollar they can scrape together.
2) Rumours of Bank of America bailing out sune. Now before anyone mentions Miller or "the crazy guy" behind these dockets, let's entertain this idea. BoA has pledged heavy investment in renewables, and there have been rumours floating around not just from the crazy guy, but from other sources as well.
I won't mention any names or sources, but from what I've quietly gathered, in the off chance that sune is in talks with BoA or other institutions regarding bail outs, it would make perfect sense as to why sune all of a sudden wants to keep its yieldcos when they've been up for grabs all summer.
The market knows that sune restructuring with yieldcos hints at financial solvency. Why wouldn't it? They are in CH11 and alledgedly billions in negative equity. There is absolutely no reason why they would not sell off assets that they can, in order to cut down their substantial debts.
What I think is, there is a LOT going on behind the scenes that nobody here can fathom. I think we are in for quite a ride and a pleasant surprise. Look out for $0.20 coming soon.
Lol i was down 60% when this thing dipped after OEC denial. Today i have made back my money. I've been flipping this and went all in at .049. Today i made close to 70% return and im actually up a few dollars now. I think i'll celebrate breaking even today. :)
To which i have already rectified good sir. Have a nice day!
Shareholders are stakeholders but not all stakeholders are shareholders.
What is the difference between a shareholder and a stakeholder? ... A shareholder owns part of a company through stock ownership, while a stakeholder is interested in the performance of a company for reasons other than just stock appreciation. Stakeholders could be: employees who, without the company, would not have jobs.
Yes, and to those jumping on board in recent months should not just proceed with caution, they need a life vest and a life boat handy. Honestly, for those getting on board with "solar is the future and the company is too big to fail" mentality need a serious reality check. That is the kind of generalized thinking and rationale that leads to huge losses, and those people need to come to grips with reality and call it what it us; a blind gamble.
I too at one point used to think 20B Assets, 16B liabilities meant we had a golden opportunity. The further i read into this mess, and the further i nitpick their assets and MOR's, the clearer i see what a fraudulent mess sunedison is. It's a tragedy honestly. I hope we see some movement this month as well.
Yeah, but again, chapter 11 is still a form of bankruptcy and all immediate debts must be satisfied before commons see anything. Otherwise, we will be wiped and equity will be passed onto creditors in lieu of outstanding debts. I see what you mean though, chapter 11 is a protective time buy for the company's s*** hole of a situation whilst chapter 7 is a death sentence. Still, chances of equity recovering are slim. I am hopeful, but it is what it is, and we should treat the situation as such. I see too many on these forums claiming definitively that we will recover and that is just outlandish bull. Glta
You know I was down more than $20 grand on suneq when the price tanked after oec denial. I've been flipping this relentlessly since then and I'm only 2 more decent trades away from breaking even. Holding this when you're down is a losing strategy especially when you could be more proactive with your funds and let it roll back up to where you started. Once I break even and even make some, my plan is to buy a few shares with my profits and hold as a lottery buy. Just saying you can do something about your losses rather than sit idly by
Forever long? More like Forever wrong lol
That's a far better number than the $3B that I originally thought. I think $1B could potentially be covered if the stars align and pigs fly. Sune's stake in the yieldcos should bring in a pretty penny or two. Let's see how this unfolds. Till then I'm flipping this like no tomorrow
To quote girlfriend:
"Truth is/was….NOBODY knew or knows…still"
I used to think girlfriend held a short position in sune. It is clear to me now that she holds no position in it and is only providing objective opinions on sune. I believe what irks her are the pumpers who are completely married to the stock and are blinded by the sun to not realize the dire situation that we are in.
For some reason, people think that the solar industry doing well is somehow going to ensure the survival of commons. And then there are those who firmly believe that every asset on a balance sheet holds true market value and is sellable for liquid cash. It's as if they think that obscure assets like Goodwill can be sold to other companies for the hundreds of millions of dollars that it's listed for, and that "intercompany receivables" can be bid on by other companies for 7 billion dollars LOL.
