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.
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