Would that spin-off be 24M Technologies?
http://www.prnewswire.com/news-releases/24m-technologies-launches-based-on-technology-from-a123-systems-and-mit-secures-10-million-in-series-a-financing-100757159.html

I could not really tell if this is the article you are referring to because there is no date on it that includes the year (2012?).

Thanks, Smakkdaddy, at least you didn't tell me to F*** off. I have known since I sold on Dec. 19. I just felt a responsibility to share these observations. Man I did not want to admit I had made a mistake. But, we all make mistakes. BUT, good luck to ya! And I'll be right back in if things change.

Interesting that there has been no comment about this post. It was my first "clue." I didn't listen to bashers either (or the likelihood that my shares will be cancelled); but I DID pay attention to the attorney from the Trustee's office. He wasn't short or rude, but he let me know that my hopes were unlikely to be realized--just remember the puny auction we all had such high hopes for. If the sale to Wanxiang is blocked, the assets will be offered to JCI (and guess what they will pay for them now?). That's why I sold. After 30 days I can buy back in if I choose. At least I got out with a few hundred left from this adventure in hopium.

Glad you included point 2. Notice that the name to be funded is the Wanxiang Clean Energy USA Corp, NOT A123.

I wanted to believe you I really did. Thank you. Can I buy back in? It's a wash then isn't it? Can you give me a hint?

The minute I sold, the price got up above .02.

I knew if I sold the price would squirt up, but I wish you all good investing. I would appreciate someone telling me whether by "averaging down" my price by buying lower in the last 2 weeks, if I will still be able to declare my loss on my taxes. The "wash sale" rule tangles my brain. I have a significant loss though my averaged down price is better than the price I paid for early lots of stock. Also, in the event of an AONEQ miracle can I buy back in?

I'd be very grateful for a tax guru here.

I have really enjoyed our adventure even though it had an unfortunate financial result. I learned so much.
1. Don't buy the hype
2. Always follow rule 1
3. Stay the "f" away from bk stocks

Happy Holidays and all the best to you in 2013

May you all get lucky
Now that I'm gone! What an experience!

Gee whilikers! I couldn't understand your post!

Could you please reexplain this portion? Not sure what IP means.

None of these bid because if the military wants aone's tech, their IP HAS to stay with them.[means stock stays intact]

This also is the ONLY singular reason I can find for no bid from G.E.
Will be business as usual.

Product;...gd-300

Aone may be taking a stroll!!!
[as in getting walked out of bankruptcy]

Result ALL problems go away, financial, political.

Hearing Schedule

See this post by supermanx.

sssssh, the smell of good news

will attract the bears back.

A beautiful green day. When you said a hearing was going on, did you mean the CFIUS review?
I wonder why the stock chart got so happy today?

Well, by now most of you have had time to read the IR quotes below. What do you think? Now that I know they "chose" the Chapter 11 option ahead of time for its "flexibility," I feel that there has been an obvious omission of material facts and other deceptions. Was Judge Carey aware of the misrepresentations of this Company? How is that possible?

Did the Wanxiang offer cover ALL debts? Garo mentioned that the Debtor (AONEQ) will have no assets but surely the company will have debts as it closes up shop. Did they intend to pocket our money and use some of it to pay debts?

And like Stockjokey, I have also read rumors in posts that there will be a "spin-off" of the A123ers into a new entity. Again I ask, "With our money"?

I just want to know, where will our money go?

More Email from AONEQ IR (earlier #18038):

Thought some of you would be interested in the next exchange between Garo and myself:

Me:

Subject: Re: POR

Oh, I think I understand now. You said that you do not expect to emerge from Chapter 11. Period. There is no Company to reorganize. Right? But why didn't the BOD file Chapter 7? Very confusing isn't it?

Thank you.


Garo:

Right. Chapter 11 gave us more flexibility.

I'm crushed too.
How can they get away with filing Chapter 11 and then saying they will not be emerging from Chapter 11 because all their assets are sold? Why was this not communicated to shareholders? What does the Judge have to say about this? We must make a big stink about this!