I believe that sune's sale of its stake in terp and glbl will prove to be interesting and could be pivotal in defining sune's future. Also, the ongoing fiasco with vivint solar should produce some headlines. I would say that these two are the major items on sune's agenda we should be looking out for. Of course every asset sale that is made will be important as well. Go sune!
It's just appalling how some people think that "the booming solar industry" is going to magically save sunedison. I just don't see how some can be so blind to the fact that simple accounting basics A-L must equal a positive equity balance in order for commons to get ANYTHING. Even I wasn't THAT stupid.
It's even more appalling that people think we will emerge with zero dilution LOL. Even if we were to emerge with commons intact (which is very unlikely), dilution is inevitable. Drop the Q and pretend like BK never happened hahahahaha made my freaking day.
I've been there too so I know what that feels like. Now that I see the MOR and as BK commences, I start seeing the bigger picture and man it sure looks ugly. Girlfriend, you were right all along, and I was wrong. I just hope others can open their eyes like I did and realize in time to salvage their investments.
I agree completely with that statement. Nobody here knows 100% on how this BK is gonna play out. People who said that american airlines common holders were going to get wiped out 100% ended up eating their own words. It's what makes bankruptcy plays so interesting and yet so scary. If you watch BK stocks long enough you end up seeing just about everything. This BK just started and asset sales have only JUST begun. Who's to say they know anything with 100% certainty? I definitely don't.
Right on! Good luck to you my friend
No i agree with you. What I am saying is at this point with all that is going on with the BK process, chances are, commons will be wiped. There is still a chance we make it out alive, but keeping your shares stagnant is letting the market roll you over. Instead, what I am suggesting is that we ride the volatility and make a buck while we wait out this BK. Instead of seeing a big red loss on your investment account, why not buy and sell to make the most of the situation? Juice this poor sucker till its done!
Fyi I'm still planning on holding some shares till the end in case commons don't get wiped. I haven't given up hope but I want to play this on the basis of numbers rather than emotion. Money is out there to be made. Let's make it ours is what i'm saying!
Well with any BK stock, the price is heavily news driven. I would say to study the charts and buy in at the lowest entry point as possible. Then, make sure you are on top of the news. Wake up early each day and stay aware of sune's agenda. When it pops, sell, and wait for the price to level back down before you buy back in. If news is bad, sell, and buy in at the lowest possible price again. At least that way you cut your losses and you're able to increase share count when you buy back in.
I think the most important trait an investor can have is flexibility. A couple people on this board remain married to this stock. However, I think changing strategies as the circumstances change is paramount in making the most of any situation. I think we could easily make a lot of money on sunedison during BK. Let's play this out! Good luck to all.
I think his plan, like mine, is to buy as cheap as possible and sit on them till we get a good enough pop to recover some losses. At least that's my course of action right now. Shares won't be wiped out for a while and that should be many weeks, months, and maybe even years to trade this garbage stock. I was quite upset being down so much but I think given the price range right now, it should be a decent trader's toy till we say bye bye.
A solid pop on good news to 6 cents would be an easy 3 bagger :)
Same here. I used to think sunedison really had potential until I saw the MOR in detail and when the OEC was denied. It doesn't take a genius to see that the assets are extremely padded with obscurity and anyone failing to see that should go see a psychiatrist.
I've changed my plans from holding long to day trading the crap out of this to make my money back. May still hold a few shares as a lottery buy lol
And you keep forgetting that this has nothing to do with sunedison because we have $3B in negative equity. A stupid tax credit isn't gonna magically put money in sune's pockets and save commons. Please open your eyes..
Hasn't there been a 10-K deadline? I thought it was mandatory? Either way, a restructuring plan will say a lot about their state of affairs and future MOR's i suppose can be used to make comparisons in their financial health from month to month. Either way, I'm glad I opened my eyes to this mess now rather than later. Better late than never i guess.