Right to the extent that there will be no distribution. Shares must trade until the bankruptcy is finalized and the POR is executed. Then shares are cancelled and SUNEQ will be no more and shares disappear from your account. The reorganized company may continue with new equity and new shareholders, or may go private. Under Chapter 7 the entire company gets sold and disappears, and there may or may not be a distribution to shareholders, only if all the creditors get paid. It will not even be close here. No shot.
Just read the POR. Once the TERP (already closed)and GLBL (special stockholders meeting 11/13) mergers with Brookfield are completed and SUNEQ has received the cash proceeds and any stock to be issued therein, then OLD SUNE stock will be cancelled (SUNEQ to you) and NEW SUNE stock will be issued to just the Qualified Creditors in accordance with the hierarchy of Payments. So unless there is a major hiccup SUNEQ will disappear the week of November 13th. The only value of SUNEQ stock thereafter will be in pre-petition ownership if a successful suit against third parties can be launched. So put the stock certificates in your safety deposit box and forget about it.
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