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Kind of the idea for the minimum I tried to explain. But review AA- bk reorganization with the same lawyers that SUNEQ is using now.
I wish to be wrong and we don't get diluted but history and previous BK cases show a different picture. We have a great chance to survive and I believe we will but dilution is going to happen. Is already in black and white with the CONVERTIBLE BONDS. Even if SUNE get 4 billions cash infusion from banks, creditors will convert their bonds, simple as that. Dilution is going to happen, how much I don't know, but I run my own numbers and I'm prepared. I'm just sharing my view. I could be right or wrong, time will tell.
Heavy like 10-15% in the new SUNE. With the OEC fighting back I see 25-35% unless we find more assets in the foreign subsidiaries that can quickly be sold or lenders put more than $2 billions on the new SUNEQ( obviously without selling the yieldcos) then we could see 40-50%( a miracle) but I don't think is going to happen. I go with 15-20% in the new SUNEQ with close to $ 1.5-1.8 Billions in capital( new lenders),the rest going to creditors( cash and equity combination) and selling one of the yieldcos with reorganization around the other.
I don't know if you or your broker can get access to the prospectus of the unsecured CONVERTIBLE BONDS. When you analyze their situation/claims, the lawyers handling SUNEQ reorganization( same as AA- reorganization) and how much banks/lenders could finance Suneq Post-BK, I just took the most conservative approach. The language to facilitate a debt for equity swap with unsecured bondholders is already in the prospectus of the unsecured CONVERTIBLE BONDS, so they can't argue back if the debt for swap provide them with recovery, they already agree when they bought those bonds. SUNEQ shareholders have the NOLs, assets outside of BK and fraudulent activities to fight back. So unless bank/lenders are willing to lend more than $2 billions to finance our BK exit or find more assets, is going to be heavy dilution, like WAMU and AA case.
I never said that the unsecured CONVERTIBLE BONDS value is less than the SUNEQ stock value. That's insane and doesn't make sense. I said that due to their specific situation, unsecured CONVERTIBLE BONDS, they are related to SUNEQ stock obviously with a better outcome. But some people here right out claim that shareholders will get zero and bonds will tell the story without understanding these unsecured CONVERTIBLE BONDS situation, the specific condition around them and their market( no liquidity). They are not like the straight/traditional bond environment( more liquidity, better market, better conditions,etc.). This is a very complex BK situation. Is behaving like WAMU and AA with unique characteristics. Some people are expecting for the unsecured CONVERTIBLE BONDS to move before the stock move. They will move together when SUNEQ lawyers finally put in black and white that shaholders will be included or we get our OEC. Like I said, we will survive, heavy diluted but not wiped out. Anyway happy trading, not going to waste more time here.
No, I'm SUNEQ shareholder and I can provide reliable information to help people be more informed around SUNEQ complex situation. Is not my fault that you don't understand the information, is not my fault that you don't understand the definition of CONVERTIBLE BONDS and their market. Please go read the unsecured CONVERTIBLE BONDS prospectus for Sune. If you had the chance to read it you will understand why they are trading at those levels. The SUNEQ unsecured CONVERTIBLE BONDS are attached to SUNEQ stock situation. The information is there for anybody to see it. Also people need to understand that if the fraudulent activities around SUNEQ arise sharolders claims and priorities could move up and surpass other claims( many previous BK cases to prove my point). Again the information is available in many articles from law schools related to fraud activities and chapter 11 cases. And one more thing, some people still remember wamu case, in that case the real value at the end was the billions in NOLs which saved the shareholders. Here we have billions in NOLs( information available in SUNEQ courts documents) plus billions in assets outside BK process. The judge already told SUNEQ lawyers to answer shareholders claims. The information is available, is not my fault that you are having trouble understanding that SUNEQ shareholders will survive. This BK process is very different. WAMU proved many people wrong, SUNEQ shareholders will do the same. Holding and waiting.
