I think Q2 will be the last quarter that is "relatively" soft going forward, albeit better than last year's Q2 owing to the gross and net contributions of 6S. My "guesstimate" is for $7.1mm in revenue and $1.1mm in pre-tax and about $750-$800 in net income. (or .07/share). If they maintain the $.11 dividend then it is a strong telegraph that these numbers will tick up going forward. If they cut back on the dividend then they are sending a very negative message about the future. I also think they will use "Brexit" as a "shield" to declare some headwinds going forward even though their revenues and expenses are about equal in the UK and thus the currency movement should be a non-issue unless they are experiencing one or the other in $$ rather than in GBP?
To me this is the "telltale" quarter which will determine whether this stock will start a new climb or languish where it is.
Offsetting his cost (and a lot more) will be a HUGE "leaning" of the overall company, cutting literally millions from their annual SG&A, so hopefully the expense is just a leaf scar; however the concern about revenue could be real, especially moving to the "software as service" monthly pay model in the early stages. I expect next Q to be last "soft" quarter and then expect the bottom line to really begin to motor in Q3 and beyond.
In Chapter 11 it is the SOLE responsibility of the Judge to gather as much information as possible in order to make sure that the "priority" of creditors is observed, while allowing a company the protection that Chapter 11 provides to reorganize. Compassion is not one spec of the process EVER!
Notwithstanding the willingness of a long list of "bagholders" filing a motion in support of an equity committee, it is highly unlikely that there will even be such a committee, much less any value for the current common shareholders. Only the "new" shareholders will get to continue with Sun Edison after the reorganization is finalized and the judge bangs his gavel.