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If you don't believe is ok, nothing bad is going to happen. SUNEQ will be fine and shareholders will be part of the process. Is ok, I do believe in SUNEQ. Big pockets are now in the picture. I'm holding and waiting.
Looking good, holding nicely...
I hope so, MMs should push for shares and volume. Let see if we hit 20+M in trading volume...
Excellent opening, the accumulation continue. Let see if we surpass the 0.14. Holding and waiting...
Thank you! for taking the effort. In previous presentations, Suneq management indicated 1Half of 2016 was going to be difficult with serious liquidity issues( we got BK). As we can see in the MORs it was. Also they indicate 2H2016 suppose to be the turning point( based on previous forecasts). The market is a forward event, which indicate that the worst of SUNEQ situation is over. September and Oct MOR will provide more details in case we don't get news from other media sources.
Agree!
Exactly, the information is in the MOR, people need to take the time and read the court documents. The next two MORs( Sept, Oct) will be the game changer. People need to see the trend in the documents and the market data. SUNEQ restructuring is going well. Why people don't take the time to read the court documents is beyond my imagination. Holding and waiting...
No, they are not. SUNEQ is actually using this BK process to preserve cash and is selectively paying according to the BK rules. SUNEQ is paying the DIP first in order to maintain control of the process and using the rest of the money to complete the projects, make provisions and finally pay for some of the services while the rest will have to wait or submit a claim. This BK came as a consequence of a liquidity issue and mismanagement (already discussed here and in the courts documents). They have enough cash and we have to remember that in Sept and Oct they collected money from some assets sold and projects completed( already disclosed in their forecast). Just have to wait for the SEPT and OCT monthly operating reports(MORs).
Done, over 28M in trading volume. Break the 50+ days. Let see if we close above 45%. Strong acumulation, should continue tomorrow.
Agree, we just need confirmation that SUNEQ will be restructuring around their current assets( keeping Terp and Glbl) and shareholders potentially include( obviously diluted), SUNEQ will fly close to $1. I don't believe we will see $3 but $1 with dilution is possible and I believe it will happen. Holding and waiting.
If the current trend continue we are going to close above 28M in volume. Highest volume in 50+ days. IMO MMs are holding the line again, putting more pressure on the next surge in PPS. A close above 45% will bring more eyes from hedge funds and speculative players( big pockets).
SUNEQ will be profitable. The market is talking. Please don't leave when SUNEQ release the numbers( NOV, DIC MOR) in January. Remember the market always react in advance. The worst is over for SUNEQ. Shareholders will survive.
I will. Holding and waiting. SUNEQ restructuring is underway. Follow the court documents and the recent market data. SUNEQ business is up and running. Review SUNEQ previous forecast. This quarter is when they become profitable. The market is getting the numbers and is acting accordingly.
The same data that is pointing to accumulation of SUNEQ. I said it yesterday. Today's action is a reflection of the information that is available. SUNEQ restructuring is happening. And shareholders might be in the game and survive.
Again, the market is talking for SUNEQ. The level of ignorance is fascinating. I'm just providing the news and the market data for SUNEQ. The information is available to anybody. But because I see and analyze the information differently others don't like it and attack. The data is pointing to accumulation from buyers that understand SUNEQ complex restructuring. I'm holding and waiting.
India Receives Payment for 500-Megawatt SunEdison Solar Project
October 18, 2016 — 6:30 PM MST
State-owned Solar Energy Corp. of India said the government received fees needed for a 500-megawatt solar park, won by bankrupt renewable-energy developer SunEdison Inc., to go ahead.
Solar-park charges of 2 billion rupees ($30 million) along with signed implementation agreements have been received, SECI Managing Director Ashvini Kumar said in an interview. SunEdison Energy India Pvt., a subsidiary of Maryland Heights, Missouri-based SunEdison, bid a record low in November 2015 for the right to develop the Andhra Pradesh solar farm.
“We’re relieved that the project will get built and will contribute to the country’s solar targets,” Kumar said. He said the park should be finished by March.
Greenko Energies Pvt. agreed with SunEdison’s creditors Sept. 30 to acquire 390 megawatts of Indian solar and wind assets valued at $392 million, according to a regulatory filing. Company spokeswoman Swathi Reddy declined to comment on whether the company also purchased the rights to develop SunEdison’s Andhra Pradesh project.
SunEdison had 550 megawatts of projects under construction in India during the second quarter as part of a 1.7-gigawatt project pipeline. The company’s Asia Pacific President Pashupathy Gopalan declined to comment.
http://www.bloomberg.com/news/articles/2016-10-19/india-receives-payment-for-500-megawatt-sunedison-solar-project
Follow the news and the market data. SUNEQ should continue to climb as the accumulation continue. Just do the proper DD.
again, the accumulation of SUNEQ continue with today's action. The data is coming out, MMs tried to control the price by shorting(37%) with the hope that the buyers stop accumulating and day traders sell to compensate. As the volume confirmed, day traders sellers are drying and MMs will face more pressure from the market. Same pattern again. If the accumulation continue tomorrow the PPS should surpass 0.09 at some point. Here...
http://otcshortreport.com/index.php?index=SUNEQ&action=view
The volume is not low, actually is steady climbing to the 3+M daily volume for the past few days and close to the weekly average. Follow the data on SUNEQ, the people that are accumulating are basically having a field day with MMs and traders. They push the PPS, MMs short it and they back down and wait. They are making sure that the volume stay above the 3M and the daily short interest above 20%. They are creating the conditions for the next surge in the PPS. Here...
http://otcshortreport.com/index.php?index=SUNEQ&action=view
http://www.otcmarkets.com/stock/SUNEQ/short-sales
No they won't. And the market is reacting. Our opinions don't influence anybody. Someone already understood the game, have the info and is accumulating. I'm holding and waiting.
