That's correct, it's almost complete due to the two flywheel issues and I suspect some other minor issues. That'll take Beacon's expertise to complete.
This part is incorrect:
That is the reason that they filed the BK
Beacon filed for BK because of the Solyndra fallout. It's in the court docs and all over the papers. Beacon is a company that's never had issues with getting financing or paying it back and of course, they invested a lot of their own money into the NY plant which put them into a precarious position when that fallout occurred.
If Beacon can't get an financing from the 'strategic investors' that had been mentioned in the court docs, then I suspect they're in trouble. I don't think they're going to give away the farm for as cheap as you surmise though. Selling the NY plant is not end-all for Beacon. It's their technology and staff that's worth big bucks.
We'll know in the next 60 days how this is going to turn out.
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