Energy Conversion Devices, Inc. (fka ENERQ)

[knulp]

not all convertible note due in 2013 must be paid in full by cash, therefore left money, I say 100 mln, may be used to pay off creditors, the balance by new stock, this is a ch11, company will remain alive but with less debt and only some assets, judge will decide if old equity holders entiled to be part of new stock issued, equity committee and speculation will drive this to dollar land, too much oversold imho