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Looks institutions are dumping today.
Thanks for the article. It was well written. He analysis was on point.
Ok. I will be checking up earning statements, etc to see what is going on. The pps action tells the real story. We are basically at .000195 pre reverse stock split price !!!
What happened to the .02 support level ? .02 is not resistance. It seems like it has become resistance. Is there a possibility the pps could go sub penny again ? Any recent dilution again ?
The pps movement seems to be in a narrow price range. Until we get some volume the pps will be trading between to .16 to .25. Everyone was thinking we would hear news from the 5/10/2016 court date, nothing. I think it will be the same for 5/19/2016 court date. Don't be surprised if this bankruptcy process takes 2 years due to complexity.
Happy trading and flipping, GLTA. Go $SUNEQ.
Its has been a while since shorts have covered.
http://nakedshortreport.com/index.php?index=SUNEQ
He might be confused by misspelling in your post.
Especially when short interest decreased by 40 million shares.
Shorts are covering. Down to 63 million.
The shorts are running scared. Looks like many covered.
link
This should be interesting on the impact of the pps.
SunEdison "yieldcos" extend date to file financial reports
Information on trance b or 2nd lien type of financing that sun Edison wants to use.
http://www.mondaq.com/unitedstates/x/26987/Financial+Services/Nature+of+Tranche+B+or+Second+Lien+Loans
Probably so. Also notice that NYSE complete delisting is on 5/17/2016. I wonder if they changed the date to buy some more time. Perhaps trading on otc might get suspended. Thoughts ?
Court date changed from 5/10/2016 to 5/19/2016. I wonder why they changed court date ?
Shorts me covering. Lots of selling today.
SunEdison short interest decreases by 23.68%
You are correct about the shorts if good news comes out.
On the other hand if the stock gets delisted from OTC(wishful thinking on the shorts part), they will get 100% return on their investment because the stock goes to zero.
What happens if I maintain a short position in a stock that is delisted and declares bankruptcy?
The company has not filed a 10-K (yearly financial statement) since 2014. No 10-Q (quarterly) since 9/2015. If you look at the debt, lots of convertibles, looks like it has been a penny stock (IMHO) for a long time considering all the dilution that happened before they declared bankruptcy.It is funny how Goldman Sachs gave some funding last summer and they were one of the investment banks that got in trouble in the 2008 meltdown.
I don't blame you for waiting. It seems everyday the pps goes down a penny into a new trading range.
Good article to read.
The Financial Alchemy That’s Choking SunEdison
Flipping, trading, shorting this stock is gambling because you never know when the lights will be turn off and the stock is suspended from trading. Thank goodness we have the OTC Market where they are very flexible and don't require those statements to posted on time.
No one knows what will happen. It is up to the judge. Longterm investors Make sure you send him a petition to consider the interests of the shareholders.
The judge should require the 10-K and the 10-Q immediatly, maybe we will find out that it will be chapter 7 instead of chapter 11. Good gracious all the information is in the corporate databases. It should not take that long to get the 10-K and 10-Q out. Seems like they have something to hide and that is what people should be concerned about.
Nice recovery double bottom around .181. Possible cup and handle candle stick pattern. That's bullish if the pattern can hold.
Correction did not appeal.
Yes from NYSE. The company did appeal the delisting. Sec notification is a formality. Has nothing to do with otc.
New sec filing today.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11366545
Fierce battle between bulls and bears. Same as yesterday. Pps is currently struggling to get to 50 simple moving average. Looks like a new channel between .185 to .190.
What time did you see that print ? Are you sure the trade was not cancelled out ?
SunEdison Bankruptcy Threatens Dividends at TerraForm Units
link
SunEdison what happened.
link
Pps is having trouble staying above 50 day simple moving average. Looks like the bulls are trying one last attempt to keep above.
Looks like pps trying to go back up. Take a look at 1 minute candle stick chart.
Intense fight between bulls and bears. See spinning top candle sticks.
Check out the 4th filing on bankruptcy documents site. If approved there will be severe restrictions on share holders with 5% or more ownership in sun Edison.
The New York court is more friendly to business than Delaware district court.
Its an indication that sune can't pay their bills. Very serious because software is what runs the business.
Now Microsoft licensing is after sune. Just saw filing on bankruptcy documents site.
If you check otcmarkets.com you will see dollar volume is barely over $1 million. Most trades though. Looks like the retail investor is bailing. All the rallies are being sold into.
Check out bankruptcy documents for today. A share holder wrote a letter to bankruptcy judge to consider interests of common stock holders.
Another filing was from a software vendor Sap America.