Sunedison Inc. (fka SUNEQ)

[FEED_THE_FOXES]

IMO, SUNE is now under a severe cash crunch and is hanging on by a thread. On 10/17, not less than 13 firms (legal, accountancy and financial advisory critical to the bankruptcy resolution process) filed with the Court requesting that they had not been paid in full thru August 31st and wanted their services paid in accordance with rules as agreed by the Court at the inception of bankruptcy. Given the large number of waiver filings before the Court filed over the last two months, the projected cash flows for SUNE will not only not be met but those firms essential to a smooth resolution of the bankruptcy process for the sale of all assets, is now in jeopardy due to non-payment for services rendered to achieve the stated objective. It is not in the interests of the DIP Lenders to alienate individually, or collectively, those firms whose cooperation they need, to get paid in full. Despite numerous postings, current or deleted, expressing a contra-view, SUNEQ is in a very precarious position at present and may not survive Ch. 11.