Beacon Power Corp. (fka BCONQ)

[the cork]

Great points ilenes. I don't think the issue here is so much making new sales and emerging from bankruptcy as a leaner going concern though, as much as the capacity to complete what they already have contracts to do, and accessing funds they have already been approved for that were cut off. The company reported assets of $72 million and debt of $47 million in its Chapter 11 petition so it's not the typical Chapter 11 situation where the company is hopelessly insolvent and needs to emerge "leaner" to remain a going concern.

The DOE's comments equating beacon with Solyndra certainly didn't help Beacon going to the private capital market either. I think Beacon had to pledge several million in their own money to collateralize the funds that were subsequently cut off, so they don't even have unfettered access to their own money.

November 18th is pivotal.