Sunedison Inc. (fka SUNEQ)

[FEED_THE_FOXES]

The latest Disclosure Statement (Docket #3220) was filed just before midnight on Friday (May 26). Commons will now find that Intercompany Receivables listed at Book Value of $7.8 billion in the last MOR will be written down to a cash realization value of $55-$57 million. The reconciliation on the liabilities/equity side of the ledger is a write-off of equity. SUNEQ is now expecting a realization of cash in its most optimistic projections after bankruptcy expenses of less than $1 billion with unsecured creditors still seeking $4.5 billion. I hear the Fat Lady warming up backstage.