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No recovery for common share holders.
http://www.reuters.com/article/bankruptcy-sunedison-idUSL1N18Y0EZ
Just sold my positions. Got your in at .125.
If you read docket 450 it is very clear sun Edison management could care less about common stock holders. From my read they want to cancel the common shares.
Investing in this is for trading purposes only.
Here is another link. Maybe he did a calculation from previous data ?
http://www.otcmarkets.com/stock/SUNEQ/short-sales
How much longer do you think there will be another reverse split ?
Energy giant: Bankruptcy won't affect Orange County projects
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Now we see. Giving back borrowed shares to brokerages.
Sort interest is down to 32,833,600 shares.
http://shortsqueeze.com/?symbol=suneq&submit=Short+Quote%99
New 8k is out. Search for the keyword equity
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Nice close at .16 a resistance level before. Next resistance level to break through is .20.
Just amazing wow.
Looks like nervous bears are covering. Have you all noticed how volume is picking up around 11 to 1 pm everyday recently with this stock ?
Resistance could become support if hold and close above .16.
Wow pps is going parabolic.
SunEdison dilution overview.
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Does anyone know if the annual shareholders meeting is still scheduled ? Last year it was on May 28, 2015.
You have some good points there. Also From what I seen other articles bankruptcy cancels other lawsuits. Everything gets negotiated. The judge sent a message by ending early today. Work together otherwise I will do something you both won't like Looking at some of dockets filed today there is a push to get the debtors to disclose a lot of confidential information to the creditors.
It is huge gamble and no one knows. Funny how May 25 is next week when the delisting from NYSE is completed. So if liquidation happens down to zero we go. But on the other hand massive rally.
We will know pretty fast if trading is suspended/halted or if the news comes out after the market closes on Friday.
Get some risk capital and buy some shares.
If things go good tomorrow (loan secured) a major rally. That could put the liquidation stuff to rest. Hope and pray that things workout.
SunEdison Scrambles to Secure Creditor Deal on Bankruptcy Loan
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Court hearing restarts on Friday.
http://www.reuters.com/article/us-sunedisoninc-diploan-bankruptcy-idUSKCN0YA2N3
THE BIGGEST SOLAR FARM EAST OF ROCKY MOUNTAINS IN COLORADO
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What are you calculations in terms of how much this is compared to shares short ? Does your calculation indicate the the shorts are really short and massive short covering rally ?
Creditors Attack SunEdison Bankruptcy Financing
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Lawsuit against certain SunEdison Officers.
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The End of SunEdison: Developer Now Looking Into Liquidating Its Assets
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I think it gives the investors hope for closure. It also could be a chicken game between SUNEQ and TERP. It could force TERP to file for bankruptcy, yesterday TERP said they are delaying their 10-Q.
Maybe there is some tricks to get cheap shares and then flip them. You never know.
Not surprised to see it this low. Remember this is a cult stock among the day traders and much of the massive short covering rallies where driven by news. Until we have news the pps will continue to go down. If you believe the company and common shares will survive now is the time to buy. Even for a quick flip, as fast as the price went down yesterday it could go back up to .16 (a resistance level now). I bought my first shares yesterday at .125, could not resist.
This could have an impact.
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Correction the extension goes to 7/20/2016.
SunEdison Creditors Compare It To Enron
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The debate between the creditors and SunEdison continues.
Judge ruled in favor of SunEdison for extension to 7/16/2016 for financial statements.
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Possible sign of a bottom capitulation.
Best for folks to wait until company comes out of bankruptcy before investing any more money. The trendline indicates selling will continue maybe to a sub penny stock.
How low do you think the price will get ? Do you all think it will become a subpenny stock temporarily ? Do you all think there will be a reverse stock split when this company comes out of bankruptcy (exchange old shares with new shares) ?
CFO's get fired for being incompetent and they get replaced. That is what happened in this case. The new guy will have to tell the truth and it is going to get ugly. More heads will be chopped...
Bearish chart pattern today. Looks like we had a double top at .18 head and shoulders.
Looks institutions are dumping today.