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BaeMonster

05/26/16 5:03 PM

#22791 RE: light1soldier #22789

The DIP financing will be put ahead of commons like Fangster said. However, it is a necessary measure to restructure successfully. Otherwise, we would have to resort to a complete liquidation and we would have to go through a fire sale which would spell out doom for commons.
The DIP financing will hurt us now yes, but in the long term if things do go well and if the shareholder committee is approved, it could benefit us down the road.
To build muscle, you must first tear the muscle down for it to regrow bigger and stronger. I believe SUNEQ has the potential to do just that. Rock on ladies and gents.
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Fangster

05/26/16 6:22 PM

#22802 RE: light1soldier #22789

Actually, I am very aware!

No idea what your getting at on the dip financing. It will reduce common equity - period. Sure in your ex if equity left over, commons survive to whatever extent they do...

The yieldco 's are VIE's and for this purpose you can only count the equity value sune has in the stock.

I just little to no value left over when the dust settles.