Since the company's economic model isn't viable...it's hard to see why anyone would want to buy it, let alone put more $$ into it...
I guess they planned to make it up with volume.
Al Gore should be forced to buy it.
I bid $57.23 if I’m not saddled with their debt.
Can at least sell their scrap metal for something.
Bankrupts commonly think their company can be saved by a buyer. It is delusion.
The buyer that is successful will buy the place for a penny on the dollar at the bankruptcy auction and mine the assets for salable junk
Solyandra was the victim of falling prices while it’s very existance was subsidized? Who was minding the store for the US taxpayers? I guess their Chinese competitors were getting even more money from their taxpayers in a kind of bidding war to see which planned economy was more stupid?!
Maybe Newsweek can buy them with that $1 buy-in deal they themselves were bought for.
Along with 'If you like your insurance you can keep it' Obama always said at speeches and rallies 'We wil create Green jobs that cannot be shipped overseas'. I remember back in 2009 or last year Glenn Beck doing a blackboard lecture showing how the Chinese will be easily able to make these solar panels cheaper than these companies in the US that Obama gave the money too, just as they did.
Back in 2009 Obama's base liberal black voters really believed that Cap and Trade would create all these new high paying union jobs here, the new domestic auto industry. That is why they never complained about the C+T taxes to pay for it. Carbon energy is still way too cheap compared to any of this.
Let’s send a message to Hollywood.
“Matt Damon, do you care about the environment? Buy this great green company! Just skip one private jet you planned to buy”
Perhaps General Motors can take all the profits from the sale of Volts and use it to buy Solyndra.
(at Zero Hedge - but this guy, Bruce Krasting, has been quoted on National Review)
http://tinyurl.com/SOL-Inventory
“On July 29, 2011 Solyndra (SOL’) ... sold both the Accounts Receivables and the Inventory of the company. Solyndra Financial (a subsidiary of SOL) was the seller. The purchaser was a newly formed company called Solyndra Solar II LLC...
“I have information from a former Solyndra employee... I believe that the following is factual:
“It seemed like the company had been hoarding panels in the last month. We were producing a great deal of material, but holding off on shipments.
“We were stacking up panels everywhere. Our old building was packed with them, but we had some huge orders in the works. Usually we shipped most of the material in the last week of the quarter, so this was not completely unusual.
“We had close to three months worth of panels and we were on track to sell about two hundred million this year. That works out to about fifty million in inventory.’”
Also, just for fun, search for Solyndra on eBay. A million dollars worth of inventory on “Buy It Now” status? Huh?
http://www.ebay.com/sch/i.html?_from=R40&_trksid=p5197.m570.l1313&_nkw=solyndra&_sacat=See-All-Categories