tag:blogger.com,1999:blog-1527840491496268397.post8284139441363434411..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: "Suntech Commences Proceeding in the United States in Support of Restructuring Process" $STPFQ $STPUnknownnoreply@blogger.comBlogger14125tag:blogger.com,1999:blog-1527840491496268397.post-28954870278698143402014-03-05T17:57:31.657-07:002014-03-05T17:57:31.657-07:00What is the next catalyst to send STPFQ lower?
B...What is the next catalyst to send STPFQ lower? <br /><br />Bond trading has dried up and the Shunfeng deal should be formally approved by March 13th. <br /><br />Have they published the first gazette notice? When will this company be dissolved?<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-85284545954301067202014-02-28T14:15:48.555-07:002014-02-28T14:15:48.555-07:00Seems like there is a lot of time before the stock...Seems like there is a lot of time before the stock gets cancelled.<br /><br />Any timeline for when this could be wrapped up and liquidation complete?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-61796773810619690822014-02-28T13:04:52.398-07:002014-02-28T13:04:52.398-07:00Buy ins and end of month shenanigans. The only que...Buy ins and end of month shenanigans. The only question is: when will this stock ultimately be cancelled. <br /><br />Right now, the BK professionals are just bleeding the estate dry.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-82551835622513901312014-02-28T12:59:32.016-07:002014-02-28T12:59:32.016-07:00You can expect price volatility like this. It is m...You can expect price volatility like this. It is mainly a result of short and long squeezes. STPFQ is still on a downward trajectory.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-86730760171941443172014-02-28T09:02:44.551-07:002014-02-28T09:02:44.551-07:00Of course there's no news. It's just the l...Of course there's no news. It's just the last day of the month.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-16311970169718877222014-02-28T08:17:21.139-07:002014-02-28T08:17:21.139-07:00Any news out there?
Stock traded above .50 with ...Any news out there? <br /><br />Stock traded above .50 with volume this morning. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-200647961812694392014-02-28T08:01:23.353-07:002014-02-28T08:01:23.353-07:00Any news out there? Stock trading above .50 with s...Any news out there? Stock trading above .50 with some volume. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-37007041222335778232014-02-24T08:31:17.340-07:002014-02-24T08:31:17.340-07:00Stock is holding up well considering the news. Up ...Stock is holding up well considering the news. Up on the day Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-89860733649511658302014-02-22T15:29:27.870-07:002014-02-22T15:29:27.870-07:00It looks like it was just a summary of financial i...It looks like it was just a summary of financial information in the DECLARATION OF DAVID WALKER AND IAN STOKOE IN SUPPORT OF CHAPTER 15 PETITION OF SUNTECH POWER HOLDINGS CO., LTD. (IN PROVISIONAL LIQUIDATION) FOR RECOGNITION OF FOREIGN MAIN PROCEEDING. There doesn't seem to be a "balance sheet" per se.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-66232287549014663862014-02-22T15:25:45.017-07:002014-02-22T15:25:45.017-07:00Anonymous above needs to tell us what exhibit that...Anonymous above needs to tell us what exhibit that was from... there's tons to dig through.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-91413703090778601042014-02-22T15:25:22.491-07:002014-02-22T15:25:22.491-07:0014-10383 Suntech Power Holdings Co., Ltd.
Case typ...14-10383 Suntech Power Holdings Co., Ltd.<br />Case type: bk Chapter: 15 Asset: No Vol: v<br />Date filed: 02/21/2014 Date of last filing: 02/21/2014 Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-71545604539961668052014-02-22T15:09:59.885-07:002014-02-22T15:09:59.885-07:00How to find the balance sheet in Pacer? what is th...How to find the balance sheet in Pacer? what is the file/case number?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-85943665862146215182014-02-22T13:12:45.538-07:002014-02-22T13:12:45.538-07:00What exhibit is that from?What exhibit is that from?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-80151314040260852472014-02-22T12:49:16.718-07:002014-02-22T12:49:16.718-07:00The balance sheet in the Chapter 15 filing is flim...The balance sheet in the Chapter 15 filing is flimsy:<br /><br /><b>Assets</b><br /> 1) $3.19m cash in Caymans left from an initial $3.5m DIY financing tranche.<br /> 2) $2.58m restricted cash against a required $2.78m (likely due to fx differences).<br /> 3) A PRC exporting license<br /> 4) Shares in the insolvent BVI subsidiary, PSS.<br /> 5) Intercompany debt claims of $1.46 billion.<br /> 6) A $264m judgement ruling in Singapore and other claims related to purported share transfers.<br /><br /><b>Liabilities</b><br /> 1) $575m principal + interest due to note and judgement holders.<br /> 2) $50m principal due to the IFC.<br /> 3) €354.2m debt facility and a €200m master lease in connection with GSF due to CDB.<br /> 4) An incalculable amount of inter-company debt. <br /> 5) <i>Equity.</i><br /><br />The following deceleration summarizes the entire petition: "the sole business of Suntech is the administration of its restructuring, which activities are based in the Cayman Islands and include the collection, procurement, management and administration of Suntech’s assets by us, as JPLs."Anonymousnoreply@blogger.com