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A123 Systems (AONE +8.7%) has given back the majority of its premarket gains, as investors...

A123 Systems (AONE +8.7%) has given back the majority of its premarket gains, as investors examine the details of its financing deal with China's Wanxiang Group, which features a bridge loan, convertible notes, and warrants. Forbes' Tom Konrad estimates Wanxiang will be able to acquire an 80% stake in A123 at a price of $0.55/share, moderately above its current level of $0.51. (Q2 miss)
Comments (3)
  • yarzakanyan
    , contributor
    Comments (5) | Send Message
     
    A123 has reached the end of its road. For the second quarter, A123 posted a loss of $82.9 million, or 56 cents per share, and compared with a loss of $55.4 million, or 44 cents per share, in the same quarter last year. Revenue declined 53 percent to $17 million from $36.4 million. A123 went public in 2009 and has yet to post a quarterly profit. If some how their new battery does well Wanxiang will reap the benefits, not the shareholders of AONE.
    8 Aug 2012, 02:26 PM Reply Like
  • Ridetime718
    , contributor
    Comments (61) | Send Message
     
    Now things are about to change...with ability to do business in China's big market (and world market)and deep pocket funding. AONE has passed the valley of death ...
    9 Aug 2012, 09:07 PM Reply Like
  • Ridetime718
    , contributor
    Comments (61) | Send Message
     
    I think there is going to major short squeeze ...shorters need to get out before its too late.
    9 Aug 2012, 11:00 PM Reply Like
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