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Sigh. Wrong.
The assets will be sold off at discounted prices to pay off debt. They have no bearing on the share price. Do you people understand nothing about Ch 11 BK?!
If you are a shareholder you don't want that to happen. 100% of the time when a company bounces out of BK they cancel all shares, leaving shareholders with $0, and then issue new shares primarily to debtors first and then, if you want, you can take your $0 and buy 0 shares of the new stock.
Exactly.
That is what happens under Chapter 11. Facts.
Will eventually happen when they come out of BK. Just hope you're out before then.
Wrong again.
Just wait until about ten minutes after open and you can buy in the teens or lower.
Book value doesn't pertain to bankrupt stocks. Assets don't correlate to share price when a company files BK. Do your research!
Stick around, you make the rest of us look like geniuses!
Not a chance.
SUNE is broke. Long term holds here will leave you holding bags. Day trade, short it, or stay away. Nothing good on the horizon.
At least one of us is making a lot of money.
Take note, they ARE in BK. You just don't know it yet.
Not even close. Won't close above .40.
Won't crack .42 today and close around .33.
BK news out. Look out below!
Breakout over $3 imminent. Not much resistance to $3.50-4.00. Looking real strong here.
Hey there, Adult. Yes, by definition, gambling. "Take risky action in the hope of a desired result." Considering upwards of 95% of companies trading this low eventually dissolve I'd say casinos are the better "investment". Companies with this much debt, regardless of assets, file BK almost 100% of the time. The only people that should be here are the flippers looking for a quick $.
Wrong.
So were thousands of other companies before they went bankrupt.
They are SO FAR IN DEBT there is no possible way they have explosive numbers. Get a clue!
Sell off imminent.
$30 when they weren't corrupt and burning cash. Now maybe worth $1 a share. Facts are they have no money and will have to start selling off pieces of the company if they want to survive.
Nevermind I read that wrong.
I'm a technical trader. Basing this off last week's days means nothing.
Regardless...this thing is going to get DUMPED the last half hour of trading today. I sold and plan to dive back in about 5 minutes before eod.
We'll never know so the question will always be pointless. The market is manipulated though. Manipulation is it's foundation.
Psun won't exist in a few months.
Pretty stupid. But GL. You might be that 1 in 40 million who wins the lottery.
Earnings projected to look really, really bad. Laugh all you want but at 2pm reality sets in, again. A consistent pattern of releasing PRs before earnings only temporarily delays its drop in price. Lest you forget, Hugo and a few others have raised insightful concern based on actual, tangible numbers throughout the course of the massive downfall of the share price. Those who have not listened and continue not to listen only hold bags to show for it. GL.
Yeah, accurate reflections of revenue in the share price does stink sometimes.
Easy...lol.
ANYs lack of revenue is the only plague here.
Until earnings. I don't think anyone here should want to see the next earnings report and I hope no one is holding when it comes out. Look out below.
Blah blah blah. The market knows good tech ahead of the rest of us. Obviously this isn't the case with ANY as its shares continue to be shorted and dumped. There's no future here only a few shorts and flips if your timing is good.
Ha. Nothing is different now. Keep dreaming.
They've been saying the same things you are for a couple years. "The story is just beginning." "Next seminar means blast off." "Disruptuve technology." LOL. All I see is a chart full of decline and all I predict is further decline. Short it while it's hot.
Look out below! More red ahead...sub dollar by April.
Tuesday is the 9th. And I don't think so but wishful thinking.