Tag Archives: vms investment group

LDK Solar (LDK) Faces Cash Crisis, Future In Question

LDK Solar (LDK) needs quite a bit of cash in a hurry to stay alive and the CEO stated in an SEC filing, “If we do not successfully execute our liquidity plan, we face the risk of not being able to continue as a going concern.”  The company has sold a $50 – $80 stake in its polysilicon business through convertible preference shares to VMS Investment Group and will raise another $150 million through a … Read the rest