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FEED_THE_FOXES

08/04/16 7:33 PM

#25393 RE: Hugodrax #25391

Unless there are rules for the Court to make a decision within a specified time period, the OEC motion will not get decided for some time. The judge needs to see that the DIP and secured creditors get paid in full. This is going to take many, many months. If successful, then SUNE has to come up with a plan/agreement with unsecured lenders/creditors and a new business plan. And, it has to do this while cash outflows exceed cash inflows. The yieldco Interest Expenses were covered in the original DIP cash flows. SUNE has now rejected that support most likely due to failing cash flow projections. Your other conclusions about SUNE are on target.
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Yellow shoes

08/04/16 7:49 PM

#25394 RE: Hugodrax #25391

You like to use terms of absoluteness without leaving any room for hope. Plus you say dumping assets daily. I see India projects drumming up a lot of interest because solar is going for a premium over there. Isn't there supposed to be auctions coming up for the stakes in the yield cos?This goes to the highest bidder which is also premium. I like to leave room for the unexpected.