Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I guess this board isn't active anymore...... To the MOON anyways
Volume before price, although quite a rise with this minimally higher volume.
36 mil float and 10% of outstanding short! Go CPRX
Will go lower... there is nothing left for shareholders - they robbed us! To bring in the bid from clearlake at lower than parts of THQI sold for is pathetic, to give clearlake a million dollar breakup fee is pathetic. This seems like it was an inside job to rob the shareholders of theirs - that's the way the whole market is going! You have little ups, but that's usually short lived and by the time you can sell looking at a loss!
So are they still going after that ***** and her JPM theft?
So are they still going after that ***** and her JPM theft?
Don't have any releases. Can I get them or am I just lost on my shares? Would 175 shares even be worth messing with now?
Attention to what? Last I knew they were supposed to exchange out shares or something. Maybe I didn't have enough shares left - I only had 175 shares or something like that i had purchased at 11
I had some shares in wamu before bankruptcy and I don't have any left. What happened?
Chart says EXPLOSION very soon! Either up or down, it's going one way or another big time (hopefully UP). We just need news that Farrell is out and/or removed from CEO role and the news would take this thing to $5000/share (yes, exagerating)
Hopefully far target is much higher ;) I need at least 4 to break even and look for $6 for sell point
If it was just another "stinky pinky" as you call it things would be a lot different...
The company achieved the highest tier on OTC - OTCQB
The company has an extremely low burn rate of cash - if this was a stinky pinky, shares would be continuously sold to provide for the CEO's lifestyle!
The company is working toward becoming very profitable - stinky pinkies only care about making the CEO profitable
If you hate this company so much, why don't you move on? The CEO may not be stinky pinky material - doesn't pump and dump, but the price per share will gradually/continually rise as the company grows!
I think the humble bumble stuff is great. Create a following and sr4/coh2 will sell like hotcakes
The OS is under 7 million shares - what exactly would a RS right here do other than giving shareholders a better reason to sue the hell out of the company here?
I look for a purchase offer for around $8/share as that's a decent bonus from current prices and a lot of the OS has turned over under $3/share. There isn't that much debt here (at least as of now) and at $8/share you're looking at around $200-250 mil cost for everything. EVEN just finishing the games the company currently has under way (probably $200 million cost) they could easily make well more than $500 mil with just catalog and what's under production (and some of it close to finish).
Just so long as management doesn't blow it for us all by fighting against any purchase offers for their own benefit and continue taking the company down the toilet (borrowing/spending tons of cash) just to keep anyone from being interested! They should have put the company up for sale 6 months ago
Someone bought 681k a few minutes ago... I'd bet that's short covering!
25% short didn't help that option at all either :(
Yeh, but they also pushed all their game releases back and stated they were looking at both capital/funding options
I bet there's gonna be a lot of short covering today
He's got all the stuff SEVA investors paid for... Why does he need to take more?
Just added! Averaged down... can't believe this is as cheap as it is!
Bid is starting to build, won't be long before that .66 drops!
Someone is trying to keep this at current levels - look at the ask! I bet someone went to buy, that sell order would disappear quick...
He's sorry he sold shares at .58 thinking he would get cheaper and now he's burned as doesn't have any! BOOM
Thanks... I need a great bday present! Someone run. This up to $2-3! Hurry
Tomorrow's my birthday... Maybe it's finally time for this to break out?
Great chart setup we have here! Adding to that is fairly decent insider buying and we will have a rocketship when this goes!
Hahaha.. not to mention Monday is the 6th! Someone didn't do their DD or proof read their article
Something on this board I can agree with anyway!!!
Nice to see some bid support - and very nice bid support at that! Ready to see this thing over $1
Looks like it's time... A lot of insider buying (Blumont) and price increasing! Those that wanted out got it, those of us holding, well... Get ready for a RIDE
Yes - that is correct! Multiply by 10!
Nice to see it end up where it did though, just hope it continues to go UP
BCONQ & BCND are 2 separate companies and share nothing together. I also believe it's safe to say there is no way I'd invest in either of these things!!!!
