Replies to post #31177 on Sunedison Inc. (fka SUNEQ)

[Hugodrax]

>>>What if the Yeildco's are clawed back? Have these 2 assets been figured into the 'hopelessly insolvency' of SuneQ?<<<

SUNEQ owns minority equity positions in TERP and GLBL. That is the only asset that SUNEQ owns related to the yieldcos, and is most certainly "figured in".

Simpletons point to "consolidated" financials which includes TERP and GLBL, but those consolidated financials include 100% of TERP and GLBL for as required by accounting rules because SUNE has multiple-voting-share control. Their economic ownership is a fraction. The statements also include billions in worthless goodwill and intangibles.

In the very unlikely event that some asset transfers to the yieldcos are "clawed back" (i.e. unwound) then the SUNEQ estate must return the cash from those purchases as well, so any impact would be marginal at best and does nothing to help equity.

The stock is WORTHLESS. If you think the equity won't be wiped, sell it and buy bonds for 3 cents on the dollar - your odds are much better, you are higher in the capital structure (above the preferred shares and far above the commons), and you make 33X your money before commons would see a nickel. Not saying you should do this - just that there is no credible reason to think commons even have a remote chance here.

There is literally no hope.