I'm sure there's many that would disagree with me, but the way I see it is that from SUNEQ's books, assets are higher than liabilities. This doesn't however take into account the true value of a number of their assets. Just because SUNEQ paid $X Million for an asset, doesn't mean that it's currently worth that much. That being said, I think the asset value being reported is higher than true value.
Nobody is going to know for awhile what the real values are, but I really wouldn't be surprised to learn that the liabilities far outweigh the assets at the end of the day. Just keep in mind, that alone does not guarantee the company's insolvency. It's all about cash flow. As long as they can continue to drive enough revenue to cover operating expenses and debt repayments, they should be able to stay in business. It's obvious right now that they have to sell a few assets to make this possible, but this should be enough to keep the lights on.
All IMHO
