Everything that we own can still get wiped out even if it's a chapter 11. The reason why everyone is being so positive is because sunedison hired the same lawyers as American airliners and they came out of chapter 11 not wiping out common shares. The only way that Commons will be spared is if the judge motions is. But it's still up in the air. And will be 50/50. Yes sunedison has alot of positives going into the BK but that doesn't mean it's positive news for common share holders. The judge, the executives, and the lenders could care less about Commons. This will be a risky play to the end. But the reward is much higher then the risk.
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