STP is not acting like it's going to default tomorrow. Up 21% so far.

larryvand

Intermediate

Posts: 358

Date of registration: Jan 2nd 2013

Thanks: 9

Yesterday, 8:06am

STP is not acting like it's going to default tomorrow. Up 21% so far.

Gotta love the jokers of WS croooks.

Go to the top of the page

ILOVEPV

Trainee

Posts: 101

Date of registration: Jan 28th 2013

Thanks: 1

Yesterday, 8:24am

me too. They brought me a lot of money - really big crooks.

Go to the top of the page

Uncle Chang

Beginner

Posts: 24

Date of registration: Sep 29th 2012

Yesterday, 8:40am

It's like saying that Greece did not default.

STP technically Defaulted. They need European Style debt restructuring with the bondholders taking at least 50% haircut, and American GM style government bailout with cash injection and share dilution.

Go to the top of the page

explo

Professional

Posts: 618

Date of registration: Sep 29th 2012

Thanks: 31

Yesterday, 9:09am

I don't understand. They only managed to get the 2 month forebearance from 60% of bondholders. Payment is due today and 40% gave no forebearance. No news is good news on the day of reckoning?

Go to the top of the page

larryvand

Intermediate

Posts: 358

Date of registration: Jan 2nd 2013

Thanks: 9

Yesterday, 10:50am

Greece and STP are apple and oranges.

Greece got 99% of bond holders to agree to receive about 40% of the face value in new bonds and to be paid 10? years out. The rest 1% were paid by Germany.

STP only got 60% of the bond holders to agree to just wait till May. The other 40%, who's going to pay them?

Go to the top of the page

odyd12

Administrator

Posts: 751

Date of registration: Jan 3rd 2013

Thanks: 70

Yesterday, 12:21pm

I would wait when market is going to close today. Chinese media speaks of the 17th or more so the 18th for process to start. Today however is the last day to part with the stock before Monday. Remember there is boat load of short on it. People are just buying it back to save themselves paperwork.

Go to the top of the page

Toadiac

Beginner

Posts: 16

Date of registration: Mar 4th 2013

Yesterday, 12:27pm

STP

If you bought at the low yesterday,You would have a double in 1 day,Unbelievable. TSL gave back most of the gains of this morning,Next week will be a big week for the industry.Good Luck..

Go to the top of the page

Pop2mollys

Intermediate

Posts: 407

Date of registration: Jan 15th 2013

Thanks: 25

Yesterday, 12:28pm

Quoted from "odyd12"

I would wait when market is going to close today. Chinese media speaks of the 17th or more so the 18th for process to start. Today however is the last day to part with the stock before Monday. Remember there is boat load of short on it. People are just buying it back to save themselves paperwork.[/quotes )

So odyd what would you rather see this weekend? BK or bailout?

Go to the top of the page

odyd12

Administrator

Posts: 751

Date of registration: Jan 3rd 2013

Thanks: 70

Yesterday, 2:15pm

I hope nobody was naive enough to hold to Suntech by buying in last few days. It was clear it was a trap set on it. dropped to 0.70. I think by Monday Wuxi will share its takeover plans and bankruptcy plans for the subs. at that point stock will go to zero, I think. Suntech Power Holdings is a holding company, which means it owns assets in China, but in reality it is just a interest in the assets. If assets owned are bankrupt it makes the company bankrupt. I read some theories about recovery and holding the listed status, but what would be if Wuxi will take the Wuxi plants?.

Go to the top of the page

Pop2mollys

Intermediate

Posts: 407

Date of registration: Jan 15th 2013

Thanks: 25

Yesterday, 2:38pm

Quoted from "odyd12"

I hope nobody was naive enough to hold to Suntech by buying in last few days. It was clear it was a trap set on it. dropped to 0.70. I think by Monday Wuxi will share its takeover plans and bankruptcy plans for the subs. at that point stock will go to zero, I think. Suntech Power Holdings is a holding company, which means it owns assets in China, but in reality it is just a interest in the assets. If assets owned are bankrupt it makes the company bankrupt. I read some theories about recovery and holding the listed status, but what would be if Wuxi will take the Wuxi plants?.

Is it fair to say we can take a big chunk of their capacity off the books?

What was their current capacity?

Go to the top of the page

larryvand

Intermediate

Posts: 358

Date of registration: Jan 2nd 2013

Thanks: 9

Yesterday, 2:50pm

Suntech Didn't Make Debt Payment Friday
Last update: 3/15/2013 5:36:50 PM

http://custom.fmg.dowjones.com/custom/td…0b-844aea9a7de0}

Go to the top of the page

Toadiac

Beginner

Posts: 16

Date of registration: Mar 4th 2013

Yesterday, 3:14pm

STP

Ad Hoc Group, Other Supporting Suntech Power Holdings Co. Noteholders Sign Forbearance Agreement With Suntech
5:47p ET March 15, 2013 (Business Wire)
http://www.pv-tech.org/news/bondholders_…n=news-rss-feed

Go to the top of the page

Pop2mollys

Intermediate

Posts: 407

Date of registration: Jan 15th 2013

Thanks: 25

Yesterday, 3:30pm

Well the other 37% an demand their money and STP can't cover the that percent which would force BK and sale of assets to pay debt.... The majority doesn't rule in this case fro what I understand....

I really want to see them go under.... It makes those stronger solars even stronger and removes capacity

Go to the top of the page

Pop2mollys

Intermediate

Posts: 407

Date of registration: Jan 15th 2013

Thanks: 25

Yesterday, 3:34pm

BTW even if they do survive who in their right mind would buy their panels knowing the trouble there in? Customers are going to go with companies with good reputation that will be around for a long time. No matter what in my mind their dead

Go to the top of the page

odyd12

Administrator

Posts: 751

Date of registration: Jan 3rd 2013

Thanks: 70

Yesterday, 3:48pm

Toadiac If there is a technical issue about posting links please notify me. Otherwise do not post full content here.
I will edit your posts

Go to the top of the page

Toadiac

Beginner

Posts: 16

Date of registration: Mar 4th 2013

Yesterday, 4:10pm

ODYD

its from TD ameritrade,if you don't have account with password it will not post,I won't post from there anymore,someone prior to me tried to post the same thing,it did not come up,No problem i just wanted to inform the members about information with solar stocks.