Sunedison Inc. (fka SUNEQ)

[FEED_THE_FOXES]

Not so fast! There is about $500MM from the Stalking Horse deals that should come in over the next 4-6 weeks. However, since it takes 53-54 days to produce a cash flow report, i.e. MOR, that could be produced in 24 hours, you won't know about their cash position until January 2017. The insiders, i.e. DIP lenders, hold all the cards and control where SUNE ends up. The contracts for the CEO and CFO are scheduled to expire at the end of October. Assuming they get paid all monies due before then, they could be retained to close out any scheduled sales. If the expected cash comes in as forecast this could be extended for many more months as the DIP lenders seek the monetization of the yieldcos. On the other hand, this whole situation could also collapse when the cash runs out earlier than expected.