Neither has moved from the Pink Sheets as of yet, either
BCONQ's assets were sold to Rockland Capital for guarantees of the Govt loan of $30million and shareholders lose. Most employees of Beacon would be hired by Rockland Capital
Beacon Power Assets to be Sold to Rockland Capital
Leading Energy Investment Firm to Acquire Stephentown Flywheel Plant and Other Assets; Intends to Continue Beacon Operations and Build Second 20 MW Plant
TYNGSBORO, Mass., Feb. 6, 2012 (GLOBE NEWSWIRE) -- Rockland Capital, a leading private equity firm focused on energy-related investments, will acquire Beacon Power Corporation's 20-megawatt flywheel energy storage plant in Stephentown, New York, and most of the other assets of the Company, based on its offer made February 3, 2012, in accordance with the process negotiated with the Loan Program Office of the U.S. Department of Energy (DOE). Rockland Capital was the successful acquirer among several leading energy and technology firms that vied for the opportunity following Beacon's Chapter 11 bankruptcy filing on October 30, 2011.
Under terms of the agreement and subject to court approval on February 7, 2012, Rockland will purchase substantially all assets of Beacon Power and its Stephentown subsidiary, for a combination of cash and a promissory note totaling $30.5 million, along with additional guarantees and funding obligations to DOE of $6.6 million. Rockland's purchase includes all assets of the Company's 20 MW flywheel regulation plant in Stephentown; all assets in Beacon's Tyngsboro headquarters including the intellectual property, inventory, spare parts, and equipment; assumption of an amended property lease in Tyngsboro to enable continuing operations; and many of the contracts associated with operation of the business.
The acquired assets and agreements will be placed into a new private company named Beacon Power LLC, wholly owned by Rockland, which will rehire a majority of the current Beacon staff into the new company. Rockland also intends to provide the necessary equity capital to develop a second 20 MW flywheel regulation plant in Pennsylvania. In addition to approval by the bankruptcy court, the Federal Energy Regulatory Commission must approve the sale of the Stephentown assets.
Scott Harlan, Managing Partner for Rockland Capital, said, "We were attracted to Beacon Power because of its effective fast-response, grid-connected energy storage technology and its successful experience applying this technology as a frequency regulation resource in Stephentown. With the implementation later this year of FERC-mandated pay-for-performance compensation for balancing services provided to the grid, both the Stephentown plant and the one we plan to build in Pennsylvania will realize much improved revenue. We're pleased to make it possible for this company and its talented team to continue to innovate and grow, and to provide a runway to facilitate a path to commercial success."
Bill Capp, Beacon President and CEO, commented, "Rockland Capital is a well-capitalized company that has an excellent track record of successfully identifying undervalued electric power generating assets and applying its knowledge of the business and the capital necessary to develop the full potential of those assets. They recognized early on that Beacon was one such opportunity and our relationship has been positive and productive throughout their evaluation process. We're grateful for their commitment to support Beacon and we look forward to working together and achieving our commercial objectives."
The sale of Beacon's Stephentown plant and other assets was organized and conducted by Beacon's financial advisors, CRG Partners, and legal counsel, Brown Rudnick LLP. For more information on the asset sale, refer to the case docket here: http://dm.epiq11.com/BPE/docket/Default.aspx?SearchCriteria=.
About Rockland Capital?
Rockland Capital, a private equity firm founded in 2003, is focused on the acquisition, optimization and development of companies and projects in the North American power sector. The firm manages Rockland Power Partners and Rockland Capital Energy Investments and has offices in Houston and New York. More information is available at www.rocklandcapital.com.
About Beacon Power Corporation
Beacon Power Corporation designs, develops and is commercializing advanced products and services to support stable, reliable and efficient electricity grid operation. Beacon's Smart Energy Matrix, now being operated and earning revenue, is a non-polluting, megawatt-scale, fast-response flywheel-based solution designed to provide less expensive, more sustainable and effective regulation services to power grids around the world. The Company's business strategy is both to supply regulation services from its own plants and to sell systems directly to utilities or grid operators in parts of North America and selected international markets. For more information, visit www.beaconpower.com.
