Sunedison Inc. (fka SUNEQ)

[FORTY-8]

"SunEdison, which got permission to draw $90 million on the loan package last month, has said any liquidation would be an “orderly sale process and wind-down.”

Without the loan, SunEdison’s only option would be a “fire-sale liquidation,” Homer Parkhill of Rothschild Inc., the company’s financial adviser, said in court papers filed late Wednesday."

So then ... either a "wind-down" or a "fire-sale".

Ominously, common shareholders are not mentioned in either scenario. And there's that pesky little 'problem' of there being no 'Equity Committee' to make their interests known to the Court.