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looking good either way
Just have to weed out proffit takers who got in at .11 or so... should take much time the .10 support is huge.
ENERQ.....Exhibit UNI-SOLAR Products at PV Expo 2012 in Japan
ENERQ is the largest manufacturer of thin-film flexible photovoltaics in the world
COCA-COLA GREEN BUILDING
New solar roof can produce 1,600 usable hours of electricity annually with a cost savings of more than $60,000 per year
United Solar, the global manufacturer of UNI-SOLAR® lightweight, flexible solar modules and a wholly owned subsidiary of Energy Conversion Devices, Inc. (ECD) (OTC:ENERQ.PK), announced that Kanematsu Corporation will be exhibiting UNI-SOLAR products at the 5th International Photovoltaic Power Generation Expo (PV Expo 2012) in Tokyo, Japan from February 29th- March 2nd.
PV Expo 2012 is being held at the Tokyo Big Sight venue. The Kanematsu booth is located in the solar/module zone of the exhibit hall at booth number E41-47. The booth features all of UNI-SOLAR's unique photovoltaic (PV) solutions, including the PowerBond™ enhanced photovoltaic laminate (ePVL), PowerMembrane™ and PowerPlate™. Also on display is a solar-powered "Disaster Kit" designed and sold by Kanematsu, featuring a UNI-SOLAR ePVL-68 laminate, combined with an inverter, battery, cable, and storage box packaged together in one convenient kit.
"United Solar is proud to be exhibiting at PV Expo 2012 in Japan with our strategic partner, Kanematsu Corporation," said Julian Hawkins, President and Chief Executive Officer of ECD, United Solar's parent company. "This conference provides the perfect opportunity to demonstrate how unique and differentiated our solutions are among the commodity glass-based solar products."
In addition, Dr. Subhendu Guha, Chairman Emeritus of United Solar, delivered a presentation at the technical conference on the technological advancement of high-efficiency and low-cost thin-film silicon solar cells. His presentation took place on Wednesday, February 29th from 12:30-2:30PM in the Conference Tower and focused on the accomplishments and challenges of the thin-film silicon PV industry. Dr. Guha is a well-known authority in thin-film silicon PV and has authored/co-authored more than 300 papers. He was the recipient of the World Technology Award in 2005 and PVSEC award in 2009.
c
Should see a nice strong day today. The support was beautiful yesterday in the .10-.1102 range, almost $40,000 in support The longer people hold, the higher we will go..
We will look at TRIDQ they were in the same position and now there up 5x there low!
lets hope we're saying the same thing tomorrow..
ENERQ: I'm glad I'm in...
Congrats on the nice grab
ENERQ looks like it might rebound like TRIDQ...In for 10K @ .118
not all convertible note due in 2013 must be paid in full by cash, therefore left money, I say 100 mln, may be used to pay off creditors, the balance by new stock, this is a ch11, company will remain alive but with less debt and only some assets, judge will decide if old equity holders entiled to be part of new stock issued, equity committee and speculation will drive this to dollar land, too much oversold imho
I know about $3.56 p/s on hand, but you gotta count the liabilities also. Looks like from yesterday's contratc from Uni-Solar puts ENER into allmost positive territory...
Buying more today...
@least 3.56$ per share cash on hand, absurd!!! according wsj they will use some of its 145 mln $ (excluding 58 from basf to buy ovionic and those from south korea sales) to manage ch11 and pay trade creditors and employees, equity committee should be formed now to protect commons
ENERQ: Another PR out... Looks like their sub UNI-SOLAR is bringing lot's of $$$$...
http://finance.yahoo.com/news/kanematsu-exhibit-uni-solar-r-131554624.html
last time i checked shareholders were NOT unsecured creditors.... nice to be excited but this news is nothing new
THIS IS HUGE FOLKS!!!!
'Debtor estimates that funds will be available for distribution to unsecured creditors'
http://www.kccllc.net/documents/1243166/1243166120229000000000002.pdf
Interesting... keep me in the loop.
UNI-SOLAR(R) to Power 3.45 MW Solar Installations in South Korea
AUBURN HILLS, Mich., Feb 29, 2012 (GlobeNewswire via COMTEX) -- United Solar, the global manufacturer of UNI-SOLAR(R) lightweight, flexible solar modules and a wholly owned subsidiary of Energy Conversion Devices, Inc. announced today the shipment of 3.45 megawatts (MW) of its UNI-SOLAR photovoltaic (PV) laminates to South Korea for two separate projects with its distribution partner, KC Energia Co., Ltd., a joint venture partner of KC Cottrell, a Korean solar PV solutions provider.
