Don't Short-Sell The Rule Of Law
although the common suggestion is that SUNEQ shares cancel/ and it still is the most likely outcome. This assertion doesn't become truth until judge Bernie drops the gavel.
the court case has a few late breaking discovery appeals pending, which could draw the BK into more comprehensive detail than expected.
If discovery produces evidence that some members among the #1 or #2 class creditors (Secured or Unsecured) --- were actively abetting/ aiding/ or perpetuating a Fraud, then their standing to claim assets from Chapter 11 could immediately be revoked/ moved to Zero, or significantly diminished.
In that occasion, the #3 creditors/commons shareholder interests, if isolated from the securities fraud/ credit scheme, could receive preferred treatment, or at a minimum the shares may persist/ or receive conversion into a newly chartered SUNE ticker.
For this scenario to manifest, the judge needs to be presented with some particularly damning evidence, and secured/unsecured creditors would need to be wittingly found as parties to the fraud, and judge Bernie would need to determine the Commons to be victim/ in standing to receive compensation/ grievances
Stranger things have happened, keep in mind,
we are still a Nation of Laws
[re: TP as Ben Franklin for a Reason]
