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hokieal

07/19/16 10:09 PM

#25006 RE: iLLtrade #25003

If it is just a gamble, then I think it is a decent one (but is very gutsy). If you look back at the DIP proposal from back in April it shows that SUNE should now be past their lowest projected cash level for 2016.


cash flow

And interestingly enough, when you look at their Scenario 3, it says Status Quo with TERP/GLBL and has the big cash inflows coming from "Foreign UTL", most of which are probably not part of "the Debtors" in this bankruptcy case.

scenario 3

So if financials start getting reported, and cash starts becoming positive, and SUNE gets relief from some debt as part of Ch 11, then October could definitely see some pops in the pps (especially if an OEC is approved). $5 seems wildly optimistic but if it happens then it will be a very good year for me.