The first, a 2.1 MW installation consisting of approximately 14,580 UNI-SOLAR laminates, is located at the Gwang Yang Port Distribution Complex, specifically designed for Yeosu Gwang Yang Port Authority "Green Port". The laminates are expected to generate approximately 2.6 million kilowatt hours (kWh) of electricity and reduce 1,678 tons of carbon dioxide annually.
The second, a 1.35 MW project located at the Dang Jin Waste Management Facility, consists of 9,375 UNI-SOLAR laminates installed over 365,111ft². Annual electricity generation expected is approximately 1.4 million kWh.
Both solar PV projects were developed by Korea East West Power Company, a global leading energy company specializing in engineering, procurement and construction. Korea East West Power Company developed the project in cooperation with United Solar's distribution partner, KC Energia Co., Ltd.
"UNI-SOLAR PV laminates are the most lightweight solar PV product available in the Korean market, and approved by Korea Energy Management Corporation KEMCO," said Salama Naguib, Vice President of Sales for United Solar. "United Solar is focused on expanding its markets through globalization of sales, and we see great opportunities for solar PV in Korea. We look forward to continued partnerships with KC Energia and KC Cottrell."
United Solar has more than 25 years experience in the solar industry, is the largest manufacturer of lightweight, flexible solar panels in the world, and has been awarded nearly 70 United States patents for various technological advancements.
YUP starting to look alive !!!!! I got my .12's
ENERQ will see over $.20 sooner or later. All these BK's allways come up with some BS buyout news after the plunge....
Enerq is going back up today I can assure you!!!
Big order for south Korea link below
http://finance.yahoo.com/news/uni-solar-r-power-3-155556908.html
I closed my position with ENERQ today. Im on the sidelines guys Good Luck
Some big guys are buying any big blocks at the ask, did you notice that too?
Hedge funds are buying this company at the open market.
365000shares at a single contract, means alot and have only one explanation.
ENERQ is a buy and hold.
yeah, i saw that.
Yep, thinking a pincher play imo
wow?? MM closing out their positions? that's a bunch of shares though
What was that late print 365k at $.1534 ?????
This has made a higher low every day since the Q got slapped on. A nice run should come this or next week IMO.
Borders group went from .25 to .06 to .14 after first BK announcement for over a 100% gain, second big bounce was .14 to .02 to .06 for 300% gain all with the the knowledge that the common shares were being cancelled. good call about Borders! if this is bottom then we should be hoping for a bounce to .25-.30 in VERY short term
This proves the argument. There is huge upside potential here in the "short" term timeframe.
Look bro, this is not the first BK filing that has had that in it. Look at BGPIQ, the posted the same thing and traded for months afterward. With the same pattern as I described, a slight trend upward then a pop, and crash it was over. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65031363
And another one that is still trading today Evergreen Solar
http://epoverviews.com/articles/visitor.php?keyword=Evergreen%20Solar
Evergreen Solar Seeking Chapter 11 Reorganization (Reg. & Leg.)
Evergreen Solar
Date: 2011-08-17
Evergreen Solar, Inc. (nasdaqcm:ESLR), a manufacturer of String Ribbon7® solar power products with its proprietary silicon wafer technology, has voluntarily filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. In conjunction with the Chapter 11 filing, the Company entered into a restructuring support agreement with certain holders of more than 70% of the outstanding principal amount of the Company's 13% Convertible Senior Secured Notes, or the supporting note holders. Pursuant to the restructuring support agreement, the supporting note holders have agreed, subject to certain terms and conditions, to implement the restructuring to be effected through one or more sales of certain of the Company's assets pursuant to section 363 of the Bankruptcy Code, including the Company's String Ribbon™ wafer technology business assets.
As part of it's reorganization, the Company will reduce its U.S. and European workforce, suspend operations at its Midland, Michigan filament facility, and maintain 50 people supporting development, 10 people in administration, as well as 25 people supporting industry standard wafer development in Wuhan, China. The Company's Wuhan China manufacturing business is expected to continue, depending on market demand, while the Company engages in discussions with its investors in China regarding possible changes to that operation and its sources of financing, including the possibility of transitioning its operations to the Company's new industry standard wafer technology.
