But this is the bottom! Now there are no debts and just profits ahead.. according to what Im reading now. Edit: better put a smiley face here so its clear its sarcasm
A few people asking if they can sell this stock if it moves to OTC on Robinhood, the answer is yes. You can sell OTC stocks on Robinhood, just not buy them.
Also, if you need to brush up on CH11 and what it means, new education thread started: http://stockaholics.net/threads/chapter-11-bankruptcy-restructuring.729/
some people are saying it might be halted till monday. wouldnt the stock be delisted since it is filing for ch 11?
You know, I guess at this point everyone should agree that there is no "bright prospects" for SUNE. So it's clear for everyone you were sarcastic... Right?
Why would it be? Ch 11 is not even filled yet. And even after that, I guess, it will still be selling for some months, from what I've been explained.
SunEdison Gets Some Money to Tide It Over, But No Examiner Yet SunEdison Inc. will have to wait to learn whether and how an independent examiner will investigate the renewable energy giant’s pre-bankruptcy dealmaking, as well as whether its final operating loan can go forward. Read full article here: http://bloom.bg/1ppXXFO
so if you have shares in sune are they worthless at this point? could one hope that they would work the debt load out and gain a respectable amount? not familiar with OTC
I have not looked into their plans yet, if they have any, but the shares could be canceled and new shares issued, or some terrible exchange of 1 share of new SUNE for every 10000 shares of old SUNE, or the company could just go private and you get nothing. Anybody got details?
I only hold about 1,500 ($1k worth) hopefully something comes out of it good. Robin hood is saying its worth $0
I'm really curios why you keep holding it? I mean yeah, you won't get much from what they're priced now, but isn't it better than get a zilch? Or do those losses not bother you and you're willing to gamble?
I'm not wanting to hold, I'd love to sell but RH has it listed at 0. I don't know if they will let me
Yes, Robinhood will let you sell! The reason you see zero is because its moved to the OTC and Robinhood does not allow buys on the OT, but the will let you close positions.
Yeah, once the dust settles and what ever agreement is reached, SUNEQ either gets canceled or some sort of share exchange, but it wont be pretty.
