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Re: spidaman post# 5873

Monday, 02/13/2012 11:30:12 PM

Monday, February 13, 2012 11:30:12 PM

Post# of 5964
The court news that was posted here last week by others that bids were accepted by the court, from the high bidder, for all the companies assets, and the total bid was at least 10-15 million dollars (as I recall) less than the companies debt. It was not even enough to pay off the DOE loans. So there are no BCOND assets left, just an empty, worthless BK, shell. IIRC someone posted court details that the stock would be cancelled, making it worthless, un-tradable, but even if it is not official yet, rest assured the game is up on this one.

I have seen this too many times, since the 1980's.

There are no assets left, no working capital left, end of story now.

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

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