Hoku Scientific looks at options for survival - Hawaii Business

Tens of millions in tax payer funds spent to finance Hoku (via Act 221).

In exchange, 28 employees (maybe even some more!)

Plus now a fire sale.

For tens of millions, the state gets a few dozen jobs for less than a decade and an impending collapse. Another Act 221 Winnah!

Has the high tech tax credit really stimulated this kind of activity here? Maybe this should be repealed to help reduce the State deficit. Our State should concentrate on tourism which is our backbone.

If there are all these GREEN JOBS and all this big PUSH to switch to Solar and Wind- WHY is this company going under?

WHY did Pickens cancel his Mega Windfarm project in Texas?

Sounds like the GREEN JOBS and SWITCH to alternatives is just another SMOKE and MIRRORS deal.

SOMETHING is REALLY WRONG with this picture!

Dats da price of paradise.

Another Taxpayer wrote:

Has the high tech tax credit really stimulated this kind of activity here? Maybe this should be repealed to help reduce the State deficit. Our State should concentrate on tourism which is our backbone.

true..I said this one eyar ago

This company went public at $6 a share. The investors need this company to survive.

The sovereignty freaks want all high tech business out of the state. Their goal is to end democracy and free markets.

Wall Street wrote:

This company went public at $6 a share. The investors need this company to survive.

I'll bet a lot of them were local people, backing the "home team." Kinda like backing UH football... possibly with Sugar Bowl results.

Let Hoku make it without public handouts.

alice wrote:

Let Hoku make it without public handouts.

When we do the same for GM, Chrysler, and AIG, I'll agree with you.

that's what you get with such a pedigreed mgmt team - why not just turn the pocatello plant into a brewery - call it hokey brewery - fools and their money...no whining please

Hoku is just another shibai that stole public funds and afiled.

Das da price of paradise, hon.

dewdalohajoey wrote:

Das da price of paradise, hon.

We may hafta pay a price to live here, sonny, but U couldn't give Nashville away fer free.

coolalohajoe wrote:

<quoted text>We may hafta pay a price to live here, sonny, but U couldn't give Nashville away fer free.

Oof Oooof!!!

Hawaii Taxpayer wrote:

Tens of millions in tax payer funds spent to finance Hoku (via Act 221).
In exchange, 28 employees (maybe even some more!)
Plus now a fire sale.
For tens of millions, the state gets a few dozen jobs for less than a decade and an impending collapse. Another Act 221 Winnah!

Now, the voters will never bother to research who sponsored and supported the legislation.
So much easier to blame Lingle, Bush and Palin.

http://www.hawaiifreepress.com/main/ArticlesM...

HOKU needs to become another Akaka Scam --like Sandwich Isles Communications

SIC is getting $500 million to to wire 5400 Hawaiian Homeland lots at $93,000 per lot--the construction cost of a small house--just for high speed internet and phone service.

If Hoku could get in on this SCAM- they could get maybe $500 million to install solar panels on 5400 Hawaiian Homes around the state.

YOUR TAX DOLLARS AT WORK!

Hellina Handbasket wrote:

If there are all these GREEN JOBS and all this big PUSH to switch to Solar and Wind- WHY is this company going under?
WHY did Pickens cancel his Mega Windfarm project in Texas?
Sounds like the GREEN JOBS and SWITCH to alternatives is just another SMOKE and MIRRORS deal.
SOMETHING is REALLY WRONG with this picture!

Yeah, it's called lobbying and collusion by the energy companies to retain their profits. Hoku was NEVER a viable business and their size is so insignificant that it doesn't matter.

coolalohajoe wrote:

<quoted text>We may hafta pay a price to live here, sonny, but U couldn't give Nashville away fer free.

They're trying but no takers!

Wall Street wrote:

This company went public at $6 a share. The investors need this company to survive.

Like GM and AIG?