MeBelle
MeBelle 4 Prez 2024
- Jul 16, 2011
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Holy shit, can't you read? It's one of the OP links. Here it is again...
Mitt Romney's big green flop - BostonHerald.com
Yes please, a big shout out for reading comprehension!
Konarka has been unable to obtain additional financing, and given its current financial condition, it is unable to continue operations, CEO Howard Berke said in a statement. This is a tragedy for Konarkas shareholders and employees and for the development of alternative energy in the United States.
In its 11-year history, Konarka collected a total of $20 million in government research grants, along with $170 million in private capital. The company makes thin, flexible solar panels that its customers build into other products such as deck umbrellas, backpacks and portable chargers.
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Could it be that the original 'loan/subsidy' of $1.5M was actually paid back?
Or perhaps the company actually made some profit at one time?
Never mind comparing $1.5M to $500M+ ...