I don't see 10.5 million there dude... If it were 10.5 million trades it'd be rapid fire on Level2. Mope u can't have my cheap shares
During the blackout period, Plan participants will temporarily be unable to invest contributions to the Plan in the Stock Fund or transfer any amount from any other investment option into the Stock Fund. The blackout period will continue until the Company has filed its Annual Report and is current in its required SEC filings.
They are advised not to buy, it will paint a positive picture and they were not advised anywhere in the 8K to sell. Reading between the lines.
The 8K last Friday did not say sell. It said transferring funds to the stock fund or buying into the stock fund because this would show that the PPS is undervalued and paint a picture of insider buying during the quiet period. Nowhere did it say sell.
They will be restructuring debts and selling assets maybe even raise cash once the PPS stabilize since BK is not good for everyone. Default is BK noise. Tune Out!
Not true. They have until whenever they are ready to file the 10ks and quarterlies.nThe PPS will suffer with late filers and in SUNEs case it's already here. Just sit tight 10k won't be great hopefully they report a Roadmap to a rosy future.
I wonder what happens to the PPS, naturally it will rise.
Betcha someone is.
This is good for SUNE it says they are fighting for their lives and they don't want to have anyone negative hanging around. They are blaming him for the mess he created in SUNE and the yieldcos. This is positive.
Default is the same as BK noise. This will be worked out. Renewable energy is the future and banks have altered loans to help out customers in trouble. Accelerating the payment is the last ditch resort when everything becomes hopeless. At this point SUNE has assets, many patents and a backlog of orders. The end is far from near.
There is no rush anymore. I have seen this play out with another stock that a known short seller said thei stock was worth $0. Seeking Alpha and the Street were relentless in writing negative articles. The PPS tanked and their ER was delayed similarly with missing data in their new system. Took months to finally file and the report was bad of course. Make a long story short they were able to get current and the stock recovered and it has stabilized. The jist of the story is companies make mistakes and if they learn from them they will succeed to become better and bigger players. Some commented another Lehman. Well Lehman gave away money that they can't recover. SUNE has assets they can sell to get themselves out of this hole.
They can take their sweet time until they are ready to file. Probably couple the 10K with 16Q1 a couple of months from now. In the meantime, the PPS will remain at these levels while the company works their way out of this mess. Default is same as BK noise. Buyout at these levels became more of a possibility and not BK. Shorty will find out SUNE.
Nq mobile had missing data in their system they said turned out it was all bs filed had a scythy earnings tanked and regrouped.
They will trade at this level no one will bother them the 10K could be filed in December by taking their sweet time. Buy now and sell for a dollar in a few days
And agree with BX cheap. IT problems yeah right. NQ was the same way, didn't file their F20 for about a year cause there was some missing data. BK scare but trading higher today.