Replies to post #18976 on Sunedison Inc. (fka SUNEQ)

[Spuds McKenz66]

do they have a employee share pkg.

[MasterBlastr]

Many projects will be coming online and producing revenues, so revenues and profits should continue to improve as we move through BK. Good chance that as time goes on the DIP loan will be repaid, and things could start looking damn good. It will take time, as in months, even into next year. We may never know what is going on outside of the monthly reports to the court, and whatever hits the docket. Good DD'ers will be following PACER religiously. Accept no substitutes ;)

[k9narc]

20.7B in assets might fetch them 10B in a fire sale. There is value. SUNEQ is broke, but is it worth fixing.

If this goes under, commons get less than zero.

Too much at stake. I'm betting on funding, or a buyout.

[protagonist12]

Here's a good followup summary from a Seeking Alpha contributor named "Value Investor Today"

"In the Cook Declaration, the company had $22,558,901,863 of assets and $17,938,469,411 of liabilities as of Dec. 31st, 2015. The problem with this, however, is that at least $2 billion of that is made up of intangibles & goodwill which have no economic value whatsoever. An additional $2.4 billion of that amount does not exist anymore (cash position), making the best scenario for the asset value $18.6 billion, which is an amount that BARELY covers the increasing liabilities. The liabilities can be adjusted upward with the new $300 million cash infusion that will be quickly spent, as well. So you're looking at a best case scenario of $350 million in equity. With 436 million shares outstanding (as of April 20, 2016), and growing due to warrant conversions, equals an $0.80 BV. I believe it's much lower than that due to pending litigations. Just the litigation costs for a couple dozen current lawsuit claims will eat up the equity. Currently, the company is trading on the OTC for nearly $100 million while the equity is worth virtually nothing, especially when 100% of the assets are now collateralized."