a 13D filing on SUNEDISON, Inc. (NYSE: SUNE), David Einhorn's hedge fund Greenlight Capital disclosed a 2.8%, or 11,331,833 share, stake in the company. This is down 58.26% from the 27,151,576 shares held at the end of the latest quarter ending March 31, 2016.
That's my point. Directors and execs can dump shares. Seems strange they could bail before the bad news comes out (assuming there is more bad news)
Thanks for the response. Company I worked for disallowed buying or selling of company stock during blackout period. Guess the company added the selling part.
Seems the easy, but probably wrong answer, there is good news in the works.
As you may know, a blackout period has been imposed on transactions involving the SunEdison Stock Fund (the “Stock
Fund”) in the SunEdison Retirement Savings Plan (the “Plan”). This blackout period, described in more detail below, was imposed
because of the announced delay of SunEdison, Inc. (the “Company”) in filing its annual report on Form 10-K with the Securities and
During the blackout period, Plan participants will temporarily be unable to invest contributions to the Plan in the Stock Fund
and will temporarily be unable to transfer any amount from any other investment option into the Stock Fund. Participants will continue
to be able to transfer amounts out of the Stock Fund to another investment option.
The blackout period on investments in the Stock Fund will continue until the Company has filed the annual report
current in its required SEC filings. Participants will be notified when the blackout period has ended or may call
Really? What was your first clue? Puppy turds on the doorstep? Opening under $1 and low .70's within minutes of the bell is my guess. F!
$1.15 and falling. It's over. I am now convinced we are headed to bankruptcy and me back to an office job.