Sunedison Inc. (fka SUNEQ)

[taniag]

Only relevant to the investors who invested in the $650M of preferred stock. http://www.prnewswire.com/news-releases/sunedison-announces-pricing-of-650-million-of-perpetual-convertible-preferred-stock-300129905.html

There's no expected recovery for these preferred. Last traded at $0.10 a share.
https://www.google.com/finance?q=OTCMKTS:SDSNQ

But a legit gripe from the investors who pumped in $650M in August 2015 at $1000 a share and wound up with a company on the verge of collapse 2 months later and eventually suffering a total loss. The market cap of that $650M in preferred stock is now only $50k. They would have done much better if they waited and became 2nd lien creditors, or waited some more and became DIP lenders.