(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.)
On Friday, July 15, Evergreen Solar (ESLR) filed a Form 8-K with the SEC to announce that the company has suspended payment of $4.1M in interest on some of its debt. If interest remains unpaid for 30 days, the company will be considered in default. Creditors can take action against the company, including forcing it into bankruptcy in order to collect what they can on the money due…
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(For my archived commentary on ESLR, click here).
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Be careful out there!
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.)
Full disclosure: long ESLR