{"id":6736,"date":"2011-08-17T03:11:43","date_gmt":"2011-08-17T07:11:43","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=6736"},"modified":"2011-08-17T03:11:43","modified_gmt":"2011-08-17T07:11:43","slug":"evergreen-solar-steps-into-bankruptcy","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2011\/08\/17\/evergreen-solar-steps-into-bankruptcy\/","title":{"rendered":"Evergreen Solar Steps Into Bankruptcy"},"content":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

“On August 15, 2011, Evergreen Solar, Inc., a Delaware corporation (the “Company”), pursuant to the provisions of the United States Bankruptcy Code (the “Bankruptcy Code”), filed a voluntary petition in the United States Bankruptcy Court for the District of Delaware seeking relief under the provisions of Chapter 11 of the Bankruptcy Code (Case No. 11-12590) (the “Bankruptcy Case”).” – Form 8K<\/a> filed by Evergreen Solar (ESLR), August 15, 2011<\/p><\/blockquote>\n

This is the introduction ESLR investors expected was coming at some point, but, nevertheless, hoped somehow, someway could be avoided (for example, see “Is Evergreen Solar Flirting with Bankruptcy?<\/a>“, “Evergreen Solar Confirms Its Scramble to Avoid Bankruptcy<\/a>“, “Evergreen Solar Takes One More Step Closer to Bankruptcy<\/a>“)<\/p>\n

As expected, ESLR simply could not figure out a way to pay its debt due on its expensive and burdensome 13% Convertible Senior Secured Notes…{snip}…It seems likely that an Evergreen Solar on the other side of bankruptcy will effectively be a Chinese company operating from the Wuhan, China manufacturing facility, depending on the cooperation of ESLR’s Chinese investors of course.<\/p>\n

{snip}<\/p>\n

In case you are still thinking about playing around with ESLR stock, the company provides the following boilerplate warning for a stock trading during a bankruptcy proceeding…<\/p>\n

{snip}<\/p>\n


\n
\"The<\/a>
The end of the road - the last chart I will ever post of Evergreen Solar<\/figcaption><\/figure>
\n*Chart created using TeleChart<\/a><\/strong>
\n<\/center><\/p>\n

(Click here for a recent archive of ESLR posts<\/a>)<\/p>\n

Be careful out there!<\/p>\n

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Full disclosure: (Not for) long ESLR<\/p>\n","protected":false},"excerpt":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) “On August 15, 2011, Evergreen Solar, Inc., a Delaware corporation (the “Company”), pursuant to the provisions of the United States Bankruptcy Code (the “Bankruptcy Code”), filed a voluntary petition in the United States Bankruptcy Court … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[293,165,164,16],"class_list":["post-6736","post","type-post","status-publish","format-standard","hentry","category-solar-energy","tag-bankruptcy","tag-eslr","tag-evergreen-solar","tag-solar-stocks"],"yoast_head":"\nEvergreen Solar Steps Into Bankruptcy - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2011\/08\/17\/evergreen-solar-steps-into-bankruptcy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Evergreen Solar Steps Into Bankruptcy - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I originally published on Seeking Alpha. 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