Replies to Post #35856 onSunedison Inc. (fka SUNEQ)

Replies to #35856 on Sunedison Inc. (fka SUNEQ)

09/08/17 5:20 PM

#35857 RE: Lorcan458 #35856

1. What percentage of yeildco shares (voting and otherwise) were owned by SUNE, it's officers and the banks and other entities that have relationships with those officers?

64% of the voting rights were held by SunEdison. No ownership of the physical assets.

2. What is the relationship between SUNE officers and the banks, funds, individuals, etc. that bought assets for pennies on the dollar?

No relationship other than selling their assets to the highest bidder. Apparently you're unfamiliar with a fire-sale.

3. Did Goldman Sachs violate SEC rules with the secret 15% loan and will KKR win that lawsuit. If so, will SUNE shareholders sue GS?

Goldman Sachs is free to loan to whomever they want at what ever interest they want. They're an investment bank which also transacts corporate loans.

4. With no chap 7 and complete liquidation, did SUNE lie about the true value of its worldwide assets?

It's not a complete liquidation. It's a shareholder wipe due to the priority rule of bankruptcy cases. Happens ALL the time. The company is still going forth in a turnaround, except without current shareholders. Completely legal and happens ALL the time.

5. Did any executives get any sort of kickback / bribe / compensation from any of the bankruptcy dealings?

Nothing that's been argued in court.