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A123 Systems (AONE) says that it may not have sufficient cash to fund operations and may need to...

A123 Systems (AONE) says that it may not have sufficient cash to fund operations and may need to seek bankruptcy protection. The company failed to meet interest payments on approximately $143M of its material debt agreements today, and as a result, expects to be in default by tomorrow. Shares -47% AH.
Comments (11)
  • rabdoes
    , contributor
    Comments (30) | Send Message
     
    what is my portion for tax purposes next year.
    15 Oct 2012, 07:50 PM Reply Like
  • avickrey
    , contributor
    Comments (38) | Send Message
     
    About $250 million

     

    http://buswk.co/XgbqgN
    15 Oct 2012, 10:18 PM Reply Like
  • jjjorgen
    , contributor
    Comments (312) | Send Message
     
    You can deduct $3,000 per year in losses until losses are depleted. Or they can offset gains on something else this year, or coming years.
    If you can sell your shares in the morning, do it immediately.
    15 Oct 2012, 08:20 PM Reply Like
  • rabdoes
    , contributor
    Comments (30) | Send Message
     
    I have no shares--but I pay taxes.
    16 Oct 2012, 08:34 AM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Sure taking long enough - get the inevitable over with already!
    15 Oct 2012, 09:09 PM Reply Like
  • Dleffmann
    , contributor
    Comment (1) | Send Message
     
    One of the most promising new technologies for decreasing our dependency on oil bites the dust. Very unfortunate.
    15 Oct 2012, 09:41 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4069) | Send Message
     
    Not technology, just a non-profitable company.
    16 Oct 2012, 05:21 AM Reply Like
  • Hendershott
    , contributor
    Comments (1514) | Send Message
     
    No....JCI gets the tech and the benefit....
    16 Oct 2012, 12:29 PM Reply Like
  • Paulo Santos
    , contributor
    Comments (18319) | Send Message
     
    Negative gross margins do that to you.
    16 Oct 2012, 07:48 AM Reply Like
  • TheProfessor57
    , contributor
    Comments (3) | Send Message
     
    If the Chinese are buying 49.95% Im still in at these levels @ book price.
    16 Oct 2012, 08:04 AM Reply Like
  • Rolotomasi67
    , contributor
    Comments (2) | Send Message
     
    What happens to the stock if they file and a deal still comes through with the Chinese?
    16 Oct 2012, 08:48 AM Reply Like
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