Sunedison Inc. (fka SUNEQ)

[FEED_THE_FOXES]

MikeBK205: Hope for commons traded post filing? None. Hope for commons traded pre-filing? A glimmer but it will be years before resolved. SUNEQ has asked the Court for permission (i.e. to spend Estate funds) to "Examine" its relationships with D.E. Shaw/Madison Dearborn (Docket #2692) and EverStream (Docket #2694). In the first case, the principals sold First Wind to SUNE for $2.5 billion when FW was nearly insolvent. Who pays +25X Net Book Value for a company with a history of cumulative losses and negative cash flows? D.E. Shaw/Madison Dearborn have deep pockets. In the second case, TERP CEO and SUNE Board Member Carlos Domenech was a limited partner in an affiliate of EverStream that sold equity shares in energy projects which SUNE purchased. Following the bankruptcy filing, EverStream cancelled SUNE's interest in projects for failure to perform. Does Domenech have a conflict of interest?