Replies to post #5601 on Beacon Power Corp. (fka BCONQ)

[mrholty]

Ilene-

I actually think the opposite. Reading the transcript of the first day motion is appears that the DOE does not want another Solyndra in their hands and therefore being overcautious.

The DOE is putting this company and themselves in a bad/difficult situation. They have given and BCON has spend $39 of the $43M but are unwilling to spend more as they are having trouble determining if the work that BCON is requesting it for is for the plant or for something else. The problem is that BCON has $15M in annual operating costs that are mostly things that are hard to break out. Does the engineer one have on payroll may spend 100% of their time this week on the project but next doing design improvements that should help the next design. Its all interrelated but if they don't get if figured out the plant is probably worth $20M or 50% of the DOEs loan.

I fully expect this to be sold in a sale as a buyer would need the people and the IP. The problem is figuring out the real revenue and how many plants are real potential.