Sunedison Inc. (fka SUNEQ)

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FINALLY -- This is huge news for SUNE & us investors. FINALLY a bit of good news thats going our way.

SunEdison internal investigation finds accounting issues but no fraud

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8:55 AM ET 4/14/16 | MarketWatch
By Lisa Beilfuss

Company said it lacked sufficient controls over cash flow management

SunEdison Inc. on Thursday said an internal investigation found the solar-energy company lacked certain accounting controls, but it uncovered no material misstatements or evidence of fraud.

Shares in the company, which have lost 93% of their value since the start of the year, rose to 61 cents apiece in premarket trading, a jump from its Wednesday close of 37 cents.

SunEdison (SUNE) in March disclosed an investigation (http://www.marketwatch.com/story/sunedison-confirms-subpoena-sec-investigation-2016-03-31)by the U.S. Justice Department and said it had received an inquiry from the Securities and Exchange Commission over disclosures to investors about cash on hand. SunEdison in February delayed filing its annual financial statements, citing concerns about the accuracy of its financial condition, and said that it had launched an internal investigation.

On Thursday, the company said it had completed the internal probe. In a regulatory filing, SunEdison said "certain assumptions underlying the cash forecasts...were overly optimistic," and that it lacked sufficient controls over its management of cash flow, "including extensions of accounts payable and the use of cash committed for projects."

Despite the findings, SunEdison said it identified no material misstatement in historical financial statements, as well as "no substantial evidence to support a finding of fraud or willful misconduct of management."

Read the full story at WSJ.com (http://www.wsj.com/articles/sunedison-internal-investigation-finds-no-material-misstatements-or-fraud-1460637739).