There are 316 million SunEdison shares outstanding and - at pixel time - which is still before close - 128 million have traded.
There will be plenty of day-traders.
But even then there is likely to be one or two very large new shareholders. I have no idea who they are.
Whatever: I can't imagine them leaving Ahmad Chatila (the CEO) in place.
He has refused to resign, doesn't speak to reputable credit analysts and is responsible for the VSLR purchase.
The only remaining question: how bloody is the fight over his removal?
Mr Chatila should resign quickly and leave it to the new shareholders (if they wish to identify themselves) to pick his successor.
Ultimately he won't have any choice - but going without a fight will minimise the damage.
Whether the new shareholders are new bag holders is yet to be seen. I don't think they will be but the market disagrees with me.
The content contained in this blog represents the opinions of Mr. Hempton. Mr. Hempton may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Hempton's recommendations. The commentary in this blog in no way constitutes a solicitation of business or investment advice. In fact, it should not be relied upon in making investment decisions, ever. It is intended solely for the entertainment of the reader, and the author. In particular this blog is not directed for investment purposes at US Persons.