I guess the market is telling who doesn't know how to read SUNEQ BK court documents. Holding and waiting. SUNEQ restructuring is underway and in control of SUNEQ not the bond holders. Market is finally realizing this.
Like I said, SUNEQ is not going down today. Actually is in accumulation mode. Like I said, the level of ignorance around Suneq business model and this BK process is fascinating. One thing is the rules of the game and another thing is the selection of the players. Interpretation, plain and simple. Enjoy the increase in Suneq pps.
Suneq is not going down tomorrow. The level of ignorance is fascinating. Suneq is selling the most unprofitable/ undevelope projects to selected buyers. The reason you don't see anybody outbidding is because they don't qualify as bidders due to the complexity of the agreements and amount of committed capital needed to finish those projects. Whether shareholders are going to be wiped or not is another subject but the reality is that they are hand picking the buyers. Slowly and orderly.
And somebody is buying and holding the line above 0.075. Accumulation at best. Once they are done at 0.075 they will push the pps to 0.08. We should end the week above 0.10. Maybe we finish today above 0.08. Let see...
And just in case somebody argue about which type of shares could participate in a potential fraud case against SUNEQ, pre-BK or post-BK. If the fraudulent activities cause the BK and or the fraudulent activities continue during the initial BK process, all shareholders could sue and participate because this BK was filed under chapter 11 not 7 and we have assets not in the BK process. Very complex case with SUNEQ. Nobody knows for sure which shareholders are entity to what. The only thing for sure is that some people are buying big blocks of shares. Time will tell who is right.
Exactly! The market reacted on Oct.6( people had access to the information). What most people don't realized is that this investigation over SUNEQ previous management have been underway for a long time. So I agree with you, this recent SEC request give us the hint that they found something. Something that could help shareholders in order to sue SUNEQ and recover our losses. Those big buys in the past week gives us the hint that shareholders could very well fight back and probably settle for a piece in the new SUNE after this mess. In a fraud case shareholders have the right to recovery/compensation. There are dozens of cases about it. Here we have assets( yieldcos) that will increase in value in the next years, so we can be compensated.
Shareholders fight is not over. SEC/DOJ are leaving the door open. I'm so glad that I didn't sold to the recent spike. Holding until SEC/DOJ finish their investigation.
With SEC/DOJ moving forward with their investigation, shareholders might be able to sue SUNE and it could be hundred of millions if not 1-2 billions for shareholders. This could force SUNEQ to settle with a piece of the new SUNEQ after ch.11. People in the know are loading and like always the retail investors/traders are the last to know.
Shareholders might have a chance. Now we know why the PPS surged, SEC investigation. This is great news for shareholders, if SEC investigation lead to accusations, shareholders can sue and recover some money or settle for a piece of the new SUNEQ!! Information available since Oct.5 for the people in the know.
https://www.sec.gov/Archives/edgar/data/945436/000094543616000388/a8-ksecsubpoenaoctober2016.htm
Item 8.01 Other Events.
On October 5, SunEdison, Inc. (the “Company”) received a notice that the United States Securities and Exchange Commission (the “SEC”) is conducting a non-public, fact-finding investigation relating to the Company. The notice was accompanied by a subpoena, seeking production of certain emails and other electronic communications sent or received by certain current and/or former directors and/or officers of the Company, TerraForm Power, Inc. and/or TerraForm Global, Inc. As previously disclosed in the Form 8-K dated March 31, 2016, the Company previously had received a non-public, informal inquiry from the SEC. In addition, the Company has received subpoenas from the United States Department of Justice (the “DOJ”) seeking information and documentation relating to various matters. The Company and the board of directors intend to continue to cooperate fully with the SEC and the DOJ.
Today's action was performed by people in the know. Follow SUNEQ short market data and you will see. The BUY action was too strong to be performed by retail traders. Finally the pieces are coming together, SUNEQ is more valuable as a going concern than CH7. Now the question is, are they going to include the commons( dilution, NOLs tax preservation,etc) or not??? The market and insiders are taking positions. Follow the data....
http://otcshortreport.com/index.php?index=SUNEQ&action=view
May 2016 MOR is great news(hope) for shareholders and a solid case for OEC approval. When Suneq filed for BK, they listed 20.7B in assets and 16.7B in liabilities( with the old management). The media/Wall Street called BS and we know the rest of the story. Today they finally filed their first MOR( May 2016) with the new management and under the court supervision. They can't lie anymore and the old management is out of the picture. So we got the true numbers, 17B in assets and 11B in liabilities with a clear picture of the subsidiaries and their revenues/cash burn,etc. Yes, assets are less( like media/Wall Street argued) but also the liabilities are less too plus the spread is higher, 4.4B when BK was filed vs 6B with the real numbers( May2016MOR). I don't think we go down but a quick spike to the 14-15 cents area unless the big speculative players decide to jump in. WE FINALLY GOT THE REAL NUMBERS. AND FROM NOW ON, EVERY 30-45 DAYS WE WILL GET AN UPDATE( next MORs).
