Sunedison Inc. (fka SUNEQ)

[FEED_THE_FOXES]

Forgive the Longs for their optimism. In 99.9% of cases (IMO) there is some basis for believing that a company can resurrect itself. However, SUNE is a clear case, based on both the information available and the opinions of the experts at hand, that SUNE has no value, has no cash flow and has no future. All the MOR’s and Stalking Horse bids with no auction premiums corroborate those opinions. They are selling off all the low hanging fruit with the best cash flows. The reasons for SUNE’s demise will be made clear in the post-scripts. It was a house of cards that relied on debt without supportive cash flows and when new debt dried up they collapsed. They even put their scam on GLBL for $321MM when third party lenders said no more. There is no opportunity to develop new green energy projects without boatloads of cash. SUNE burned all of its new money bridges. It will never get new cash again. End of story.