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BCONQ CUSIP suspended. FINRA deleted symbol:
http://otce.finra.org/DLDeletions
BCONQ CUSIP suspended. FINRA deleted symbol:
http://otce.finra.org/DLDeletions
Who Knows? I've held this for years. They still show an occasional activity
I used to own the stock many years ago. Is there a pulse still in the company's future?
Apparently Not!
Someone here?
Back to 3 easy on Wed = Today's big seller had to tidy up a MARGIN CALL in BAB- no choice but to dump eeeeeeeeeeeee
Lets get this back to silver!!!
Volume picked up today. Go $BCONQ!!!
same boat here rsaz904 - 1200 shares worth 51$ today ?
I sunk about 1500 bucks into this stock a few years ago before the bankrupcy. (lesson learned) I've held onto the stock since as I haven't had a need to make the write-off and figured it wasn't worth recovering the 30 bucks my stock is currently worth.
I find this whole preceeding fascinating and am very curious to see how it runs the course. I noticed on a report that Beacon just hired a new CCO back in July. Maybe that has something to do with the recent surge?
Is this a publicly traded comany?
HydroInfra Technologies will concentrate their efforts on marketing HNG to international shipping companies, and coal or oil-burning power plants around the world, stating that inserting HNG into the exhaust system has been proven to completely reduce pollution emissions to zero.
Well.. they made it out of bankruptcy..
Beacon Power Emerges from Bankruptcy with New Energy Storage Project
Jeff Postelwait, Associate Editor, Electric Light & Power
June 26, 2013 | 1 Comments
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Tulsa, OK -- Beacon Power LLC, a company that provides energy storage capacity based on grid-scale flywheel technology is installing flywheels and full-scale construction at a new 20 MW energy storage plant in Hazle Township, Pennsylvania.
The first 4 MW of energy storage capacity is scheduled to enter commercial operation in the PJM Interconnection grid system in September, with the full 20-MW plant operational during the 2nd quarter of 2014.
Beacon Power flywheel plants provide frequency regulation services by absorbing energy from the grid when there is too much and storing it as kinetic energy. In times of low energy on the grid, the flywheels cycle energy back onto the grid. These cycles can occur multiple times in time periods as short as one minute, making them responsive to the needs of power grid operators.
The recipient of a Department of Energy (DOE) loan guarantee of about $43 million in 2009, Beacon Power filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy court in Delaware in November 2011.
In 2012, Rockland Capital, a private investment firm focused on the energy industry, acquired the assets and certain agreements of Beacon Power Corp. and placed them in a new privately-owned company named Beacon Power LLC, according to the company's website. Rockland continues to pursue the development and commercialization of Beacon’s flywheel technology.
The company's first 20-MW flywheel energy storage system in Stephentown, N.Y. commenced full commercial operations and has had no material technical problems since, according to the company's website.
Overall availability at the plant, which uses some 200 flywheels, has been 97 percent. The plant's flywheels have performed more than 4,000 full charge/discharge cycles per year. To date, Beacon's flywheels have accumulated more than 3.5 million operating hours.
Beacon restarted manufacturing at its Tyngsboro, Massachusetts facility in December 2012, and reports that it is again making flywheels. The company began work on the Pennsylvania energy storage plant in Hazle Township in December 2012.
http://www.renewableenergyworld.com/rea/news/article/2013/06/beacon-power-emerges-from-bankruptcy-with-new-energy-storage-project
~ $BCONQ ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!
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c
Someone still wants BCONQ shares.
Why would Rockland give two hoots about shares in BCON? They got the assets and the only thing left is an empty shell. Control of a bk shell is negotiated with the debtors trustee, and there is zero sign of that on the docket. Nothing on the docket to indicate anything other than a wind down of whats left, which is nothing. Looks like a last gasp sucker run. I'm not complaining as I found 40k shares from back before the auction that I forgot to sell....they are sold now. Anyone buying here should call debtors counsel. The only odd thing is that I can't really see mass promotion in the usual places. I would love to figure out where this is coming from.
It's possible and this may be Rockland doing all this buying.
I got stopped out today. Done with this zombie. Go look at VHGI now. At least they aren't bankrupt.
Sounds like you made a lot of money already. I wouldn't be surprised, just my wild guess, to see BCON LLC go public and offer to exch worthless large amount of BCONQ shs for small amount of BCON just to clear out the "books". Using the worthless BCONQ shell is a lot cheaper than an IPO.
Wow another 1.4 mil shs of worthless BCONQ traded today.
