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  • Auto-part manufacturer Wanxiang has won the bidding for the assets of bankrupt battery maker A123 Systems (AONE) auctioned this week, for a reported $250M-$260M. AONE filed for bankruptcy in October after a financing deal with Wanxiang fell through.  [View news story]
    A very well planned scam.
    If I were a US tax payer, I would feel cheated.
    IF they had gone through with the investmen-plan before they went under, we would all have made a good deal.

    But they didnt, and that is all part of the plan. The heads were paid to run it in to the ground, so they could buy it back at half the price.

    Right under our noses :(
    Dec 9, 2012. 05:05 PM | Likes Like |Link to Comment
  • Wanxiang Group intends to outbid Johnson Controls (JCI) for A213's (AONE) automotive-business assets and replace the U.S. company as the "stalking horse" bidder. The Chinese company announced its intention at a court hearing yesterday following A123's filing for Chapter 11. At the hearing, A123 won approval to borrow up to $15.5M in interim financing from Johnson Controls.  [View news story]
    I know enough to understand why their stocks arent rising these days. Johnson Controls recived $299 million stimulus grants in August 2009 for advanced batteries and electric vehicles, and still havent been able to use that money to further the development of their technology OR capacity.

    HISTORY holds zero value when it comes to investments. It's what the company can/will do today and tomorrow that counts - not what they did last year or 20 years ago
    Oct 20, 2012. 09:44 AM | Likes Like |Link to Comment
  • A123 Systems (AONE +46.5%) trades higher on reports it will appeal to a bankruptcy judge for the right to entertain better offers for its lithium-ion battery business and gains receives approval to use debtor financing from Johnson Controls (JCI) to keep operations running. Lost in part of the political mumbo-jumbo over the failure of the company is the bigger theme that automakers are starting to see better opportunities by focusing on the hybrid-electric market, rather than the all-electric, on a purely economic rationale.  [View news story]
    Not yet. IF they fail to sell, they will be
    Oct 20, 2012. 08:36 AM | Likes Like |Link to Comment
  • A123 Systems (AONE +46.5%) trades higher on reports it will appeal to a bankruptcy judge for the right to entertain better offers for its lithium-ion battery business and gains receives approval to use debtor financing from Johnson Controls (JCI) to keep operations running. Lost in part of the political mumbo-jumbo over the failure of the company is the bigger theme that automakers are starting to see better opportunities by focusing on the hybrid-electric market, rather than the all-electric, on a purely economic rationale.  [View news story]
    I am keeping my stocks as well.
    Oct 19, 2012. 05:35 PM | Likes Like |Link to Comment
  • Wanxiang Group intends to outbid Johnson Controls (JCI) for A213's (AONE) automotive-business assets and replace the U.S. company as the "stalking horse" bidder. The Chinese company announced its intention at a court hearing yesterday following A123's filing for Chapter 11. At the hearing, A123 won approval to borrow up to $15.5M in interim financing from Johnson Controls.  [View news story]
    I dont belive Johnson control are in a position to even make the offer they already have on the table. Johnson control is living on borrowed money.

    The best thing for the business and the tax payers in the US, would be to continue with the China deal. I dont know what is holding them back. Nobody else ahve the capacity to benefit from their technology.
    Oct 19, 2012. 08:32 AM | Likes Like |Link to Comment
  • A123 (AONE +27.1%) shares roar higher after Wanxiang President Ni Pin says his company is still interested in taking over A123 despite the company filing for Chapter 11 this week and calling off its investment deal with the Chinese autoparts firm. Ni tells Bloomberg that the filing may make A123 more attractive. "Bankruptcy court is like a filter that lets a dirty big boy covered with mud go through it and turn himself into a clean boy," Ni says.  [View news story]
    If someone have a million dollars in AONE stock, a 40% increase is very much relevant, rather that a two cent increase.
    Oct 18, 2012. 06:19 PM | Likes Like |Link to Comment
  • A123 (AONE +27.1%) shares roar higher after Wanxiang President Ni Pin says his company is still interested in taking over A123 despite the company filing for Chapter 11 this week and calling off its investment deal with the Chinese autoparts firm. Ni tells Bloomberg that the filing may make A123 more attractive. "Bankruptcy court is like a filter that lets a dirty big boy covered with mud go through it and turn himself into a clean boy," Ni says.  [View news story]
    First you say its worthless, then you say it isent - having a hard time desiding what to think?

    Maybe stick with what you "know" instead
    Oct 18, 2012. 06:19 PM | 1 Like Like |Link to Comment
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