Sunedison Inc. (fka SUNEQ)

[Hugodrax]

"""However, the facts are the facts ... and, until we get actual numbers and news from SUNE that either confirms or contradicts what they said in their filing documents, you people are just blowing smoke up people's asses"

Mkay...

I agree facts are facts. Let's test that:

"""how many Chapter 11s have you seen where the filing documents specifically state that assets exceed liabilities by more than $4 Billion"""

There's two huge problems there:

1) The "assets" were on a consolidated basis - meaning they included 100% of the assets and liabilities of TERP and GLBL even though they only own 30-40% of those entities. SUNE's stake in those net assets is simply the shares they own which have a publicly traded price.

2) $2 Billion of the assets includes worthless intangibles like Goodwill.

Making those two adjustments alone brings that $4B number to a negative number.


Just because the facts hurt doesn't mean you get to ignore them.