Replies to post #18018 on Sunedison Inc. (fka SUNEQ)

[BlackSnake1]

This does not mean that the share price cannot or will not go higher prior to SUNE emerging from BK! Din't give into easily, you could still breakeven or make money! IMO SUNE!!! Look at BTUU add the pink letter to see an actual company trading in BK a two weeks after BK! Good luck!

[RUNNONMT4560]

I know you said do not panic, but cancel or worthless means they are not transferable for some people who bought heavy or at a much higher price then .50 or .60 cents.

do not panic.

your shares will not be cancelled or worthless.
they will probably be worth less but nobody really knows.

i am guessing that when this opens the price will drop rapidly

it will settle and then nobody knows.... usually a bounce

[es1]

Canceling most likely wont happen.

Consider this example.

You owe the tax man $100
You owe a bank $100
You owe me everything you have left

These are your liabilities

You have $150...your assets

You are forced to pay the tax man.

You pay the bank 50 and they write off the other 50 as a loss

I am SOL

The tax man here are secured debt holders.
The bank is preferred shares
I am common shares.

When the BK is completed my money is gone and shares are canceled.

BUT....

if you have $500 the tax man is paid.

The bank is paid

And i get $350

If your assets are bigger than your liabilities your shares dont get canceled

SUNE has approx $4b more assets than liabilities.

And about 300m shares

Anout $13 a common share after ALL debt is paid.

Shares wont be canceled