Welcome back. The stock you've waited a lifetime for was wondering if you would return. But, good of you to show up for the funeral.
Sad! Where's our government when they're needed? If they would start putting people in jail for gaming the SEC, maybe this would stop?
Phew, got the GLBL dividend. One hurdle cleared now hope for resolution of accounting issues. For this laymen, account is black and white. Not sure why they can't retrace steps to identify problem? Blaming the accounting system is like saying "the dog eat my homework". Wuebbels was totally responsible for making sure accounting system is triple checked before implementation as CFO of SUNE. Now Wuebbels is the president of GLBL and TERP?
I say do everything to avoid BK and live to fight another day. Ahmad Chatila always said owing the assets is where the money is so protect the yieldcos and don't risk BK.
This is rapidly approaching the "F" word. If that's proven, all bets are off and people need to go to jail. How did I get involved in such a mess?
Date(s): 25-Feb-2016 6:37 PM
For a complete listing of our news releases, please click here
MARYLAND HEIGHTS, Mo. , Feb. 25, 2016 /PRNewswire/ -- SunEdison , Inc. (NYSE: SUNE), the largest global renewable energy development company, issued a statement following today's ruling from the Court of Chancery in the State of Delaware denying Appaloosa Management LP's request for a preliminary injunction with regard to the previously announced amended agreements under which TerraForm will purchase certain assets from SunEdison in connection with SunEdison's acquisition of Vivint Solar, Inc. (NASDAQ: VSLR).
"We are gratified that the court denied the injunction and now we look ahead to continuing to navigate current market conditions."
Are you saying getting $1B+ from the sale of SEMI would not be good for SUNE? Sale of stock and patents related to SEMI can only be good for SUNE.
patents are worth 5 times that amount. Glad to see you changed your "Sunedison has no affiliation with Sunedison Semiconductor" statement to "TIMING OF THE SEMI 'SUPPOSED INTEREST/SALE' IS FISHY". Do some research.
Are you serious? You have no idea what you are talking about. Sunedison ownes 23.5M shares of SEMI and holds major patents for production of wafers.
8:42 am SunEdison Semiconductor to explore a range of strategic alternatives following receipt of unsolicited preliminary indications of interest (shares halted) (SEMI) :
The Company has retained Barclays to assist in its review of strategic alternatives, which could include, among other things, a merger or sale of the Company or continuing to pursue the Company's existing operating and growth plan. During its strategic review process, the Company intends to continue to vigorously pursue its existing business plan.
Like nzvt says, just for sake of discussing SUNE goes BK....Blackstone loses a fortune in SUNE stock and VSLR probably goes BK in the near future and Blackstone loses another fortune in VSLR stock. It's in the best interest of both Blackstone and VSLR to work another deal with SUNE.
We all know the majority of buying was done by short covering on Friday as reality hits those still holding long. Shorts get their money much faster when they cover in the open market rather than waiting for settlement after the stock is halted. I believe about 20% ish covered so there are still plenty short. The ball is in Blackstone's court. There is a serious game of hardball going on. Someone needs to blink or Blackstone and VSLR are going to lose a lot of money. How does that saying go....if you owe the bank $1M, they own you. If you owe the bank $1B, you own them...something like that.
So if Tepper wins, SUNE probably on has two choices, purchase VSLR without TERP or fight another law suite from VSLR. I can't see either choice ending well for SUNE. I kinda think it could be a good thing for SUNE to stop doing deals until they can get their financials in good shape. Employees will continue to have jobs. SUNE will have time to finish projects, pay down debt, and slow down and concentrate on financial health. Their aggressive levered growth has finally caught up with them and their choices are limited. Two years from now, TERP and GLBL should be generating huge profits for SUNE. They just need to be allowed to survive until then.
Who is talking about bring down a company? It's just the opposite! Making SUNE a strong and financially healthy company again. Not sure you understand the benefits of BK.
All true, so what is your point? This is how BK works. If the company decides to issue new shares when they emerge for BK, investors will need to decide if they would invest. Probably would because the company would be in a much stronger financial condition.
Exactly !! Their huge levered growth will stop and SUNE will be forced to get their financial house in order and finish current projects. Once they emerge from BK, they can start seeking new projects and power agreements.
1. Law suites are stayed during BK. Latin America Power and VSLR suite for not completing purchase would be mute.
2. Blackstone death grip on SUNE's common stock would evaporate.
3. SUNE could get their financial house in order over the next couple of years while under the protection of BK court.
4. The absurd levered growth would come to an end and SUNE would be forced to operate like a rational business.
5. They could continue to good for the world by providing clean energy.
What's the downside for SUNE at this point?