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Still not 0.005 yet! We still have chance
I guess that might be people testing the water ?
Something good..... Stockcharts.com I see aoneq in the front page.
As I mentioned yesterday, I expected to be a drop today but I expected to get back up quicker and higher .... Maybe the auction time period last for several day
Hey man! Where have you been ? I thought you dump ur shares today !
What if the 460 million is to buy the whole company instead of issuing debt?
I hope not.... But some Chinese newspaper saying they got insider information and say Wanxiang had submitted the SAME BID they submitted in October .
Agree ! That will be the best !
I have a feeling that this might be it!
It make sense... $460 + ($511*20%*50% say only obtain 50% value of the remaining 20% asset) - [376 + 8.5*3 (3 half months debt) ](correct me if the debt is higher) -50 DIP divided by 314 shares = I got about $0.19 left for share holder.
Too conservative?
The volume show something funny today . On one hand there are people dumping it at a very low price , on the other hand there are people buying big block and support the price . What is going on? Huge volume today compare to last two weeks....
I will be more scare if I see only dumping and no one receive or buying it .
Market is always right .... Fundamental .... Demand and supply to drive the price .
Hey Chinese news suggested that Wanxiang might submit the same deal they submitted back in October .
465 mil to buy 80% of the company.
What is the final pps if it is the final deal ?
New court document
Llene posted
http://fb.me/1UO8KXlyw
how could the loss in tax is good?
If you hold a house warming party let me know!
hahaha!
I am with you.....ALL IN!
Are you around ? Did you add more shares ?
Remember we got all the shares ?
As I expected .... The pps will be down to 0.07
Expected to see a big v this morning and afternoon
Why and how it is important?
One and the only answer....
Wanxiang is a qualified bidder and allow to bid.
I understand your concern. In order to bid, you only need to be a qualified bidder , whether you are Russian , Chinese , Indian .... As long as you are qualified , YOU CAN BID.
I guess you also make a little good point why the big guy is not moving . They expect Wanxiang will win the bet and if it got kicked out by CFIUS after bidding, the big guy will step in and with the known bid price that Wanxiang bided.
Could be the case.....
Lol! You do have a lot of confidence in this bk stock !
I did a little research on some bk stocks. Most of them already "dead " at the day they declared bk cos the judge already indicate the stocks will got cancel. And most of them have debt > assets at the time they claim bk.
Similar to Kodak , which their patent auction is unexpectedly good., this stock we have asset > debt and I do believe they claim bk just to restructure the company and not the absolute pressure from the debtor.
Seriously !? But like my previous post said.... The pps might move to the absolute bottom before it shoot.... Because too many shareholders holding it.
If it push to 0.075-0.07 then we will see lots of people dumping their shares especially tomorrow is the deadline .
I am still holding long. It's just the big hypothesis if I am the MM and know the auction will be great???? only my opinion .
Seems you agree with me !
If I were the MM holding a lot of shares ..... I will shake it down tomorrow to create the greatest panic and shoot it back up at the end of the day.
They submit their bid to CFIUS. But they do not required to get CFIUS to bid in the auction. They need CFIUS approval to finalize and close if they win.
Real time quote is 0.057 rise 16% today
11/30 trading @ 0.049 no shares traded
11/28 trading @ 0.062
12/3 open at 0.075 highest rise 30%
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82017883
Anyhow....it the good news about Wanxiang
Lots of news repeat and repeat...
Man I post it yesterday already
New court document from llene
http://fb.me/1YjbFIraw
Have you see the order from the court that llene post yesterday ? It confirmed that A123 can sell everything without any stupid government consent.
I wonder why that court order is not wide spread as the " bad" news. I guess the court order might appear next week to fuel the price.
The more of these " consent" make me feel that some party using this news to gain attention. Make the auction up to the foreign and political level. All they want is to get more party or corporation to participate this auction . Guess who ? The MM I bet...
http://fb.me/1dM1Qn3rh
Here you go! Thanks and appreciate llene's time and effort!
I saw the court document from llene! I believe the news is not widely spreaded and I believe next week someone will use this news to pump the pps
http://my.chicagotribune.com/#section/-1/article/p2p-73524245/
This tell the whole story and why Wanxiang is the answer!
