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Well there's the orders that are going to send this back up tomorrow
Sharks are in the water waiting for people like you to dump shares cheap then they'll ride it back up.
Look back at radio shacks BK publicly acknowledged that commons would get nothing by the company and stock price still increased during the BK until it stopped trading.
Have 25k plus margin to short pink sheets
I feel sorry for you long investors, I thought this was channeled between .20 and .25 but found the bottom a few days in a row at .165. There will be a bounce, shorts are gonna start buying back, there's not point in waiting for a BK stock to get to zero and tie up funds for weeks. They will buy back and move on to short the next BK.
We will have our day back to .60
Wuebbles gonna get that long arm of the DOJ, and maybe the SEC might join in at the same time.
Stop convincing me to buy more shares and lower my average.
Waiting until the 19th look and the documents in the exhibits the from yesterday prepare to convert preferred shares and also buy common shares. Not too often does the judge supplies those forms in the BK.
Bottoms been tested multiple days and multiple timess
"I do believe that Sunedison will be able to make it over this hurdle. As such, I have decided to set a price target on the stock at what I believe its current value to investors is, $0.40."
SUNEQ will have a huge bounce, approaching the 30 day mark. As to the investigations, the DOJ will charge individuals with criminal charges, not worried allow some change up in the board, and the SEC is investigating the Board and senior personnel because of the failed acquisition should allow the company to a better way forward. Yes commons might not be safe, but all indications point to lean mean company after with a fundamental change in the business plan. Check Judge Bernstein's opinion letter. $$$$$$ SUNEQ $$$$$.
The SunEdison tried to get rid of judge Bernstein,
My wife’s status as a retired partner is even more remote, and I conclude that it does not raise a reasonable question about my impartiality. IQ Prods., 305 F.3d at 378. Accordingly, my recusal is not required under section 455(a)
Should see a good bounce tomorrow.
On 10 mil in volume today when there was double the volume yesterday. Makes no sense?
Isn't Blackrock inc the same in the Republic Airways commons also?
Reverse on their short position
No volume until later today, the hearing is at 2pm, probably see it pick up as we get closer to that time
Here we go
Totally agree, although there are still plenty of commons that are holding from the $ 1.50-3.00 range; that price won't happen until August if best, there's plenty of people waiting for the .75 again and make a quick flip. May 10th is first real hearing, and most of the answers we needed to hear won't come now until the 19th.
The shorts will be their own downfall, mainly the retail short. Friday was a day of fear before the quick flip, once news happens retailers will force buys to cover their shorts.
The entire solar industry took a beating this week, not too worried
Correct, but also check out primeclerk and the bankruptcy files read, understand, follow.
Check out docket 156, well put Jerry from MI, guilt trip the judge into supporting the commons. I'll laugh when SUNE says they want to wipe the commons but judge Bernstein tells because of the letter. Investor Media has commons scared so the firms can move in. Just watch this thing build back to 30s then take off next week.
https://cases.primeclerk.com/sunedison/Home-DownloadPDF?id1=MzI3MTg0&id2=0
Day trader are really controlling the price.
Yep, even if commons get wiped, won't be with out another huge bounce back to $$$ dollarsville first,
Slow build this week back to 30's then comes pay day. It takes time, for BK plays, take profits then rebuy on the slip, then hold for the big check.
Creditor Meeting is at 11:00 today, the next hearing is on May 10th.
No real bounce will happen until we get closer to the May 10 hearing. Day traders are making a killing here
Flat today, tomorrow 1030 creditors meeting pending the outcome of the meeting see some support to the May 10th hearing.
Everyone is waiting until tomorrow, maybe some rumors will start this afternoon and all green close.
Short interest all day today, go ahead and short .21 and in 6 months to a year you'll have made 50-100%, if BK has the worst possible outcome.
This is now a penny stock, shorts are long term, and will cause a huge bubble in near term price, we need them to get the price back to dollar $$$$$ land and 300-500%. Buy / Short / Buy / Short that's the penny stock cycle. But it all come down to news and the length of the BK and we will have some answers on Friday.
https://cases.primeclerk.com/sunedison/Home-Index
Not much will happen until Thursday, and then pending the hearing on Friday.
I have a Buy Order on NITE at .22 and can't get filled
Yep, SUNE was already trading on fear of BK at .33 now only loses 20% when switching to pinks, usually stocks get crushed when they do. there's still plenty of time to make that cash.
Follow the facts-
https://cases.primeclerk.com/sunedison/
Day traders love BK plays its called hot potato, just don't get stuck being the last one holding the potato.
In an FAQ for shareholders, SunEdison said if the stock is delisted from the NYSE, shares would likely trade on the OTC Pink market. The company plans to continue filing required SEC reports as well as monthly reports required by the bankruptcy court. The company also notes that “anyone,” including shareholders, can file a proof of claim against SunEdison, but that those claims are only paid after secured and unsecured creditors have been “fully satisfied.” In other words, shareholders investments are gone.
Although SunEdison didn’t said so on Thursday, in the financing negotiations that took place last week the company was expected to pledge all its assets in exchange for $310 million in financing. It appears that creditors drove a tougher bargain.
Not really any outcome, near hearing date 21APR. Everyone just waiting to strike
https://cases.primeclerk.com/rjet/Home-DocketInfo
April 14 is the next big court date
Scheduled for 20 June
Need those financials
Still no financials posted, but judging on today tomorrow should break through since NITE is at
.10
So go we just have to wait until the quarterlies to get some volume?
We will see what happens, Theres a lot of shorts at .10 cents, then watch this thing fly on Friday. The volume is finally here.
At least shares are going ok.