Replies to post #18733 on Sunedison Inc. (fka SUNEQ)

[Juschilln]

Yep. That's been my experience. Did pretty good with HERO though, but usually I don't think that's the norm.

[es1]

Really. .. 100% of the time?
Explain WMIH then.

They went full blowen BK
Sold off assets.
ATTEMPTED to cancle equity but couldnt.

Low pps in BK .02
High about .30 if i remember right

Assets 32b
Liabilities 8b

Equity got shares in the emerging company at about .50 after about a 1:19 ratio and the pps is at $2.30

Distributed another 2m shares a year later to BK holders giving another dhare for each 30 shares issued at the BK close
Still holding escrow markers for future distribution of assets left over

Should be getting a cash payment of between .17 and $15 per share when the assets are dealt with.


100% wrong is all i can say.
You need to look into this a little more.

[Flogrown]

Nonsense. IF they issue new shares, shareholders have first rights of refusal for conversion. They must offer current shareholders newly issued shares.

[Stock_Gambit]

100% of the time it works 70%........

[amc]

Yes when most companies that file BK with liabilities greater than assets, but it's a different story here. They would have to pay the commons here with assets being greater.