Friday, March 8, 2013

No Suntech Announcement ($STP)

Despite that weird Chinese media article about an exchange offer last night, today we saw... nothing.

Friday a week before a bond maturity (with a bond trading at 35) is sort of prime time/the last chance to address it.

If they were just going to default, this is what it would look like.

3 comments:

Jason said...

Heres another chinese article...it talks about bankruptcy, but not sure exactly what it says. Can anyone translate?

http://www.ne21.com/news/show-39172.html

CP said...

What's your email address?

I can send you a rough translation, but it is saying bankruptcy and nationalization.

Jason said...

Ok thanks CP...my email address is jasonjohnson835@yahoo.com.