June MOR should be out between sept. 5-15 maybe sooner but they still have time. July MOR the same, around Oct. 5-15 or sooner.
The media and the market knew they were lying. These are the real numbers, official from May 2016. And it shows the subsidiaries that are/were burning money. Assets and liabilities will continue to go down as the projects are sold and the debt cancel/payoff. But now the market have a clear idea of Suneq's financials.
What?? I think you don't know how to read financials. Actually this is good news. Numbers/details are finally coming out. Suneq MOR is basically saying that their problem was liquidity not business model. The June MOR is going to be better and July too since the liquidity problem have been fixed IMO.
Look at the total assets and total liabilities. 17 billions assets vs 11 billions in liabilities. 6 billions in assets. If the MOR in June and July keep showing the same spread in Assets vs Liabilities, Suneq will prove that is not insolvent and equity could be available for commons. We need the OEC!!!
Finally the MOR!! Monthly operating report. From May 2016. Look at page 15... 17 Billions in Assets vs 11 Billions in Liabilities.
https://cases.primeclerk.com/sunedison/Home-DownloadPDF?id1=NDE1NTk0&id2=0
Come on!! He is providing the link! Is true! They are paying a premium and taking the outstanding debt. I can understand your negativity about Suneq potential outcome but he is posting the right news. No mistake.
Court docket #4, information from day one...NOLs= $1.7B
155. Equity Trading Procedures Motion.
The Debtors have generated, and are currently generating, a significant amount of net operating loss carryforwards (“NOLs” and, collectively with any capital losses, unrealized built-in losses, and certain other tax and business credits, the “Tax Attributes”) for U.S. federal income tax purposes. As of December 31, 2015, the Debtors had approximately $1.7 billion of unlimited NOLs that were available to offset taxable income. These NOLs and other tax attributes could translate into potential future federal income tax savings for the Debtors. The Debtors’ NOLs are a valuable asset because the Debtors generally can carry forward their NOLs to offset future taxable income and tax liability, thereby potentially freeing up funds to meet working capital requirements and service debt. In particular, the NOLs may be available to the Debtors to offset taxable income generated by transactions completed during the course of the Chapter 11 Cases.
156. It is my understanding that the Debtors’ ability to use their tax attributes, however, could be severely limited under Section 382 of title 26 of the United States Code as a result of the trading and accumulation of their equity securities prior to consummation of a chapter 11 plan. The Debtors thus seek to establish procedures for continuously monitoring the trading of their equity securities, so that the Debtors can preserve their ability to seek substantive relief at the appropriate time, particularly if it appears that additional trading may jeopardize the use of their NOLs under Section 382. Therefore, I submit that the relief requested in the Equity Trading Procedures Motion is necessary and in the best interests of the Debtors’ estates, their creditors and other parties in interest.
The answer to your question is in court document #14. Go read it. You can also search the following topics: the relationship between NOLs and shareholders/50% threshold/ BK-chapter11. But hopefully this information from Court docket #4 help you...
155. Equity Trading Procedures Motion.
The Debtors have generated, and are currently generating, a significant amount of net operating loss carryforwards (“NOLs” and, collectively with any capital losses, unrealized built-in losses, and certain other tax and business credits, the “Tax Attributes”) for U.S. federal income tax purposes. As of December 31, 2015, the Debtors had approximately $1.7 billion of unlimited NOLs that were available to offset taxable income. These NOLs and other tax attributes could translate into potential future federal income tax savings for the Debtors. The Debtors’ NOLs are a valuable asset because the Debtors generally can carry forward their NOLs to offset future taxable income and tax liability, thereby potentially freeing up funds to meet working capital requirements and service debt. In particular, the NOLs may be available to the Debtors to offset taxable income generated by transactions completed during the course of the Chapter 11 Cases.
156. It is my understanding that the Debtors’ ability to use their tax attributes, however, could be severely limited under Section 382 of title 26 of the United States Code as a result of the trading and accumulation of their equity securities prior to consummation of a chapter 11 plan. The Debtors thus seek to establish procedures for continuously monitoring the trading of their equity securities, so that the Debtors can preserve their ability to seek substantive relief at the appropriate time, particularly if it appears that additional trading may jeopardize the use of their NOLs under Section 382. Therefore, I submit that the relief requested in the Equity Trading Procedures Motion is necessary and in the best interests of the Debtors’ estates, their creditors and other parties in interest.
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Thanks, just trying to provide some facts and another point of view to the discussion. Just wish people pay more attention to the court documents and less to some crazy minds with ulterior motives.