Do we sell or do we hold? I bought a bunch of shares at .015 on a whim. I would like to make back some of the money I lost in the BK crash.
Another 1.2 mil shs of the old shell BCONQ got bought today. There were only 35 mil shs issued at the time of bankruptcy. 52 week hi at $0.10 got hit today.
I think this spells it out clearly.
http://www.beaconpower.com/company/our-history.asp
Reading this, link below, I see no mention of the bankrupt shell and the stock you guys are trading here. It mentions a new company with no stock symbol. I think wishful people are running this up and misunderstanding the news.
http://www.marketwire.com/press-release/beacon-power-poised-for-growth-one-year-after-acquisition-1774087.htm
Congrats to those that bought the bottom.
If this trend continues I'm going to retire
Technically the stock holders still own the remaining shell, but with no assets of value left (the creditors and DOE and asset buyers took all the stuff any one wanted to satisfy debt, and they were still left with a huge unpaid debt. I do not see the shell emerging from BK. With no money, no assets left, just unpaid debt, and no one at the helm I just don't see anything but a zombie bounce going on.
I guess a creditor could take control in BK court, and try do so something with the shell, but would we not have heard about this???
I held onto zombies for 8 years that finally just disappeared. Some were Bank stocks and Public utilities from the 1980s that did massive belly flops, BIG ones worth Billions at one time. One was a Nuclear Power Utility, New Hampshire. One was Collecting Bank NA set up to deal with FDIC and FSLIC bank seized assets from bank closures. I used to get 500 page reports from the court on that mess. Never got a dime out of it. The lawyers bleed it dry of assets.
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..
The "Mystery Buyer" keeps buying BCONQ.
It may be worth holding these shares then?
One has to wonder if Rockland Capital is planning to take Beacon Power LLC public through the BCONQ shell and exch BCONQ shares for the new Beacon Power LLC shares. To build out 20MW Hazel Township will take ~ $40 mil and Rockland may need to publicly raise the monies.
It's weird how after sitting in sub penny land for months the pps is starting to move as if somebody knows something. Or maybe like you said someone is trying to buy up majority shares of the shell.
They did not go private. They sold all the assets to satisfy USDOE and creditor debt. What is left is worthless, except maybe the stock shell, which might be worth $20,000. I suspect is no longer even an operating entity. No employees, no assets, and thus now non reporting.
Flippers may flip the stock on rumors for 2 years until the SEC revokes the shares.
Usually when a company goes private the stock stops trading. It's interesting though if you look at the wording is says Beacin handed over their plant to Rockland as part of the BK. Does this mean that Beacon Power still exists as a R/D or some other entity?
I think they call them zombie stocks. They can trade until someone owns enough to do a R/M takeover, or until the SEC revokes the stock for non reporting.
I don't understand how they are still trading. This is all I know.
On 30 October 2011, the company filed for bankruptcy protection under Chapter 11, Title 11, United States Code in the United States bankruptcy court in Delaware.[11][12] As part of the bankruptcy court proceedings, Beacon Power agreed on November 18 to sell its Stephentown facility to repay the DOE loan.
As of 6 February 2012, Rockland Capital, a private equity firm, bought the plant and most of the company's other assets for $30.5 million.[13] Rockland Capital intends to rehire most of staff and to provide the capital to build a second 20MW plant in Pennsylvania.[14]
Last I heard was this was a worthless shell with nothing left.
This is thin but there aren't a lot of shares out there. Before Rockland took over I believe there was a reverse split and this was in the multi dollar range. That was before the BK.
Still holding from .015
update would be nice.. the life its self is interesting.. BCONQ
32 mil shs outstanding.
Problem is no news yet as to what is happening and whether PPS is for real value.
spread is a little wide but a money maker nonetheless.
What is important and needs clarification:
(1) Will the $revenue that will be obtained from the 4MW Hazel Township PA startup in Sept 2013 be applicable to BCONQ equity?
(2) Has Rocklnad Capital worked out a deal with the BCONQ Banruptcy creditors to pay off that debt thereby making the rise in BCONQ legitimate value? What is the amount of that debt?
(3) With reported successful operation of the 20MW Stephentown NY facility does Rockland/BCONQ continue to be the paid operators?
(4) Where did Rockland get the capital from to fund the building of flywheels at Tyngsboro MA. for the 20MW Hazel Township project?
(5) Will the 20MW Hazel Township be owned by Rockland/BCONQ or will it be sold to the Hazel Township utility?
Who is still holding from .02
Any thoughts on Rockland Capital going public through Beacon?
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