Douglas Korthof

Better Lithium-Ion Battery Plays than A123 Systems

I wouldn't buy Aone with YOUR money. It's got over 100 million shares, has about 2 years left of cash from the bailout (oops, meant IPO) at the indicated present rate of cash burn, and an unrealistic business plan. It's got to get a few cars on the road, in addition to the 100 plug-in-prii, that make it some money. The power tool market so far doesn't seem to generate any profits, and that's where the bulk of Aone revenue has been coming from according to the filing.

But who knows, hype may prevail. Remember all those sky-high fuel cell cars that Ford, GM and other car companies handed money to? Where's Plug Power, Ballard, etc., now??