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Re: Joe85rod post# 26790

Thursday, 08/25/2016 6:47:30 PM

Thursday, August 25, 2016 6:47:30 PM

Post# of 36208
You are reading it correctly. There will be no historic chronological financial report. Sorry to see you got caught in the SUNE cesspool. This is bankruptcy. Bankruptcy is about repaying secured creditors and leaving the crumbs for the other creditors and shareholders. Those secured creditors don't care about financials anymore. Only monetization of assets ASAP. When SUNE finally reports the only financial data you will see are for those SUNE entities that still exist on paper. SUNE tried to build a new accounting system in 4Q2015 for +2,000 legal entities which failed just as its performance wheels were falling off. When you look at all the current offers on the table for assets the net sums to SUNE are paltry. Shareholders only chance at recovery is thru lawsuit(s) which must prove malfeasance or fraud. The government has already said there is nothing there and incompetence doesn't qualify. Read between the lines: when was the last time a company entered CH. 11 without filing a Reorganization Plan on the bankruptcy filing date? Ignore the "longs". They not only do not understand GAAP accounting but they do not understand the caveats and disclaimers in the opinions of auditors and authorized financial personnel.

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