'Nuff said.
In early pre-market action the stock is up 12.5% (6 cents) to $0.54. This is on top of yesterday's 15.63% move. I haven't checked to see if you can borrow shares but that's the way I'd lean.
From the Financial Times' BeyondBrics blog:
Suntech jumps as it awaits surgery
The share price of Suntech, the Chinese solar giant now in bankruptcy court, jumped 15.6 per cent in New York on Monday after a Chinese media report said Warren Buffett might invest in the struggling company.And from StreetInsider:
It’s the latest twist in the saga of Suntech’s spectacular demise. The company has gone from being the world’s largest solar company in 2011, to defaulting on international bonds worth $541m in March 2013, to landing in Chinese bankruptcy court late last month.
Now, the company is essentially in the hands of the local government in Wuxi, where Suntech is headquartered. The bankruptcy court in Wuxi has appointed a team of ten local government officials to manage the process.
In an interview with the Chinese paper Economic Daily, the head of the bankruptcy team Yang Erguan, a member of the Wuxi New District Management Committee, described Suntech as a “patient in critical condition” awaiting surgery....MORE
Suntech (STP) Receives Listing Standards Notification from NYSE
Suntech Power Holdings Co., Ltd. (NYSE: STP) has been notified by the New York Stock Exchange (the "NYSE") that the Company did not meet the NYSE's price criteria for continued listing standard because, as of April 4, 2013, the average closing price of the Company's American Depositary Shares, or ADSs, was less than $1.00 per ADS over a consecutive 30-trading-day period.
Under rules, the Company has six months following receipt of the notification to regain compliance with the minimum share price requirement....MORE