Wrong. I used the link of investopedia just as an example but not as reference. But since you want to know more about SUNEQ complexity and gain real level of knowledge around SUNEQ and why shareholders are going to survive( heavy diluted but included as part of the reorganization), here is some real reference, obviously there is more but why bother. Im just trying to raise the level of knowledge and discussion( I still think is a waste of time but let see)...
http://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=1408&context=yjreg
http://www.law.uchicago.edu/files/files/201.dgb_.twilight.pdf
http://m.law.uchicago.edu/files/files/43.Baird_.Chapter11.pdf
http://digitalcommons.law.seattleu.edu/cgi/viewcontent.cgi?article=1468&context=faculty
The longer the better for SUNEQ shareholders. The yieldcos are very undervalued so as long as we are in BK people with interest can easily block the yieldcos sale( is happening now, that why they can't agree on the price and form of sale) which will keep appreciating in value and provide a better outcome for shareholders. Also between this quarter and the first half of 2017, Suneq will complete many projects which will bring more value and money to the table. The question should be, when are we going to have the OEC approve?? When Suneq management is going to come forward and release in black and white that shareholders are going to be include( heavy diluted-my opinion always)? Nobody knows. Holding and waiting.
Wrong! SUNEQ bonds are convertible bonds not straight bonds, a very big difference. Those bonds will follow SUNEQ stock not the other way around, because they are convertible!!!. People need to do more research around the reality of SUNEQ unsecured CONVERTIBLE BONDS . Those bonds are attached to SUNEQ stock. Also their liquidity is close to none with specific buy and sell requirements. Only people with no knowledge about the bond markets keep bringing the issue around CONVERTIBLE BONDS. Please follow SUNEQ court documents and other reliable sources for information about Suneq shareholders outcome. Time is helping the shareholders of SUNEQ
http://www.investopedia.com/articles/bonds/08/convertible-financing.asp
The Disadvantages of Convertible Bonds
Many of the other disadvantages are similar to the disadvantages of using straight debt in general. To the corporation, convertible bonds entail significantly more risk of bankruptcy than preferred or common stocks. Furthermore, the shorter the maturity, the greater the risk. Finally, note that the use of fixed-income securities magnifies losses to the common stockholders whenever sales and earnings decline; this is the unfavorable aspect of financial leverage.
SunEdison Foresees Future Successful Reorganization, Shareholders Seek OEC
https://cleantechnica.com/2016/12/05/sunedison-foresees-future-successful-reoragnisation-shareholders-seek-oec/
Follow Suneq courts documents for information about Suneq long shareholders.
https://cases.primeclerk.com/sunedison/Home-DocketInfo
Follow SUNEQ court documents. Is the only place for real Suneq shareholders to speak out! Over there you will find more information about SUNEQ long shareholders.
October MOR.... as expected!
https://cases.primeclerk.com/sunedison/Home-DownloadPDF?id1=NTAzMzM0&id2=0
Relax, this is the famous "year end tax loss season". People are selling positions in negative in order to claim the tax loss benefits/credits( sell, wait 31 days and buy back with no wash sale). SUNEQ is the biggest loser of the year. I'm not selling and if Suneq goes below 10 cents I will buy more. Remember the next MOR around the second week of December...
I disagree, they will be profitable. Some of the subsidiaries are profitable now. Again wrong in your analysis. The business is improving, they already sold some unprofitable assets while the completed projects are starting to bring cash. Is ok if you don't believe in SUNEQ recovery. I'm going to be here when they post the first profitable month in BK as a whole( but remember some subsidiaries are profitable right now). Please don't go away.
Another delay will benefit SUNEQ shareholders. In the meantime we get a MOR every month. In previous forecast they indicate that SUNEQ will be profitable by the end of 2016. The MOR in January 2017 will show a profitable SUNEQ IMO if not sooner( December MOR but I don't think so). The recent accumulation is an indication that the market believe SUNEQ shareholders will survive. Let see what happen. Too much money hidden in the foreign subsidiaries.
Again wrong. I never mention a short squeeze. Im saying the increased short interest put pressure on the MMs and is showing accumulation and strong demand. I'm not pumping like others. I do believe SUNEQ shareholders will be part of the new company post BK and there is accumulation from people with knowledge of the potential outcome. Also we had a difficult week due to the election outcome and the fear of uncertainty. Before you continue with your negative view of SUNEQ outcome, let see what happen this week and if the PPS raise to 20 cents or not. September MOR proved a solid business, improving with many assets. Based on SUNEQ court documents, they started the process of bringing money from foreign subsidiaries. Also this is the period that bring some projects to completion. Let see what the October and November MOR show us.
