This is pretty much the last thing Wall Street's nightmare stock needed
"This is pretty much the last thing Wall Street's nightmare stock needed"
The stock is fell as much as 14% on Thursday on the news that the company is being sued by Latin America Power Holding B.V. for not completing a $733 million buyout, according to The Wall Street Journal.
LAPH shareholders want a New York judge to freeze $150 million of the company's assets.
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Comment by Eric A. Tuttle on February 15, 2016 at 10:09am
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Once below $1.00 per share they (SUNE) may be delisted from the exchange. If that happens they will become hard for new investors to consider as a choice and more secret deals may take place while they are out of the limelight and less likely to be in the news. Though they may be consumed under another corporate name, so a watchful eye may be needed and again a buyer beware on that new company as well. Slime has a way of sneaking through the cracks and reappearing elsewhere.
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Comment by arthur qwenk on February 15, 2016 at 9:56am
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SUNE at $1.40 / share and shorting SUNE continues.
2/15/2016
"On Thursday, New York Supreme Court Justice Charles Ramos barred SunEdison from transferring or selling assets “without fair consideration or in the ordinary course of business,” until later this month, due to pending litigation with a group of investors in a failed deal in Latin America. What the order barred was the transfer/of assets (quoting the order) “without fair consideration or in the ordinary course of business”. Have you seen the order? I would be happy to send you a copy that clearly states this.
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could not happen to nicer folks
Paul Ackerman
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Hades should be its next destination on the DOW Jones!
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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