My new favorite reporter...
Sunedison Inc (OTCMKTS:SUNEQ) Becomes Fireball for Shareholders
By Gene Daniel -
July 27, 2017
SunEdison Inc (OTCMKTS:SUNEQ), as many expected, will now be a shell of itself and shareholders will be holding the bag. The judge overruled any objections to the exit financing despite letters from numerous shareholders of foul play.
For those new to the story, when the Obama Administration came into office, members of the administration and those close to the President organized billions in taxpayer dollars into Sun Edison and its subsidiaries only to see it all melt in bankruptcy. The reason has little to do with the potential of clean energy and solely to do with collusion, a word the public is very familiar with nowadays.
Sunedison Inc (OTCMKTS:SUNEQ) bought a heap of wind turbines called First Wind in 2015. First Wind received $778 million in taxpayer dollars at the guidance of CEO Paul Gaynor, a former Enron executive. First Wind was crafty at gaining favor in local policy and using government insiders to gain special interest..."
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