User 114223

LDK Solar: The Soap Opera Continues

Good counter-article. You've provided a spirited defense for the company. It was becoming a one-sided match thus far. The key now comes down to the Auditor Report. That can determine whether the company will survive or flourish, and I'll tell you why I say that. The company will have to raise money over the next 6 months or earlier. They have I believe sub-$300 mil on the BS. They are paying Fluor ~$1 billion over a couple of years. FSLR did an offering recently to expand. LDK needs to do the same to continue expanding rapidly. They can't envision a secondary at the $40 levels. If the Auditor Report unearths serious cover-up, the stock's an also-ran - it's over I feel because it will kill the company's ability to raise meaningful cash. If the auditor's report is OK with some conservative write-off and the issue closes, this stock is much higher and they can do the secondary and flourish. Anyhow, just some educated guesses here. We shall see. But good work on your part to offer this counter-defense, even though it's in your financial interest.