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Re: hawkmd post# 28890

Tuesday, 10/18/2016 7:12:57 AM

Tuesday, October 18, 2016 7:12:57 AM

Post# of 36208
The Stalking Horse procedures, as described to the Court, offered packaged projects arranged by geography to "the highest bidder". The Stalking Horse procedures also required SUNE to offer those same packages a second time in an auction process to "the highest bidder" taken as a whole. The "highest bidder" was defined in the documents as the highest cash price to SUNE. 93% of the April 2 +5,000 MW portfolio is now committed to for sale. "Selected buyers"? "Complex agreements"? Utter nonsense. The DIP lenders are looking solely for the most cash which comes from the sale of the most viable/profitable businesses and projects. The only ignorance here is the failure of some to read the Court documents then make statements which have no factual basis.
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