There are "plenty of asssets". They are just NOWHERE EVEN CLOSE to covering the debt.
That's why the SENIOR BONDS trade for 3 CENTS ON THE DOLLAR.
>>>at this point no1 knows what will happen to common stock...all just opinions<<<
That's not true at all. There is more than enough data to conclude with 100% certainty that the commons will be cancelled. Even the judge used the word "hopeless".
SUNEQ = a zero with 100.0% probability.
The company may survive as an entity but existing common shares will be wiped. Not even up for debate. All of the data is in the docket.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.