You are correct, as I stated, it is a grant of 24M and not a loan for their PA project. They will need 'strategic investors' to get this going and is one of the points of this BK as they had troubles getting financing after the Solyndra fallout.
The goal is to sell the plant in NY, not to liquidate Beacon as a whole business so the employees wouldn't be going with the NY sale. That's why I stated earlier that they would need Beacon to complete it and to help with the plant so whoever buys it is going to need Beacons services.
Mr. Capp reduced the value of the plant to $12M for that very reason, but I highly doubt that bidders are going to bid that low, like I said, it'll be a revenue generating business once it's completed.
Take a look at the court docs, it's all there.
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