Based upon estimated values, the Company's assets are expected to be insufficient to satisfy all its obligations to its creditors. Accordingly, it is expected that no distributions will be made to holders of common stock and the common stock will be extinguished upon consummation of the Chapter 11 plan. The Company says it has the requisite funding to operate in Chapter 11 and will continue to operate but with additional operational changes necessary to continue to reduce expenses. (Source: Evergreen Solar, August, 15, 2011) Contact: Evergreen Solar, Richard G. Chleboski, VP, Strategy and Bus. Dev.,(508) 357-2221
I could keep digging and find many more but its not worth my time. These statements are simply formalities. See ya later dude and Good Luck to you
I'm done here, everything you need to know is in the filing. That i posted, seen it a thousand times before. However in this case the company is telling you up front the commons will be Gone in a ball of fire, which normally don't happen so my hat is off to the company for letting the shareholder's know in advance.
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This board is for fundamental and technical discussion about Energy Conversion Devices, Inc., ENER.
Energy Conversion Devices, Inc. (ECD) commercializes materials, products and production processes for the alternative energy generation, energy storage and information technology markets. The Company's principal commercial products are its thin-film solar (photovoltaic (PV)) modules. ECD sells its PV modules globally. The Company also commercializes materials, products and production processes through third-party relationships, such as licenses and joint ventures.
2956 Waterview Drive
Rochester Hills, MI 48309
(248) 293-0440
(248) 844-1214
investor.relations@ovonic.com
http://www.ovonic.com
www.energyconversiondevices.com/index.php
www.uni-solar.com/wp-content/uploads/pdf/FINAL_TR_Presentation_6_1_10.pdf
click on next link in Show Only These Innovators Stan Ovshinsky : www.oninnovation.com/videos.aspx
First Solar, the largest producer of solar panels through June 2010, is the biggest advocate of using Cadmium Telluride.
So far Cadmium telluride is the first and only thin film photovoltaic technology to surpass crystalline silicon PV in price per watt of peak power, but this price advantage seems to be eroding as price of raw silicon has decreased and Chinese manufacturers increase their production of multi-crystalline panels.
There are some concerns about the future of Camium Telluride based panels, specifically the very limited availability of Telluride and increased concern in Europe about long-term toxic affects of Cadmium.
To learn more about the history, manufacturing and the advantages and disadvantages of using solar panels made with Cadmium Telluride, click here.
www.solar-facts-and-advice.com/thin-film.html
The Wuppertal Institute for Climate, Environment and Energy said it conducted an appraisal of recent tests on CdTE PV modules by independent scientific institutions.
According to the analyses, it was found that if disposed of "in an improper and unprofessional way", the modules pose a threat to the environment. "The only way to rule out the risks associated with the use of cadmium in PV," explained the institute, "is to refrain from using cadmium in the first place. This requires non-toxic substitutes to be readily available, which they are (e.g. silicon-based PV)."
It went on to say that cadmium should not spread in green solar technologies, but needs to be disposed of safely. It added: "We believe similar problems may exist with lead in the silicon based modules mentioned above, although manufacturers of those modules have expressed their desire to comply with RoHS legislation should this be directed."
The scientists backing the institute include:
• Prof. Joao Pedro Alpuim, University of Minho, Portugal
• Dr. Stephan Bannas, Theodor Wessels Prize Laureate, Germany
• Dr. Daniel Dahm, Federation of German Scientists, German Association of the Club of Rome
• Dr. Antonin Fejfar, Academy of Sciences of the Czech Republic, Czech Republic
• Prof. Takashi Fuyuki, Nara Institute of Sciences, Japan
• Prof. George E. Georghiou, University of Cyprus, Cyprus
• Prof. Martin Green, University of New South Wales, Australia
• Yutaka Hayashi, National Institute of AIST, Japan
• Prof. Ferdinand Hucho, Free University of Berlin, Germany
• Prof. Tadashi Saitoh, Tokyo Agricultural & Technical University, Japan
• Prof. Ruud Schropp, University of Utrecht, Netherlands
• Dr. Markus Schubert, University of Stuttgart, Germany
• Prof. Jürgen H. Werner, University of Stuttgart, Germany
For its part, First Solar confesses to have in 2009 given out between €100,000 and €150,000 for lobbying purposes. According to reports, the PV company is also being represented by the law firm Kuhbier and is supported by the controversial PR agency Burson-Marsteller.
www.strategy-business.com/article/11111
"Many analysts have predicted an increase in demand for tellurium, a key ingredient in First Solar's panels, and one of the rarest substances on Earth. If tellurium demand rises (and the potential of ENER's phase-change memory product, which contains tellurium, will be a factor), First Solar's costs will go through the roof and Uni-Solar will become one of the leading thin-film producers. " :
www.wikinvest.com/stock/Energy_Conversion_Devices_%28ENER%29#Rising_silicon_prices_benefit_ENER
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