On the contrary, SUNEQ short interest just increased. If there is unlimited supply of the stock( pump and dump) why the short interest increase so much?? For a BK stock?? Really? Why the supply is once again limited and PPS slowly climbing?? Now with the increase in short interest and sustained PPS we can see the confirmation of a pattern of accumulation. Follow SUNEQ court documents and market data. Next week we should be back to 20 cents. We had a week of fears and uncertainty. Thank god for the weekend! Holding and waiting. And again thank you very much to those that sold at 12 cents! I bought!
http://otce.finra.org/ESI
Wrong again and there is a contradiction in your sentence. Beautiful manipulation by MMs. They can't control the outcome because nobody knows what is going to happen( we have the idea). Also I never said they control the outcome. I said they are controlling the PPS to take out the last traders/flippers from previous trading sessions. But nice try.... holding and waiting, thank you for those shares at 12 cents..
Follow SUNEQ news around Terp and Glbl. No wonder the low volume and manipulation. The MMs are trying to take the flippers out before news about SUNEQ get out. Now we see why SUNEQ is holding the 10K and 10Qs. Follow Terp SEC document. Holding and waiting...
Item 4. Purpose of Transaction.
Item 4 of the Amended Schedule 13D is hereby amended by adding the following:
On November 9, 2016, representatives of Brookfield met with the independent members of the board of directors of the Issuer, TerraForm Global, Inc. (“ GLBL ” and collectively, with the Issuer, the “ TerraForm Companies ”) and their advisors. At the meeting, Brookfield discussed the possibility of transactions involving Brookfield and the TerraForm Companies. Brookfield proposed two possible transaction structures: one in which Brookfield would purchase shares in the TerraForm Companies from their existing Class A and Class B stockholders, the TerraForm Companies would remain listed public entities, and Brookfield would replace SUNE as sponsor; and an alternative structure in which Brookfield would purchase 100% of the TerraForm Companies for cash. Nothing was agreed at the meeting, and no specific prices were discussed, but the Brookfield representatives indicated that their proposals were being discussed on the basis of public information and in light of the current market prices of the TerraForm Companies. The representatives of Brookfield indicated that it would consider a transaction along the lines described above for the Issuer only and for both the Issuer and GLBL but that any transaction involving GLBL would be conditioned on successful completion of the transaction for the Issuer.
http://services.corporate-ir.net/SEC/Document.Service?id=P3VybD1hSFIwY0RvdkwyRndhUzUwWlc1cmQybDZZWEprTG1OdmJTOWtiM2R1Ykc5aFpDNXdhSEEvWVdOMGFXOXVQVkpVUmlacGNHRm5aVDB4TVRJeU5ETXpNaVp6ZFdKemFXUTlOVGM9JnR5cGU9MyZmbj1UZXJyYUZvcm1Qb3dlckluYy5ydGY=
You're so wrong. There is no dilution here, the explanation is very simple. We had many traders playing to election card( Clinton effect), it didn't happen so they are selling and moving to another play. Look at Terp and Glbl(our yieldcos). They are strong and moving forward= more value for SUNEQ and their shareholders. The accumulation continue. I'm glad that flippers are selling, bye bye. September MOR showed the business is solid and improving. Next is the 10K and 10Qs( November 28-SUNEQ court documents) and October MOR( first week of December).
No, the explanation is very simple. SUNEQ started settlement discussions in September and the unsecured creditors letter came in October. Very simple, SUNEQ was not going to jeopardize the potential settlement with the yieldcos. No wonder the yieldcos decided to start settlements discussions. This is very good news for SUNEQ shareholders. The more the unsecured creditors dig into this mess the more ammunition we will have to sue and get a piece after BK. Actually the piece of the cake just got bigger! Holding and waiting.
Here the link to Sune court document #1557
https://cases.primeclerk.com/sunedison/Home-DownloadPDF?id1=NDkwMTky&id2=0
If they keep selling to satisfy creditors now then yes I agree with you. But I think that unsecured creditors are willing to wait and work with SUNEQ. We (Shareholders) have the NOL and lawsuits on our side. We need the OEC and we are going to be fine.
