"A New York federal judge on 17 November allowed solar cell maker Suntech Power Holdings Inc. Ltd. (ADR) (OTCMKTS:STPFQ) to proceed with its Chapter 15 case in New York and recognized its Cayman Islands bankruptcy case as the foreign main proceeding, over the objections of a residual trust for failed solar panel maker Solyndra."
When Obama was running for election, saying how solar would be the solution to oil. A lot of followers bought in with their retirement money. $100,000 in STP at its peak would now be worth $247
Lonely over here, check on SLTD, close to same price but trading in the Millions per day. Close to an upswing on 3Q report.
The choice is clear: Buy 100 bonds for $510 including commissions. If the company pays off the bonds you will clear $100,000 because there is also unpaid accrued interest. That's the conservative "investment", but you can buy the common stock, which has unlimited potential.
Today the bonds reached a bottom trading at $1..I have no idea how the equity is still worth $53 million. Based on bond prices, this stock should be trading for $0.01.
LDKSY is in recovery; full vertical integration, sister company of Wuxi Suntech, Sunfu, 18, 000 MT of Poly, 3 GW of wafer, 64 Million dollar upgrade and returning to nameplate capacity. Strong Buy
Sentiment: Strong Buy