Dear Valued Suntech Customer,
With the acquisition of Wuxi Suntech Power Co., Ltd ("Suntech" or "Wuxi Suntech") by Shunfeng Photovoltaic International Limited ("Shunfeng", HKEx Stock Code: 01165) finalized on April 7th, 2014, we Suntech are now ready to regain our position as a global leader in the solar PV market.
It's crazy that the equity is still valued at 55 million!
ReplyDeleteSome numbnuts has been covering about 50k shares a day at ~30 cents for weeks
ReplyDeletesee -
http://www.creditbubblestocks.com/2014/04/suntech-short-interest-declines-again.html
A bit surprised people are bailing now considering STPFQ borrow rate is down to only 24% now, compared to 100% previously.
ReplyDeleteFYI: Suntech Seeks New Cash After China Bankruptcy Liquidator Says
ReplyDelete