Sunedison Inc. (fka SUNEQ)

[Hugodrax]

All the math you need to know with 100% certainty that the equity is long gone can be found here:

http://seekingalpha.com/article/3974385-public-service-announcement-sunedison-shareholders-will-get-nothing

It's only become worse since.


It's really REALLY simple. The positive "equity" is only an accounting artifact - they consolidate 100% of TERP and GLBL because they have multiple voting shares / control, but only a minority economic stake. When you deconsolidate to reflect the actual economic ownership, then adjust for worthless goodwill and intangibles, the equity is gone.

Long gone. There is more than enough information in the docket to conclude this for those willing to put in the work.

THE UNSECURED BONDS TRADE FOR 3% OF PAR

Why do you think that is? Because they are taking a massive haircut and quite likely are a zero as well.

The preferred shares, which also rank ahead of you, trade for 1.2% of par. Think about that for a second - someone buying a preferred share now gets to make 83 times their money before common equity sees a red cent.

It's not even a lottery ticket.

It's a zero. 100%. It will be cancelled with 100% probability.

The only people that own the equity are daytraders, fools, and retail bagholders.