InvestorsHub Logo
Followers 1
Posts 179
Boards Moderated 0
Alias Born 10/18/2016

Re: Lorcan458 post# 35518

Monday, 07/31/2017 1:52:49 PM

Monday, July 31, 2017 1:52:49 PM

Post# of 36208
This does not help shareholders who bought after the news of the margin call. I believe the news of the margin call came out in December 2015 shortly after the November 25 massacre. I was a shareholder prior to the massacre and sold in January 2016 after the news SUNE couldn't file their financials due to poor internal controls, so hopefully I can recover some losses.

But the preferred shareholders have a very valid claim against Goldman Sachs. They're receiving zero in BK and they bought into the preferreds at $1000 a share in late 2015 and never received a dividend. How does it feel to go from $1000 a share to $0 in months knowing the underwriter for your shares margin called on a loan triggering the company's collapse.
Join InvestorsHub

Join the InvestorsHub Community

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.