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FEED_THE_FOXES

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Re: Emptyhead post# 30037

Thursday, 10/27/2016 8:53:56 AM

Thursday, October 27, 2016 8:53:56 AM

Post# of 36208
Merger? +95% of the April 2, 2016 Pipeline has now been sold, is under contract for sale or is worthless with revenues of less than $500MM projected. Non-paid liabilities accrued during bankruptcy are over $800MM. The non-DIP creditors with +$2 billion owed them are seeking to stop the DIP lenders from taking all recoveries. Any Merger partner would have to absorb all the unpaid liabilities under current commons. Any restructuring which facilitates acquisition of the yieldcos would mean current commons gets cancelled. Please explain how, or why, any party would agree to be a new partner when any remaining assets can be purchased for a song. Didn't SUNE just give away its undeveloped pipeline in India for free?
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