Thank you very much for taking the effort.
The images of Assets and Operations look a little blurry but I think people can get the pattern. Oct MOR is going to be the beginning of a much better picture IMO. Obviously the surplus in equity(6B) will keep going down as they sell more assets,cancel some debt, reconciled the books and adjust the valuation. IMO the equity will stay above 4B and profitable( I think those numbers will come in January). Again thank you.
This is not only due to the potential election results, Friday we got the MOR for September. SUNEQ business keep improving. Money keep coming to support the restructuring process. Like I said the worst is over!. Thank you very much to those that sold under 16, 14 and 12 cents, I bought thousands of shares, yeah! Happy trading but I'm holding for dollars. Again follow the SUNEQ court documents...
Here is your chance to flip Sune stock, the way you like it. Go for it, happy trading. I bought more shares...
Hey!! I'm here. Thank you so much to those Selling, bye bye. I bought more shares! Like I said follow SUNEQ court documents. The business keep moving forward. We got the extension( old news from last week). Good to see flippers leave the stock and the old ones getting back. Is, ok happy trading!
It was, those traders are selling. Look at SUNEQ buy and sell data. They are selling and moving to other stocks. Which is part of the game. Happy trading. Let see if we finish above 0.18...
We are building a new base with the current SUNEQ accumulation phase. This is actually a very good indication. Short term traders are selling their positions and others are buying and holding. It looks like 0.175 is the new base for accumulation. Once we get all the traders out then we should move back to 0.20 as more information become available about SUNEQ progress and profitability. Next important hearing is Nov.17 but the sept MOR should be release before. Also Nov 3 is the Nasdaq hearing for Terp. Let see if we get more numbers before their meeting.
Today we have a hearing. Nov 1- 10:00am. Let see what happen...
SUNEQ court document #1505, Money from foreign subsidiaries coming back to SUNEQ. If you read court document #1503 we are talking about hundreds of millions. Around 2000 subsidiaries. Wow!!! Those that are selling SUNEQ shares( traders) thank you very much!!
9. With two of the three stages in the process now complete, the joint SUNE and PwC team began working on stage three in early September 2016. Stage three is the “investigation” phase which is being led by SUNE and supported by PwC data analysis. In an effort to focus the team on the most critical entities, a list of 10 entities were agreed and prioritized. The basis for prioritization was linked to the cash repatriation analysis, which is being performed concurrently, and is reliant upon the same intercompany data. The 10 entities identified collectively cover more than 90% of the expected foreign cash that will ultimately need to be repatriated.
https://cases.primeclerk.com/sunedison/Home-DownloadPDF?id1=NDg2OTM1&id2=0
It will, I keep buying every time it drop below 0.20. Happy trading!
SUNEQ court document #1503, show me the money! Finally some numbers on the subsidiaries. As of June 30,2016. Billions and billions in investments, take the time to read it. Hundreds of millions in cash available. Many subsidiaries are profitable. No wonder big pockets are accumulating! Is so obvious that now shareholders have more and more ammunition to appeal and get the OEC approve!!! Holding and waiting!
https://cases.primeclerk.com/sunedison/Home-DownloadPDF?id1=NDg2ODk5&id2=0
Nothing, the worst is over. SUNEQ is restructuring and the business is doing fine.
If you read their forecast a couple months ago, they are following scenario 3. Now is when they become profitable. They already raised the money( from assets sale and project completions) to pay off the DIP. Watch carefully the next two MOR( sept and oct) and follow SUNEQ court documents.
Actually another extension is good news for SUNEQ shareholders. Every month SUNEQ have to submit their MOR and financials from some of the subsidiaries outside of BK process. So before they submit the POR we will see more numbers, more ammunition for shareholders claims and OEC appeal. Also we have to remember the next important date Nov 3. Nasdaq meeting for Terp, if they don't release at least the 10K then Terp is going to be out of the Nasdaq unless they can pull another extension from the Nasdaq committee again( I doubt). Also now the unsecured creditors are trying to force SUNEQ to release the financials by nov 15, just waiting on the judge decision. Is so obvious that they are holding the 10K and 10Qs in order to force Terp to settle which is not good for Terp shareholders but is good for SUNEQ shareholders. This drama is getting sooooo goood!!!!
