"If they're not sufficient...." if true, only option left i restructure through BK. That is indeed very scary thought and could be a reason stock will tank 40-50% tomorrow.
nobody manipulates anything. The stock is down because of many problems that you already know......and now new problem of delayed financial report due to internal audits. It ain't good News.
tomorrow drop could be much bigger magnitude than the drop you see today. 40-50% haircut could be tomorrow. fasten your seatbelt.
"may be required to reassess its liquidity position" - this statement scare the heck out of longs in SUNE.
you haven't see anything yet. tomorrow opening and volume will be screaming over 100million shares and SUNE could go under $1. This is a serious problem. Any sign of wrong doing, it will be over immediately. Your only hope is stock does not get Halted tomorrow.
Financial issue is the most scariest for investors, so this could be the End if there is any evidence of fraud involved. $1 or under could be tomorrow.
It could be the end of SUNE if it does. This is getting ugly by the minute.
SunEdison Inc., the struggling renewable-energy developer, won’t release its financial results for 2015 on time.
The company announced the delay in a regulatory filing Monday.
The delay was due to several factors, including an internal inquiry that began late last year “based on allegations made by former executives” related to the accuracy of the company’s financial status.
The company is evaluating the assertions, and may be required to reassess its liquidity position, according to the filing.
because you got a company with management that don't communicate sheet to the Wall Street. The only news you get are all bad news...Hawaii cancellation, LAP lawsuit, Tepper lawsuit, etc. So far, you don't even get an announcement from the company on when they will release its earning report.
this ain't good for SUNE stock right now with Tepper taking SUNE to trial. Last time, SUNE stock dropped to 1.25, so it could be as ugly this time again.
a disaster to SUNE's pps if Tepper wins. stock would be in the 0.25-0.50 range.
My interpret from this is that Tepper is telling " don't fack with me" - LOL
He is moving forward with the trial lawsuit.
Not good....this could be huge set back for SUNE.
He got the power to kill a stock and hold it hostage. Don't mess with Tepper, he is super rich and can afford to fight this war with SUNE.
Huge debts and lawsuit ain't good for this stock.