I believe that MM is using "Shareholder" in the wrong context. He is assuming SUNE's shareholders are to be considered during asset sales when the inherent meaning is that the third party co-owners of the projects (i.e. shareholders of the projects) are the parties that need protection from SUNE's travails. Today's announcement that SUNE will no longer fund the yielcos interest expense is a further indication of SUNE's downward spiral.
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