Forward-Looking Information Disclaimer
BCND "PLANS" to become fully reporting as of 6/12/12, although it's easy to "PLAN" and not implement
Beacon Redevelopment Industrial Corp. Announces Plan to Become Fully Reporting
http://media.marketwire.com/attachments/201107/2477_logo_120.jpghttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=897964&ProfileId=051205&sourceType=1
NEW YORK, NY -- (Marketwire) -- 06/12/12 -- Beacon Redevelopment Industrial Corp. (PINKSHEETS: BCND) today announced that it retained a full time accountant to complete financial statements for the purposes of audit. Once completed, the Company intends to file the necessary documents to become fully reporting. In the interim, the Company will continue to work with the appropriate authorities to be recognized under a voluntary filing reporting standard or under an alternative reporting standard.
The Company expects to have the records audited within ninety days. "In order to be fully transparent, we must remove ourselves from the grip of the Pink Sheets and become fully reporting," said Frank Castellano, President of Beacon Redevelopment.
ABOUT BEACON REDEVELOPMENT:
Beacon Redevelopment Industrial Corp. is a publicly traded company with 322,000,000 authorized shares. Through its subsidiaries, the Company owns over 250 acres of development land in West Virginia, the Westmoreland Glass Factory in Grapeville, Pennsylvania, 1,000 acres of coal rights in Pennsylvania, and various natural gas rights and claims.
This press release does not constitute an offer of securities for sale and contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause actual results to differ. All statements in this press release are based on information available to the Company as of today, and the Company undertakes no obligation to update the statements in the future.
Add to Digg Bookmark with del.icio.us Add to Newsvine
CONTACT:
Public Relations
Beacon Redevelopment Industrial Corporation
541 Port Richmond Avenue
Staten Island, NY 10302
(800) 239-5012
Email Contact
Source: Marketwire (June 12, 2012 - 9:03 AM EDT)
News by QuoteMedia
Little late isn't it? The vote is already over and was decided on Friday of a 1:10 reverse.
Sending your proxy form in now will do nothing! :)
And as far as the amounts... I believe from the beginning it was planned to be 1:10, but they put the other amounts in there just to appease people into thinking "maybe it will only be 1:3" or something
I don't consider this a bad thing... We may be able to get some funds that can't buy under $1 to buy into the thing after the reverse and put some pressure on the shorts finally - remember, Rubin hits a jackpot at $20/share and again at $30/share post split!
If Zerbe didn't give a crap, why go to OTCQB? Why the hassle? Why not pump and full the stock as if the stock doesn't matter?
IMO Zerbe is doing a fine job...
1). all ducks in a row
2). Shoot for achievable goals and probably surpass those goals
3). Continue to produce ways to bring in revenue (ie increase pipeline)
The money will come, give it time... PAR doesn't work with fly by night companies. If Zerbe was to call out $500to mil in revenue, would be a very short pop and people would be calling for his head! He is doing it right, give it time
And here we go... NICE trading for a stock that is going to do a RS... Are the shorts trying to cover before it happens?
Not much trading on the RS news... Looks like those few that wanted out have gotten out! I myself am wondering if this goes up/down upon the reverse split and whether those shorts are finally going to start covering since the company isn't belly up and parted out
Short Interest (Shares Short) 16,299,100
Days To Cover (Short Interest Ratio) 16.3
Wait until there's less than 7 MILLION shares available and 1.6 million shorts... How hard is it going to be for these fools to cover at that time and funds being able to buy in? I think we could easily double/triple at that time
(It's really sad that it took the company to reverse split to force shorts into covering those imaginary shares - laws need to be re-written with specific times a short is available, allowing hedgies to short into eternity if they have enough $$$ is pathetic)
Holy cow... horje is actually pumping now? Take a look at 98% of the "penny stocks" that pay a promoter. This may be one of the 2%, but the more I see the more I wish I'd have sold at .18
WTF happened at the end of the day here? Trading up to .632, then at 15:59 drops like a rock to close at .56 on VERY LITTLE volume? Seems like they pulled buy orders before selling to get it down some...
Look for us to go UP very very quick
Its on the OTCQB right now, top tier of OTC which is supposed to be just a hair below NASDAQ. Nothing wrong with where we're at, just wrong that either people aren't aware or have no reason to buy yet!
THQI upgraded to buy by a couple analysts... still over 16 MILLION shorts here
Zack's & EVA Dimensions
Zack's says THQI is a strong buy... get em while they're hot!
Confidential Treatment
Anyone know or have an idea of what the 3 CT Orders today are about?