I am not sure they were really "optimists" as opposed to "flippers" who were trying to lend enough uncertainty (to an already misunderstood process) to get people to buy hundreds of thousands of shares for a penny or two higher than they paid for them.
They have dramatically changed the profile of the company. It was formerly a boring one-trick pony with one product and decent revenues/cash flows. NOW it is a "pharma" company with the prospects of developing important drugs which can possibly get FDA approvals in 2 years+ which could make this a lot more valuable. This is a good stock to put in your drawer (not your drawers) and check in periodically till 2018.
When this was a one trick pony Zika may have been a good hype story; however now that they are putting all of their chips on new drugs that day is over.
They have a huge anti-trust problem says Mr. Trump. My guess is that if it looks like he starts to do better in the polls this stock will get hit hard.
Notwithstanding the willingness of a long list of "bagholders" filing a motion in support of an equity committee, it is highly unlikely that there will even be such a committee, much less any value for the current common shareholders. Only the "new" shareholders will get to continue with Sun Edison after the reorganization is finalized and the judge bangs his gavel.
In Chapter 11 it is the SOLE responsibility of the Judge to gather as much information as possible in order to make sure that the "priority" of creditors is observed, while allowing a company the protection that Chapter 11 provides to reorganize. Compassion is not one spec of the process EVER!
Offsetting his cost (and a lot more) will be a HUGE "leaning" of the overall company, cutting literally millions from their annual SG&A, so hopefully the expense is just a leaf scar; however the concern about revenue could be real, especially moving to the "software as service" monthly pay model in the early stages. I expect next Q to be last "soft" quarter and then expect the bottom line to really begin to motor in Q3 and beyond.