zendoc1love
Solar Investor-
Content count
237 -
Joined
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Last visited
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Days Won
4
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Interesting
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Today's gap down from 62
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Yes, Odyd. My mother and a good friend both passed away recently and I haven't been spending near the amount of time following the solar space lately. I try to check in to assess everyone's view point, but haven't had the wherewithal to contribute much.
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Good move. GLBL bonds suggest solvency.
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I like the TERP volume. Tepper confirmation is big to me
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When were you looking?
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Yes. It seems like this is Tepper's fight. And he doesn't start things just to start them. This is going to make a great movie or book, but I'm still wondering about the ending
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Wow! What a drama
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My thought is they aren't close to ready. They have put devco on hold from lack of liquidity
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Ok. Got it. So you think $392 million of immediately operational assets?
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Ultimately Banks may force the obligation commitments on TERP to buy $580M in assets from SUNE. Where are you getting this value from? Are these completed assets? If they are not completed (as many of the assets that SUNE may claim to have right now because of their liquidity constraint not allowing them to be finished) then the value would be nowhere near $580 million. Selling not completed assets would not be at arms length. I think that SUNE will have trouble from the Indian assets sold to GLBL.
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I think that both Tepper and the parties who have their loans guaranteed by shares in the Yieldcos will look after TERP and SUNE. A post of mine from SA article: Who will protect the Yieldcos? I think that Tepper has shown obviously that he will do what needs to be done to protect TERP. He has, however, asked that a number of people leave the organizations including Wuebbels and Blackmore as they have been hand selected by SUNE. I see this latest move as a way to protect the court of public opinion perhaps foisted on the yieldcos by the DIP negotiations that are purported occurring. Shares of the yieldcos have been used to guarantee loans and the parties who have given these large loans know that the yieldcos are one of the only remaining sources of equity in the entire SUNE complex. I think that these parties have a vested interested in optimizing the equity available to them.
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Tepper continuing his activism is huge for me. It assures me. I would hope that SUNE files 10 k or declares bankruptcy soon so that the Yieldcos can be built up from within, but one never knows with SUNE
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Tepper calling for rearrangement of SUNE self serving conflicts committee
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TERP is still a good value at these levels. Might dip short term but medium to long term it's pretty solid