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Re: A deleted message

Thursday, 08/04/2016 11:45:07 AM

Thursday, August 04, 2016 11:45:07 AM

Post# of 36208
You have your facts twisted. According to the Court Docket in SUNE's most recent financial summary they had $4.5 billion in liabilities and $102 million in assets. In the same report they stated that as of the CH. 11 filing date they had less than $2 million in unrestricted cash on hand. In order to get to less than $2 million in cash from the end of 3Q2015, after deconsolidating TERP and GLBL from the 10Q, SUNE blew through $870 million in cash when you add in the $231 million they stole from GLBL. SUNE's problem is they can't generate operating cash flow. That is why they are being liquidated.
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