Yes, I agree that making sales while they're in BK might prove difficult, but if they emerge with a clean balance sheet, they could make it as a leaner company. And certainly, the lawyers typically bleed the estates dry in BK court, so the prayer is for a speedy resolution...not always what the attorneys seem to go for!
I think there are two major issues here, and depending upon how they're handled, and when Beacon emerges from BK protection, they might be OK as an ongoing concern...the credit has dried up for "clean tech" co. from what I've read, although this will probably change as the economy improves. Additionally, it seems that these technologies are not completely self supporting yet, but again, if they can make it through this they should be OK.
Whether the shareholders are protected or not...is another story...I don't have enough financial information yet.
The hearing on November 18 should give some more information, as will the filings leading up to it.
Ilene
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