Sunedison Inc. (fka SUNEQ)

[FEED_THE_FOXES]

The unsecured creditors have now acknowledged to the Court that they are not going to get paid (Docket #2305) given the huge difference between monetization of assets and debts owed: “…it is unlikely that there will be meaningful, if any, recovery for unsecured creditors absent litigation or a comprehensive settlement. In other words, as suspected, these cases are in fact being run for the benefit of the secured lenders.”

SUNEQ has also been given approval by the Court once again to push out deadlines, e.g filing the Plan of Reorganization with exclusivity until April. So when is current commons going to realize that there are no more days of 50 cent or 1 dollar per share let alone a viable future for SUNEQ?