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Re: Emptyhead post# 27817

Sunday, 09/25/2016 3:00:54 PM

Sunday, September 25, 2016 3:00:54 PM

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A friend teaches finance at an MBA program. He is always looking for new material. As a retired corporate banker, I am always looking for projects to keep me busy. Sarbanes-Oxley failed here. I want to document the whole chronology.

I spent +30 years specializing in energy project finance. SUNE broke almost every rule to prudent business management in this sector. Their balance sheet was ballooned by consistently paying above market prices using other peoples money. Given the current dearth of tax equity in today's market the tax equity that is out there wants big premiums which means rock bottom purchase prices for SUNE's assets. SUNE will not be reborn which means Commons will get nothing unless lawsuits for fraud prevail.
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