Replies to post #5597 on Beacon Power Corp. (fka BCONQ)

[Ecomike]

I guess the downside of this, is it will be hard to convince any new customers to buy a new plant from a company in BK court.

Up side may be that they may be able to settle any unsecured debt for nearly 0.00, and may be able to sell assets for a profit, while the court holds the hounds at bay. But sadly, my experience with these is that the lawyers get all the money, if there is any, and maybe secured debt holders get the crumbs.

One other upside, is the cash burn rate should drop way down, even with the lawyers at the feeding trough!

Only reason I see to bother following this one is the IP seems to be quite unique and valuable, at least the DOE, and the power companies that control the DOE, thought it was. Westinghouse would also be interested buying the IP IMHO!