Not hovering at Bankruptcy...
it is just a term to scare banks into not wanting to finance the deal...
makes things look way worse than they are so the deal will not go through.
I absolutely believe that they wanted the deal at first, but once Tepper opened the case, it caused the big sell off because of the "Courts being involved"...people get scared, and want nothing to do with litigation cases...no one wants to go to court and testify, so it was easiest to sell and walk away.
After the shares started dropping in August/September, SUNE thought better of the deal, and found their way out by claiming that there are investigations going on inside the company...thus allowing reporting of financials to be delayed.
We already know they have enough cash to continue for a full year at normal operation rates/production rates.
I will not be surprised at all when the delayed 10K comes out that everything is fully on line, and they have enough cash for years to come. Only after they get to walk away from the Vivient deal on March 18th?
In My Own Personal Opinion Of Course!
In My Own Personal Opinion Of Course!
