so what gives for a company that failed on its poly plant, its cell ines, its module business and its wafer business. A company that with proper asset valuations should have been bankrupt for nearly 1.5 years.
It was good timing. even the lowest cost producer lost over $100M and has $300M+ in backlog for their paltry 187M in sales. You can expect LDK with such a late ER to have a whopper of a loss. The one thing likely is that they will either declare bankruptcy before their ER date due to negative values or their paperbook accounting of claiming $50M from the asset sales and the proposed recent additional sales was really contracted in 2012 and thus they had $65M in added value to keep them just above zero for shareholder equity.