Yes, you will be paid out $0.00.
Pursuant to Section 6.02, the existing ADR facility will be terminated, effective 5:00 pm (New York Time) on September 14, 2015 (the “Termination Date”). From and after the Termination Date, only if the Depositary has sold the ordinary shares represented by the ADRs then outstanding, or received a distribution from the Company in respect of those shares, Owners and Beneficial Owners will receive the proceeds of any such sale and any distribution from the Company on a pro-rata basis and net of applicable taxes, fees, and charges. However, based upon information currently available to the Depositary, there appears to be reasonable grounds to believe that there is little to no likelihood that the Company’s shareholders or ADR owners will receive any distribution in respect of their ordinary shares or ADRs representing ordinary shares of the Company.
Roger Dejun Ye, currently a partner at 4 solar funds that invest in solar projects and before that the head of sales at Suntech Power, has been named SPI's (OTCQB:SOPW) new CEO.
He replaces Min Xiahow, who will now serve as deputy chairman. Xiaofeng Peng remains the solar project developer's chairman.
Read the section "Tale of Two Bankruptcies" of this article:
also this article:
Here is another URL :
Here is the URL, read the "Tale of Two Bankruptcies" section:
They cannot provide URL because its BS just like it sounds like. Ceo and family.. LOL What a joke!
They're pumping it hard in Order to Dump before the Cancellation this month.
Hear the stock is going to be Cancelled this month.
Give the stock another 7 days, then sell if you are not happy with direction...is all I can say. How long you holding shares? what price?