Surely when one is watching the ceiling !!!!!! Enjoy your dreams, you never know they might get real !!!
You don't have to worry because you will NEVER be a VRX shareholder. Street corner beggars NEVER do !!!!
I have words for the administration that yahoo would not print. Will there ever be a bonfire where all the culprits will be used to grill my steak ??!!!!
Don't confuse Chapter 11 with Chapter 7. And don't forget common shareholders are owners not creditors. The primary purpose of Chapter 11 is to facilitate recovery without creditors breathing down the company's neck and disrupting operations. And, BTW, tax write offs are not symbolic of equity erosion. Not always. Anyone who takes a tax write off now will have to pay higher taxes if and when the company recovers from BK protection and the investor sells at a higher pps. In short take 6 now and pay for half a dozen later !!!!
Ah, the recent review by internal auditors didn't find and wrongdoing when the cash evaporated !!!! Who is to prove the negative ???!!!
demerson, I just wanted to say that you and some others here were right about BK, and I was wrong in my nonacceptance(owing to numerous reasons). In any event, my thinking is that shareholders being owners of a company are not treated as creditors technically. So chapter 11 will streamline and rightsize SUNE for the future, but I'm not sure that the existing shareholders will get wiped out. Even a reverse split does not achieve that. At best, the company may survive and drag down pps via a reverse stock split, but that does not decapitate shareholders as creditors would be. After all, a chapter 11 filing is meant to be a protection of owners through restructuring. To my mind a change of guard at the helm of affairs is more demanding right now instead of replacing old shareholders with new ones. That does not solve anything because shareholders did not ruin the company but the guards did.
I have been personally involved in leading some fortune 50 companies over last 20 years to transition from old to new financial systems and successfully accomplished a complete makeover within one quarter at most. So Chatila's claim that their transition is expected to take many months without any certainty is absolute hogwash. He is a lying, cheating and disingenuous AH who doesn't know what he's talking about and thinks he can keep insulting the investors intelligence. The sob should be given a bamboo up his behind to teach him a lesson.
Are you sure cobra ? Do you know the difference between Capitalism and Price Gouging ? Do you know they are mutually exclusive ?
I do not know for sure the statistics regarding B&L's contribution to VXR's revenues ( I think I read somewhere it was around $ 350 million in 2014, but I could be wrong) so can't answer your question definitively. However, the assumption you presented, is inaccurate. Because there is no 1 to 1 correlation between valuation and revenues. Reason : a company's stock price / valuation is a multiple of future expected earnings. So it's not plausible that if B&L is sold for $ 10 billion, it means It's revenue contribution to VRX is also $ 10 billion per year, even though the sale may still reduce debt by 1/3.
Because we've forgotten to kick arze. Because we've become too preoccupied with political correctness. Because we've become our own worst enemies. Because we've lost faith in ourselves and have given too much power to the politicians to screw us. Because we've become too shy of challenge and the survival instinct is almost dead within us. Because we've forgotten what leadership means any more and too willing to embrace the dominance of the minorities in our country. Because we've become too submissive to world opinion. Want more angryman ???!!!!
I am speculating here soldier, but I suspect that while the DIP financing has deflected some reporters to conclude certain BK, it is a mere preparation plan by SUNE to have the financing in place should the company feel at some future point that they have no other alternative other than chapter 11. Without DIP Chatila would have absolutely no control over chapter 11 restructuring and the BK Trustee would take over. I could be totally wrong, but I also suspect that Tepper has a hand in the massive downfall of SUNE because he wants to make TERP independent of SUNE so he has more and better control over his investment and the direction of TERP. Frankly, I personally feel that both yieldcos should sever their dependence on SUNE for all three to survive and thrive. Despite all of the hoopla I still have reservations about BK, and I suppose we will find out soon enough if my thinking is wrong.
I truly hope Chatila and/or some of his obedient idiots read posts here to understand the anguish one man's ego has caused the investing community. I hope he gets to see what most investors thing about him. I hope his spirit has been destroyed and his future obliterated as an executive. And I hope the very same of the BOD under whose watch a snake like Chatila has flourished to the detriment of the very people who took him at his word. Those who have supported his mediocrity are as much at fault as Chatila himself.
You have proved unequivocally that you have neither the aptitude nor the capacity to understand the magnitude of harm done to Capitalism, Democracy, and the American legal system. "The Treasury has the support of Tax payer " ????? Who, Laamberth's ?!!! That's an idiotic comment. But you won't understand that without American Capitalism, there would be no tax payers left to fill the coffers of the UST. It's idiots like you who perpetuate the falsities surrounding wrongdoings of corrupt administrations. You obviously are not invested in either of the GSE's and should not be here to sprout your ignorance nor be allowed to put your fingers where they don't belong. Grow up boy, you have no idea what you are talking about SH !!!
Whether "fired" or "resigned" is immaterial and failed to generate any impact. Because, most educated investors know the profile of a failed leader and know what Ahmad Chatila is worthless POS. People proud of their accomplishments never hide. Only those who get involved with "wrongdoing." If you go back some 6 months into my posts, you will see the following statements expressed by me :
1) Chatila is an egotistical idiot who should be fired. A lesser person would have
resigned with dignity. Chatila is also not a businessman, forget leadership.
2) He has fired the wrong people. The CEO reports to the BOD and Shareholders
and not the other way around. Much of the Board should be fired for perpetrating
the wrongdoing under their watch.
3) The VSLR deal should not and will not happen. Their debt is unsustainable.
4) The yieldco structure is faulty and will fail. They should be set free.
5) The Bankruptcy theory is not credible. If it were true, why would a company go
through the trouble of restructuring and reorganizing, selling assets, to reduce
debt etc. That's the Trustee's job.
But, you can believe whatever you choose.
Do you really trust WSJ or any other journal or any of their reporters. They all are driven by their own agendas and are part of the pack, supporting each other. I don't even visit WSJ web page because I don't trust them any more than you do. They don't deserve my time. Frankly, I can't trust Wall Street, so I can't justify trusting the WSJ.
I would have imagined that grown ups would have experienced by now that the "reporters" of today are no different than those expressing their opinions on these message boards. How many times have you read new stuff from a reporter which was not already shared here before the reports ? The point I'm trying to make is that numerous reporters are presenting the same darn information, regurgitated with different bent of mind and flavors, and none of it seems to be about what we haven't already known. For example demerson, you've been posting BK theories for the past 6-8 months substantiated with your % barometer. Do you think that the rest of us are fools to believe either none of it or all of it ? So when a reporter says the same thing as you did, have we not heard it here before the "reports" ? And how many of us need a reporter to tell us that this stock has shrunk from $ 30 to 50 Cents ? Maybe the real "hopelessly brain dead" do !!! Read rellvalue's comments below, for some real wisdom.