Sounds like the US Treasury. Feds keep massive liquidity going so gov can operate. The government just never reorganizes, so it remains closer to going chapter 7
They have money improving pipeline ahead as projects are finished and put on line. Shares probably will cancel in 8 to 16 months--so lots of trading time till emergence from BK. I have shares still as I missed selling by 1 cent-- lol. I will trade my way to profit again.
Dude, they just increased the number of shares and warrants--that means dilution and down price for a while. Buy at bottom of dip in the weeks ahead, or buy something better.
wasn't stated in the recent article. Author supplied his own IDEA. Many investors have "stop sells" that just kick in as the stock drops. Many of the recent articles are not fact perfect--typical of Wall Street tactics.
We still own a part of he company till reorganization is finalized in a year or two. It may be SUNEQ, but no big deal. We may see $.20 again, but not 0 till emergence from BK. Buying low and selling high may not be an investment to you, but I like just making money instead.
Not for a year or so are they replaced in a Chapter 11. They usually go up well just before company emerges from BK. That is good time to sell when judge gives OK to leave BK. Of course traders trade them several times in between. When a company leaves BK, the old shares are dead.
different wrapper. We've known for weeks Sune was looking at all its options. The newest news is that no fraud was intended and company was a bit optimistic on its revenues. That is only new info.