Replies to post #33879 on Sunedison Inc. (fka SUNEQ)

[beachboy3]

Moving the court, not "motioning!" I don't know what you are thoughting.

[Emptyhead]

SunEdison's Preliminary POR continues hiding Assets:

1.-Remaining Assets ( Non debtors subs): According to docket 1503 , 9 months ago these Non debtors subs had 7B net book Value. $ 7 Billion !!!
Where are they? SunEdison has stated they have not valued these assets while Parkhill has said the same.
Where's the money ??

Remember, Creditors are only entitled to the equal value of their loans not the Assets !!!

2.- Financials Statements to support that plan.
Still ongoing litigation with YieldCos Sales to BAM , DE Shaw lawsuit , and 1B VSLR lawsuit...ect

Much still has yet to be decided. SunEdison will not get away with further robbing shareholders equity to benefit the Secured Creditors ;)

[eq001]

Out of time; and out of money...

I already estimated they would run out of cash before the end of June based on the MORs; despite having ONLY bank balances as reliable financials.

A rights offering? Seriously; with few employees and no assets; who would invest? .. Can they actually complete a rights offering before they completely run out of cash?

They admit themselves that a sale of the Terraforms will not complete [if the complete] before the 2nd half of 2017; so there won't be any cash from that before the end of June.

IMO DIPs will not lend without collateral.