Just a thought........
Fortum making a power play on India solar. Look for Hinduja or Adani to counter and announce a deal with SUNE very soon. Asset purchase? Offer to buy the company in its entirely? Who knows, but something will happen.
India bankers & politicians have big plans for solar and they won't risk another foreign entity to screw it up. An Indian conglomerate would be the right choice for their ambitious plans.
rellvalue.........you're pompous jerk. You may not agree with others on this board, but they're entitled to their opinion. Don't be such an #$%$
There are so many things wrong with this BK filing.
How does SUNE get to selectively choose which assets are omitted under the filing?
How does a Company with $20b in assets not sell anything to become more liquid? After all, they raised a pathetic $300m in DIP funds to stay afloat?
Why haven't Ahmed & board members been fired? They should be held responsible for destroying this Company,
IMO - necessary liquidity could have been achieved but bankruptcy route was taken due to excessive litigation liabilities.
What a freaking joke!
and management couldn't sell anything to come up with $300m to survive another 6-12 months? I think this had more to do with the VSLR litigation and potential damages.
in any event......a sad day for SUNE, Solar and our planet.
I hate to call you out buddy, but insiders can't buy or sell during any blackout period or while in possession of material, non-public information. You have no idea what you're talking about.
So Moopaca........Greenlight has a Board Seat and can sell their shares just before Bankruptcy? You don't understand insider trading rules.
As an insider, Greenlight would have to relinquish their board seat and wait a predetermined amount of time before they could sell shares in the open market. I don't understand this
Just read the filing and if you add up all the shares owned by each Greenlight entity it comes to 27,320,149.
You're wrong buddy!
He can't sell during a blackout period........he's an insider. He is likely brokering the sale of India assets or the entire company.
Totally agree. Hanging around to capture an additional $.35 and gloat from the possible implosion of a Company built to help save our planet? What freaking losers!