read STP Chairman deposition to the court. He has to tell teh truth under the oath.
After Wuxi STP sale, STP holding has nothing left.
two sales divisions in USA and Europe. Plus GSF in italy. GSF is a fraud. no equity left. USA office close. They have a phone. call them. see if anyone would answer you.
Now, you have $550 millions bond in default. Does the left over asset worth $550 Millions????
does it worth $200 millions?????
does not worth $1 ??
even bond holders would get very little. my b=view: less than 10% if any.
STP FFFQQQ like it its symbol implied: u get FFFFQQQQ'ed
There are a lot of things I am not sure for now. But the stock movement is very similar to A share stocks. Also the factories are in China, and a lot of the parties involved are in China. It won't be strange if they want to do it by its own way.
There are lot of things weird recently. How can a small company like Shunfeng claim that it will build 3-4 GWs solar farms next year? What is the total installation in USA this year? Can you believe 3-4Gws? How can Shunfeng buy wuxi suntech? Where the heck does this tiny small company to get that much of money? Why would Shunfeng pay that much of money for the outdated wuxi suntech assets? It seems way over priced comparing with current market price. Why Chinese banks are willing to provide loans for such a small company to buy a overpriced troubled ssets? I also have a lot of questions. I wish I knew all the answers.
Even though I don't have any clues for those questions, but things are happening and I believe there is a reason that I don't know now. I am convinced that someone big wanted shares @$1.25. I think I am also willing to bet a little on that at half price.
Your comments and direction are zero- the stock is going to survive and thrive!
go away short!
Sentiment: Strong Buy
at 70 cents, sell this $hit.
i would not wish the most stupid bit$ch losing money on this one. 70 cents makes no sense. zero is the real worth.
some folks exercise their December 50 calls today. what that tells u? they are smart to get money and run!! i am glad i get to short more STPFFFFQQQ shares. bet game in town. sell call get money, short it to zero over long term.
This idiot does not even read carefully. Listen: I had long term STP loss for about 150K, had long term gain of ~300K on other solar stocks. That was long term position. I never added one share, but only traded STP this year. I may traded STP for 6-8 times this year, all small positions. Made short term profit of ~ 60K on STP this year. My overall loss of STP has dropped below 100K now. Do I make it clear? I know it is not good to lose money but I don't blame STP for it. BTW, who made money from LDK? LDK is the one that should go belly up long time ago, and I don't think it will make a comeback.
qiqi, that's perfectly ok if most people disagree with our view. but sometime, truth often lies in the hands of a few. look luck! and btw, I enjoy reading your comments and thoughts about STP on this board !
give it a year, this FQ will be canceled for sure.
Near term, when u have these $hit eater there, they can drive it up 40% in a day or two.
However, if u go straight short it, your broker must find one who is willing to loan u shares. that can be very difficult. using option works out better for me. I sold many in the money call to force a short plus some extra premium on top of the stock price. You may sell puts against your positions to pick up some extra income if this madness would last a while.
u r such a liar!
a few days ago, u said u lost 1/2 millions on STP but made it back on LDK.
now u said u made money on every trades. U r such a low life, lying on internet to yourself with no body care to even checking your results.
who cares u win or lose? your stupidity is well displayed on STP FFFFFFFFFFFFFFQQQQQQQQQ. F Q that is what u deserve.
A share, A share. #$%$ u r talking about? told u there is zero barrier to go public in USA.
you can IPO your pipi as long as $hit would eat your pipi for lunch.
worst of it, claiming u r a chinese. liar! pants on fire. there is no such stupid Chinese ever existed like u. I can believe Walt is a Chinese since he is nerdy and smart.
U $hit eater is no Chinese. May be a 1/2 Chinese bit$ch.
because u r from $hit place in china, look down by people from cities....
your stupidity is well displayed here.
they are nailing your grandpa's coffin, time to cry..
there is old saying of stubborn people: $hit won't cry until seeing the coffin..
coffin is there, STP Chairman steal the coffin in Cayman island....
US court wants to cremate you....$hit....
Not sure why you keep bringing up A shares. STP is on a US exchange. A shares behave the way they do because of peculiarities that do not apply here. Nobody that owns STP cares how A shares behave.
Bonds won't get much, and equity will get even less. Probably just a token 1% stake after all is said and done. I'd expect 5% if it was just a straight up debt-to-equity swap. But once you throw in a strategic investor who is injecting cash and assets, 5% is probably way too generous. If bonds are only getting 35%, stock certainly won't get 5%.
Valuation will actually be the main driver for the stock's behavior once dilution takes place, although it's not going to be a gentle long-term adjustment in the way valuation usually works. The share count is instantly expanding by 100-fold and the share price must fall or the valuation will also rise by 100-fold. If the price is too high, there will be a flood of value-conscious bondholders who will sell their newly acquired shares, driving the price down to a level where they are indifferent between selling and holding. It's a mechanical process rather than sentiment-driven, similar to how a stock's price adjusts after it does a stock split.
Regardless of how bullish you are on STP, it makes no sense to own the stock here. You are better off buying after the dilution. The concerted selling of the bondholders may even let you get in at a bargain price. This is of course assuming there's a dilution at all, and STP doesn't just go into Chapter 7.
Walt, I hope we can still discuss rationly. You are right on a lot of value talks, but this is STP, a dangerous stock for both longs and shorts. Sometimes you need to look at the bigger picture and have a little street smart. Valuation talk are not always consistent with stock price. If STP indeed becomes wall street darling again, they will have a different evaluation. Secondly I think the dilution would fall between A shares and American companies. Bonds won't get that much in your calculation.
They have no bargain rights, and they can tell what Wuxi did is actually benefical to them so comprise should be expected.
I believe it is a done deal already. Now they just paly their parts for the legal process and paper work. I think this outcome should be accepted by all parites involved.
Even in your blue sky scenario with the company being worth $1.5B, equity will get diluted down to 1-5%, which is only $15-$75mil. The current market cap is $130mil. It's pretty much impossible to make a plausible bullish case for the stock here and you just proved my point.
I have never saw a low level jerk like you before. I made money on every trades on STP this year. How about your naked calls today?