Seeking Alpha

A123 Systems (AONE), which yesterday closed at $0.38, receives notice from Nasdaq that it will...

A123 Systems (AONE), which yesterday closed at $0.38, receives notice from Nasdaq that it will be delisted from the exchange unless its share price recovers to $1 and stays there for 10 consecutive business days within the next six months. A123's shares have suffered due to its worsening cash position following a battery recall and slow demand. Shares +5.5%.
Comments (6)
  • maudie
    , contributor
    Comments (468) | Send Message
     
    Another Obama taxpayer funded boondoggle.
    23 Aug 2012, 08:12 AM Reply Like
  • Will Deliver
    , contributor
    Comments (211) | Send Message
     
    If the oil industry wasn't so richly subsidized by the Federal government, the true cost of oil would be carged for their products. It makes no sense to be using petroleum, when we could be using electricity for energy in every way. AONE's products have many uses. How many times do we need our electrical grid to blackout before we realize that we have an American solution? How many years are we going to spend over a BILLION dollars a day to import crude oil? Electric vehicles cut petroleum use every time they are used!
    We need to vote those millionaires and billionaires out of Congress. They are not doing us any good!
    23 Aug 2012, 10:32 AM Reply Like
  • JohnInMA
    , contributor
    Comments (45) | Send Message
     
    Just wishing for something does not make it a reality. The transition from now to your dream of no fossil generation cannot be easily nor economically mapped in a short period of time. Blackouts, brownouts, and routine voltage flicker is not acceptable but it will not be solved by eliminating oil, coal, natural gas, etc. It would be worsened unless we are willing to pay about 3 times the price for electricity. You only have to look a Germany and Spain to see the cost of electricity is quite high when you follow the dream without full regard to the economics.

     

    Dreams are nice to have. It's a shame the dreamers don't spend enough time on real world data and planning. AONE only highlights a symptom, that there is enough market imbalance (supply, demand, intervention) that money injection cannot solve the problems.
    23 Aug 2012, 12:45 PM Reply Like
  • User 3205751
    , contributor
    Comment (1) | Send Message
     
    No millionaire shareholders in AONE.

     

    That is for certain
    23 Aug 2012, 10:32 PM Reply Like
  • Catharsis8
    , contributor
    Comments (11) | Send Message
     
    JohnInMA it can be done. The problem is people don't want it done. Brazil began pushing sugarcane as biofuel after the gas crisis in the 70's. They depend very little on foreign oil to create gasoline. You would think we would be smart enough to follow their lead. Americans are stubborn until it's too late. Now we have this unique opportunity to reduce our dependence on oil and we don't support it. The Chinese will be ahead of us just as they are ahead of America in everything else. They now have a stake in AONE (A123) and will most likely take advantage of the technology we decided to give away at a discount. As gas continues to skyrocket and will go up even further, they have decided to begin their future decreasing their dependence on oil. We on the other hand have decided to drill into Alaska and destroy the environment even further. I don't have a position in AONE and would consider if they can get their costs under control. I applaud the Chinese and hope they take advantage of the tech. that we didn't appreciate.
    25 Aug 2012, 07:04 AM Reply Like
  • DianeLee
    , contributor
    Comments (346) | Send Message
     
    Back during the IPO I can remember being excited, buying into the IPO and more in the aftermarket. Seemed like a good idea at the time. Bailed out long ago, but watched the roller coaster ride, now looking like its coasting into the landing.
    23 Aug 2012, 03:15 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|