Yea.. I don't understand the trading here either.. they were taken private by Rockland Capital LLC..
As previously disclosed, on October 30, 2011, Beacon Power Corporation, a Delaware corporation (the “Company”), filed a voluntary petition in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) seeking relief under the provisions of Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”). The filings, Case Nos. 11-13450, 11-13451 and 11-13452, were made by the Company for Beacon Power Corporation, Stephentown Holding, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company (“Holdings”), and Stephentown Regulation Services, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Holdings (“SRS”) (together, the “Bankruptcy Cases”).
On March 6, 2012, substantially all of the Company’s and SRS’s assets were sold in accordance with an Asset Purchase Agreement pursuant to a sale order approved by the Bankruptcy Court under Case No. 11-13450 (KJC) (the “Asset Purchase Agreement”) by and among the Company, SRS, RC Beacon Acquisition, LLC, a Delaware limited liability company (“RC Beacon”), and Spindle Grid Regulation, LLC, a Delaware limited liability company (“Spindle Grid”). RC Beacon and Spindle Grid are subsidiaries of Rockland Capital, LLC.
So is this Rockland Capital LLC's shell now? It would have been a part of the assets BCON held.. a clean NASDAQ/OTCBB shell can bring some decent money.. RM? Wish I knew what was up here.. maybe EcoMike's right and this is just a zombie..
Wolves.. The original man's Best Friend!
In search of the fabricated IR.."nope, not here either!"