Honestly , if I am the MM will i move the stock price before December 6 ?
I think this is the MM strategy and I can share some expectation
From the graph previous weeks, you can see MM is collecting a Hugh blocks of shares in the bottom. ( 5 mil average shares trading every day in the range of 0.008 - 0.009)
MM will then use the shares to move the price up and down .... Since it is a bk stocks .... Inexperience trader will be panic if the price drop ... And MM collect more shares in the bottom. (Remember penny stocks move 100% or 300% is pretty normal )
Once the day come , I believe is dec 6 or even dec 7 , the pps will start moving , MM will leak any positive information to shoot the pps to the sky ....
I doubt there will be any movement before dec 6 . Any drop in price is just MM tricks to scare panic trader and collect more shares.
If something going to be wrong in the auction and MM should know the information first , I will expect a big hike before dec 6 to release the shares on their hand ... Caution!!! But if there is no movement before dec 6 .... I believe it is safe and the odd to have a jump in the price is high. No news is good news before dec 6. All those stupid senator comments are BS ..... The more of these type of negative comments make me feel better about the auction. why? who want to bid a product with higher price if the auction is under the spot light? What can those stupid senators to the bidding? it is the ORDER FROM THE BK COURT. And remember Wanxiang is still a qualified bidder and able to bid. Whether the deal goes through or not is not our business , we care about the pps only.
Patient , be patient, and we will have a party in December!
One thing I want to clarify, Wanxiang DOES NOT OWN any A123 stocks at this moment.
Is it true?
Will that change the game?
Email from Wanxiang president USA - Pin Ni. regarding the CFIUS bid
I emailed him today and concern about the bidding process and the approval of CFIUS.
I asked him if the CFIUS did not issue approval on Dec 6th, can Wanxiang still submit a bid?
His answer:
"No, Wanxiang can still bid, but will have risk if can not close."
From: ***my email***
Sent: Friday, November 30, 2012 2:16 PM
To: Pin Ni
Subject: Re: Wanxiang @ A123 bidding
Without the approval , does that mean Wanxiang cannot bid next week ?
I think the CFIUS factor is not a big deal towards the bidding on Dec 6th now. Wanxiang can still submit the bid --- a high bid to acquire the whole A123 System.....results will make the price hike!!!! ---- after that may be the CFIUS will reject the bid but who cares?? We are all enjoying the $0.5 PPS at that time!
Two good news today:
1) No consent from US government! Just sell everything!
2) CFIUS should not be a factor on DEC 6th
Have a good weekend....
P.S. I wonder if Pin Ni answered all the email or his secretary ....:)
It translate to:
A123 can sell everything they want... All other party shut up ! Especially you---- us senator John thune and chuck grassley !! Shit up bitch!
Tweet by llene
Re: AONEQ
From the Statement filed by the United States (below):
"Debtors can sell the Funded Property without further consent of the United States, subject to any interests of the United States in the sale proceeds as described in Bid Procedures Order, specifically, the Debtors-United States Agreement that if the United States does not consent to an assignment then the United States will have its rights satisfied by receiving, from the Debtors’ bankruptcy estate (including the proceeds of the sale),
compensation for its attributable percentage of the current fair market value of the Funded Property as provided under 10 C.F.R. §600.321.(f)."
Big News!! WOW! LLene just post a Tweet....
fb.me/1OK7IIfkx
CFIUS FAQ,
CFIUS concludes action on the preponderant majority of transactions during or at the end of the initial 30-day review period. In certain circumstances defined in section 721 and at § 800.503 of the regulations, CFIUS may initiate a subsequent investigation, which must be completed within 45 days. In certain circumstances described at section 6(c) of Executive Order 11858, as amended, and § 800.506 of the regulations, CFIUS may also refer a transaction to the President for decision. In such case, section 721 requires the President to announce a decision with respect to a transaction within 15 days of CFIUS’s completion of the investigation.
The court date was Nov 8? so there is no 30 day to review the Wanxiang document...
So Wanxiange will go with the bid and later got final approved?
I just look at the free one on ihub. Isn't that showing up on your fancy level II ?