tag:blogger.com,1999:blog-1527840491496268397.post2807819867376063338..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: WSJ: "China's Suntech Power Plans U.S. Bankruptcy Filing"Unknownnoreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1527840491496268397.post-42247878962170092702014-02-01T17:26:16.735-07:002014-02-01T17:26:16.735-07:00Could they do a reverse split on the pink sheets a...Could they do a reverse split on the pink sheets and file their financials before the appeal is denied?<br /><br />Seems like a long shot but why bother to "paint the tape" if that's the case?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-82988513700421718692014-01-31T15:46:29.459-07:002014-01-31T15:46:29.459-07:00The company said in their most recent CI court fil...The company said in their most recent CI court filing that they are are going to argue to the NYSE that the current stock price is evidence that investors believe in the prospects of the company.<br /><br />Obviously, one of the parties that is pushing for the relisting - could be the company, big bondholders, or Guolian - is painting the tape.<br /><br />When they lose the relisting appeal, they'll have no reason to prop the price up any longer, will they?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-38560671504428080892014-01-31T13:45:50.517-07:002014-01-31T13:45:50.517-07:00Sooo.. what was the benefit to the minority bondho...Sooo.. what was the benefit to the minority bondholders to give more time? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-84183025859803293762014-01-31T13:38:05.098-07:002014-01-31T13:38:05.098-07:00Only three percent of the float is short. Even if ...Only three percent of the float is short. Even if you exclude Shi's 33% that probably aren't being lent out, longs are not making very much money on lending. Especially since the cost to borrow has dropped sharply recently. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-89338970263884643952014-01-31T13:36:31.918-07:002014-01-31T13:36:31.918-07:00If your long the equity you can collect the borrow...If your long the equity you can collect the borrow fee for being long. <br />Long holders are close to making money regardless if the stock gets cancelled and is a zero. <br />The more time they can collect, the better it is for them. <br />The opposite is true for short equity holders. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-69558563585480375472014-01-31T13:24:54.175-07:002014-01-31T13:24:54.175-07:00The equity is a zero. Nothing helps the equity.The equity is a zero. Nothing helps the equity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-61001875108423338632014-01-31T13:16:45.137-07:002014-01-31T13:16:45.137-07:00The minority bondholders who pushed for chapter 7....The minority bondholders who pushed for chapter 7. <br /><br />It's good for the equity holders, majority bondholders and the company. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-72527735092533030272014-01-31T13:11:58.994-07:002014-01-31T13:11:58.994-07:00For whom?For whom?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-41142132283060284012014-01-31T13:11:44.644-07:002014-01-31T13:11:44.644-07:00What benefit comes out of giving Suntech extended ...What benefit comes out of giving Suntech extended time? Anonymousnoreply@blogger.com