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Post# of 5964
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Ecomike

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Ecomike

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Re: ilenes post# 5599

Sunday, 11/13/2011 3:02:59 PM

Sunday, November 13, 2011 3:02:59 PM

Post# of 5964
Only thing I think I can add to your post (as I agree with it all, good post!) is that US DOE will likely be the biggest dog in the BK proceeding early on since they guaranteed $39 million (which is most of the current debt load) of the debt that helped fund the NY flywheel power plant. Question then, is how will they play their cards. Solyndra (SP?, which had something like $500 million in US DOE loans IIRC) went directly to chapter 7 liquidation, so it may not be a good guide?

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

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