Gary L Rainsdon, Chapter 7 Trustee, filed a motion in the US Bankruptcy Court for the final sale approval for certain assets of Hoku Corporation on October 31, 2013. For bulk sale, $3.7 million was the highest bid submitted. For piecemeal sale, 100 unique bidders submitted the high, lot-specific bids for 1,062 lots.

In aggregate, the piecemeal bids combined for $4.79 million. Trustee also seeks to allow it to consider overbids at the November 12, 2013 sale hearing. JH Kelly, Inc., Hackman Capital, Hilco Industrial and Perry Videx submitted highest bid of $5.27 million for both bulk and piecemeal assets.

Trustee requests the Court to approve JH Kelly's bid as successful bid at final sale approval.