Say hello to your liitle friend CASH now.
Yes but SUNE needs 50 million a day. for loan interest and operations
Creditors will take pennies on the dollar verses nothing at all, so would you.
Say Goodbye to a dead company and shareholders lose every penny in stock..
SUNE and USA debt crisis: What's wrong with SunEdison and America? Both are over spending cash.and one
is totally cashless.
SUNE Chapter 7, not chapter 11. The courts will not allow chapter 11 because of fraud, reporting cash falsely.
It Is Impossible For The US To Default?
With so many economic, political, and social problems facing us today, there is little point in focusing attention on something that is not one. The false fear of which I speak is the chance of US debt default. There is no need to speculate on what that likelihood is, I can give you the exact number:
I think there is 0% chance that the US will be forced to default on the debt.
100% chance SUNE goes chapter 7 by Thursday.
Thank You for your service.
SunEdison, whose aggressive acquisition strategy has saddled it with almost $12 billion of debt, is at “substantial risk” of bankruptcy, one of its two publicly listed units warned on Tuesday.
Note: Short Seller Gang Member for millions in profits.
Good Morning and or Good Night
Those poor shareholders should dump shares ASAP the next few days before the value is zero.
chapter 11 was the right road to take with the 11 billion in debt hanging over their heads.
The Poor Shareholders, The CEO's Shame, The Foolish Managements Failing Company Decisions.
SunEdison planned to make acquisitions across the globe, funding its rapid growth mostly through debt. In the process, it racked up more than $11 billion of debt. One of its biggest deals was the $1.9 billion acquisition of
Vivint Sola, a rooftop solar panel installer. The deal had its ups and downs, and was severely criticized by investors since being announced in July last year.
Chapter 11 is better than chapter 7.
Bankruptcy Fears. , Bankruptcy chapter 11 put on the table after the Debtwire report, as DIP financing talks generally signal a company i to file for bankruptcy protection.
DIP financing is provided to companies in extreme financial distress, usually when they are going through restructuring or bankruptcy proceedings.
Repayment of DIP financing is usually prioritized over all existing debt, and opting for this kind of financing hints at desperation.
The endgame is seemingly approaching fast now for SunEdison with highly credible reports about potential debtor-in-possession financing negotiations hitting the wires today. Investors undaunted by the stock's volatility should consider a short position in order to potentially reap some outsized short term returns.
I don't think SunEdison will be able to pull a rabbit out of its hat in order to ultimately save the day for their badly-stricken equityholders.
As expected the company has seemingly continued its death spiral over the course of the last few weeks and constantly added new issues like an investigation into alleged accounting irregularities, a lawsuit brought by Vivint Solar after the terminated acquisition, the potential tripping of debt covenants just to name a few.
SunEdison Bankruptcy Whispers Very Scary For Shareholders.
On Tuesday, SunEdison executives declined to comment on “market rumors and speculation.” SunEd is reportedly negotiating with holders of $725 million in second-lien loans, according to a report by Debtwire, cited by Reuters.
Maybe by this Friday March 25, you may see SUNE below 75 cents.