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Ecomike

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Ecomike

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Re: None

Saturday, 11/19/2011 2:32:52 PM

Saturday, November 19, 2011 2:32:52 PM

Post# of 5964
One thing still bothers me. If the DOE is expecting to take a loss on the loan, that implies the NY plant selling for less than the loan balance (or does it? Does Beacon get a % of the sale price of the plant, or just what is left after DOE gets its loan payed back in full?). If Beacon gets nothing out of the NY plant sale, what assets of any significant value are left and what are they really going to fetch in a BK sale? With out owning the NY plant how will Beacon collect any revenue? With no revenue, there can be no profits....and so on.

What are the other assets and what are they worth?

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

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