Environmental Power Corporation (EPGRQ)

[temp luvs amy]

I took another glance at the financials, and it looks like the vultures are circling. They wrote down 26 million in asset valuation last year, so the per share loss came in much higher than cash loss. They appear highly leveraged with the preferred stock as the debt instrument. I have been through these structures before, and I doubt that the common shares will survive. The cash losses and business conditions will force them to liquidate assets, and trim the business, or turn it over to the preferred shareholders.