Another day of accumulation. Follow SUNEQ market data. Big pockets are buying and putting SUNEQ shares in strong hands with long term view. MMs and traders needed to control the demand for shares again. Short trading volume over 30% for two consecutive days. Even with the daytraders and short term traders selling their SUNEQ before the weekend. This is very bullish data. Follow SUNEQ court documents and market data.
And BTW, SUNEQ Canadian subsidiary BK is old news, it was expected and the news was released yesterday. Again some are not following SUNEQ documents and market data. They are getting the news late with no influence on the price and the accumulation. The market is forward environment and the worst is over for SUNEQ. Remember, scenario 3 in their forecast presentation and documents, this is the period when SUNEQ become profitable and cash flow positive. They are paying their DIP back which means they are in control of the restructuring process. Now with the unsecured creditors lawsuit and the request for release of the 10K and 10Qs, the yieldcos will increase in value putting SUNEQ in a sweet position and shareholders value will be visible. Remember the market is a forward event and SUNEQ is looking bright in 2017.
http://otcshortreport.com/index.php?index=SUNEQ&action=view
I'm ready to enjoy the afternoon over a nice glass of wine from the Barolo region, my jazz music and some delicious ribs! Mmmmmm! enjoy your weekend! Follow SUNEQ court documents. Holding and waiting.
Relax is Friday! SUNEQ is behaving as a stock in accumulation phase. Big pockets keep loading, slowly and steady. Also we have the short term traders selling and closing for the weekend, is ok. Honestly I don't expect the PPS to go higher than 30 cents, probably 26-27 cents. If it does then great otherwise we had a great week of pure accumulation and short pain. Follow SUNEQ market data and the court documents. Also we have to see the short trading data in the afternoon. IMO we are going to have another 20+% again which is going to put more pressure next week. Next week we are going to see 35-45 cents IMO. Holding and waiting.
No, Did you read SUNEQ court document #1492 and the recent media article?? SUNEQ is not going to sell the yieldcos yet or for pennies. SUNEQ is looking to restructure around them... hope this help
https://cases.primeclerk.com/sunedison/Home-DownloadPDF?id1=NDg1OTcy&id2=0
http://www.fool.com/investing/2016/10/26/sunedison-still-blocking-sale-of-terraform-yieldco.aspx
More information from SUNEQ court documents, tomorrow PPS will surge again IMO. SUNEQ court documents #1492... SUNEQ requesting more time. More value around SUNEQ, more time to let the value of the yieldcos increase and to finish more projects under court supervision!! this is getting better and better. Now we know why big pockets keep buying and buying. Holding and waiting for dollars!
https://cases.primeclerk.com/sunedison/Home-DownloadPDF?id1=NDg1OTcy&id2=0
Wrong information,EC-Old news( their opinion about SUNEQ equity committee). Please provide the complete sentence otherwise you are trying to mislead from actual facts by a court document. Here is the actual information....
(a) Asset Sales: The Debtors have conducted 7 sales by separate motion under Bankruptcy Code section 363 and 12 de minimis asset sales. Some of the recent asset sales include: the sale of North American Utility Business Unit for $144 million; sale of various California, Northeast, Minnesota, and New York commercial and industrial projects for $149 million; sale of the Residential and Small Commercial Business Unit for $8.7 million; sale of Mount Signal 2 and 3 for $104 million; and sale of the Sunflower project for $23 million. The Debtors have also entered into definitive asset purchase agreements for the sale of SUNE Troughton Farm Solar Limited for $30.4 million and the Solar Materials Business for $150 million. The gross proceeds for these sales totals approximately $609.1 million.
(f) Equity Committee: In response to this Court directing interested parties to show cause why an equity committee should not be appointed, the Debtors, in close consultation with their advisors, submitted a response. On August 12, 2016, the Court issued a memorandum decision concluding that an equity committee was unnecessary at this time [Docket No. 975].
https://cases.primeclerk.com/sunedison/Home-DownloadPDF?id1=NDg1OTcy&id2=0