Sunedison Inc. (fka SUNEQ)

[FEED_THE_FOXES]

DD75: The most likely reason for the spike is a long term gamble that the multitude of civil suits to follow will find a culpable deep pocket that has to pay commons something. The risk is that all commons held from both before and after the bankruptcy filing get compensation. IMO, chances of any recovery for Old Commons purchased post bankruptcy is zero.

Civil Courts generally take the position that only those shareholders who were damaged during the period in which they were entitled to financial disclosure and didn't get what was required are due damages for debtors failure to comply with law.

The commons trading activity that has occurred since SUNE's filing is largely attributable to those without the business acumen necessary to understand what went wrong with SUNE and how bankruptcy works. You can put them in the same realm as the people who like to play the "one armed bandits" in Las Vegas.