Comments on: Idaho Power May Pull Plug To Hoku Plant https://boiseguardian.com/2011/12/30/idaho-power-seeks-to-cut-juice-to-hoku-plant/ A different slant on the news. Sun, 01 Jan 2012 16:15:01 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: dh https://boiseguardian.com/2011/12/30/idaho-power-seeks-to-cut-juice-to-hoku-plant/#comment-26740 Sun, 01 Jan 2012 16:15:01 +0000 https://boiseguardian.com/?p=7601#comment-26740 It is too bad that our COMMUNIST Chinese slave master enemies and their inept pals, our own local rulers, don’t believe in and practice mass Hara-Kiri (seppuku).

]]> By: Robert https://boiseguardian.com/2011/12/30/idaho-power-seeks-to-cut-juice-to-hoku-plant/#comment-26739 Sun, 01 Jan 2012 16:10:27 +0000 https://boiseguardian.com/?p=7601#comment-26739 Statesman has a article today on incentives to attract businesses to Idaho. Can’t agree with it at all.
My thoughts is if they really want to be located in Idaho they would be willing to spend there own money to make that happen. If we pay them to come then once the money is gone so are they. Enough is enough with these companys taking advantage of our state and it’s tax payers.

]]> By: Brian The Dog https://boiseguardian.com/2011/12/30/idaho-power-seeks-to-cut-juice-to-hoku-plant/#comment-26736 Sun, 01 Jan 2012 10:39:43 +0000 https://boiseguardian.com/?p=7601#comment-26736 How much do they owe Idaho Power? I may be willing to cover the cost. Just tell me what it is money wise, US dollars, not Yuan.
Thanks!!

EDITOR NOTE–Looks like they owe $1.9 million for November and if they don’t make December payment it will be much more. ID PWR is obviously trying to cut its losses.

]]> By: Zippo https://boiseguardian.com/2011/12/30/idaho-power-seeks-to-cut-juice-to-hoku-plant/#comment-26734 Sat, 31 Dec 2011 23:39:57 +0000 https://boiseguardian.com/?p=7601#comment-26734 Got a good idea? Don’t bother: http://www.foxnews.com/politics/2011/12/31/looking-to-make-buck-better-check-city-code-first/#content

Got a bad idea and want to roll in public money for a few years? Call it green and watch the green pour in.

]]> By: Paul https://boiseguardian.com/2011/12/30/idaho-power-seeks-to-cut-juice-to-hoku-plant/#comment-26726 Sat, 31 Dec 2011 19:16:38 +0000 https://boiseguardian.com/?p=7601#comment-26726 Gee whiz, I wonder if this could be another scam project. They invest a dime and keep ninety cents and send it back to China? A slow stroll to bankruptcy at investor and taxpayer expense.

]]> By: Robert https://boiseguardian.com/2011/12/30/idaho-power-seeks-to-cut-juice-to-hoku-plant/#comment-26722 Sat, 31 Dec 2011 16:04:06 +0000 https://boiseguardian.com/?p=7601#comment-26722 One wonders why they did not use some of there own product to lower those cost?
I was by there 4 weeks ago at night and the place was lite up like a Christmas tree. I wondered at the time if they had 24 hr office staff.

EDITOR NOTE–Appears they don’t have a product yet. That’s one reason we chuckle at the “cash flow” problem.

]]> By: chicago sam https://boiseguardian.com/2011/12/30/idaho-power-seeks-to-cut-juice-to-hoku-plant/#comment-26719 Sat, 31 Dec 2011 15:07:04 +0000 https://boiseguardian.com/?p=7601#comment-26719 At one time I actually owned stock in the company thinking it was the next best thing to burning garbage for electricity but when company diluted the stock and Chinese took control it was adios amigos. Number of stories on the internet but 4 years of construction and behind schedule and over budget pretty well sum it up. One report said company had as many as 500 construction workers and was burning thru cash at the rate of 20 million/month. I have been to the gate a couple of times and when I was there place looked dead. Don’t know where they hid 500 workers as it is not that big an area. Estimated total cost to complete the plant $700 million. My math on value of stock at current price 30 million

]]> By: Paul https://boiseguardian.com/2011/12/30/idaho-power-seeks-to-cut-juice-to-hoku-plant/#comment-26718 Sat, 31 Dec 2011 14:10:45 +0000 https://boiseguardian.com/?p=7601#comment-26718 Back in the day when money was chased by people for investments there were things like “due diligence, ROI, EBIT, and debt to equity ” numbers crunched along with a business plan.

Now we have money chasing people to no good purpose or profit realization. This is why the Dot.com bubble burst…all that money chasing things that would never produce a profit.

]]> By: Robert https://boiseguardian.com/2011/12/30/idaho-power-seeks-to-cut-juice-to-hoku-plant/#comment-26717 Sat, 31 Dec 2011 13:32:04 +0000 https://boiseguardian.com/?p=7601#comment-26717 And another one bite’s the dust!

]]> By: Zippo https://boiseguardian.com/2011/12/30/idaho-power-seeks-to-cut-juice-to-hoku-plant/#comment-26710 Sat, 31 Dec 2011 05:01:57 +0000 https://boiseguardian.com/?p=7601#comment-26710 Clearly this is Bush’s fault.

But while we are at it, can we please identify the people who did win something from this lemon of public foolishness. I’m guessing there is someone who departed the deal with a suitcase full of cash for consulting all the fools… and I bet they are on retainer for future foolishness too.

EDITOR NOTE–Well, the CFO actually did resign recently.

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