05 November 2013 (05:20 UTC-07 Tango)/01 Muharram 1434/14 Aban 1391/03 Gui-Hai (10th month) 4711

The $700-million USD white elephant known as Hoku Materials in Pocatello, Idaho U.S.A., just sold for a paltry $5.273-mill!

The construction contractor responsible for building the white elephant, JH Kelly, made the offer.  This after a bulk auction brought in a high bid of only $3.7-million, and a piecemeal auction resulted in a high bid under $5-mill.

JH Kelly then made an offer of $5.273-million, which will be reviewed in bankruptcy court on 12 November.  JH Kelly stands to lose a lot because Hoku failed to fully pay the contractor for the work (as well as failing to pay a lot of other companies).

JH Kelly will probably dismantle the factory as the parts can used in oil industry construction, which is JH Kelly’s forte.   Because of the current state of the polysilicon market it is not feasible to find a new polysilicon operator, and the parts are obviously worth more than the whole.