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Re: vhgier post# 5809

Friday, 01/13/2012 3:53:09 PM

Friday, January 13, 2012 3:53:09 PM

Post# of 5964
Simple deal. They own $41M to the Feds, $5M to state of Mass.

My guess is the entire business will be sold, not just the Stevenstown 20MW facility as they will need somebody to manage the facility, improve it and a buyer who buys it will probably be looking to expand the facility.

I'm not as optomistic here as I originally was as the FR market is much smaller than I originally thought. The key will be if there are multiple bidders and that these bidders will require to have vision of the US and World grid markets that see the value. If so who knows what the business would sell for. If you are a long suffering shareholder I would hold at the current shareprice as if they don't get enough to pay back the bondholders shareholders get $0 but you could get a decent return if there is a bidding war.

I'm not buying but I am watching/learning.

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