Opti and Others please read my previous post.
The reply from IR ANOEQ stunned me. Why isn't this now a Chapter 7 not 11? He said exactly what he meant, I even wrote him back to confirm it.

This is MESSED UP

I wrote IR at AONEQ to ask if they can provide a POR. This is the reply I received from Garo Toomajanian after sending a second request for a copy of the POR. He basically ignored my first request by simply sending the Loganando dockets address. So I wrote him again and this is what he said when I asked if shareholders could see the POR:

Not likely since we do not expect to emerge from Chapter 11 with substantially all asset sold.

I'm no lawyer but isn't the POR the real purpose of a Chapter 11 filing? Isn't it required?

By orders you mean Battery Orders? There are plenty of battery orders piling up, meanwhile GM and Fisker are treading water and waiting. I don't understand the invisible actions of GM and Fisker to continue selling the EVs.

Email IR at AONEQ

And ask them to make their POR (Plan Of Reorganization) available for shareholders ASAP. It is unfair to shareholders to delay the POR until the CFIUS approval is obtained.

The POR is a requirement of the Chapter 11 process. We should not tolerate this delay in being able to review the POR. This would clarify numerous questions for shareholders.

AONEQ: What is your plan of reorganization?
And please do not burden AONEQ shareholders further by waiting for CFIUS approval before filing your POR.

Opti I agree, but what do you think the salient points of our complaint would be? What matters to the SEC in terms of the actions of the BOD of AONE. As my old friend, Doc, used to say: "Give it to me in a nutshell." Thank you.

Opti, Wanxiang does not own AONEQ yet. And, you can bet, that AONEQ has plenty of insurance. So they DO have assets. With that BOD they NEED insurance.

My market share in AONEQ is down to $326, so I have to ask

WHY ARE YOU PEOPLE SO DETERMINED TO BUM US OUT???

I couldn't tell from GM's IR reply whether they own stock in AONEQ. They used to own stock and if their "position remains unchanged"--perhaps they still do!

Only if it was to be a public company. Private enterprises can make concessions if they really want the company.

Warren Buffett, Carl Icahn, Prince Alwaleed could bust a move any minute!

This would be a good time to make a star-studded entrance!

But then....The Big Bad Government came in and shut the door before Mr. Wanx could carry away his goodies and they got mad at Mr. AONEQ for having a sale without a permit! Meanwhile his neighbor (who had a gigantic car making business) said "Why don't we be partners, because I am really good friends with the Government. I can help you get money from the Government. We have a really big research project and we need your technology in LOTS of our new cars."

GM wrote me this:

Hi XXXXXXXXXX,

We have nothing to announce at this time. Our position remains unchanged.

Regards,
GM Investor Relations

Couldn't find GM or Wanxiang on the institutional holdings. Could you? But it was interesting to see the changes.

Business Buffs>>>

Does anyone know how to find the most current share count of large shareholders?

Yes I wonder if they are keeping or buying shares. I mentioned to a trader friend that the stock must have worth since it is "sticking" at .02. He said, "Actually, keeping the price there assures the MM of their slice in the action." So knowing that Wanxiang has their money in our game would be VERY reassuring.

Thank you for sending your email. Mr. Ni will hear us.

When I began to buy stock in A123 it wasn't a BK or a Q stock. Ouch.

My letter to Mr. Ni asks simply for transparency for our fate as shareholders. It's not our fault either, Homeslice. And it isn't nice to leave us twisting in the wind while the involved parties disregard our concerns and financial interest. And I'm not a big boy so I don't need to act like it!!

According to the link below, the sale included China and Shanghai:
http://www.businessweek.com/news/2012-12-11/a123-wins-court-approval-to-sell-assets-to-wanxiang

No, but I wrote Mr. Ni again today:

To: pni@wanxiang.com
Subject: Transparency for A123 Shareholders
Date: Dec 15, 2012 12:15 PM
Mr. Ni,
It would be a wonderful Christmas gift for shareholders to know if they have lost everything or not. There are not many small-time shareholders (like me) with the courage to hold on when we have no news as to our fate. Obviously, there are some buyers convinced that AONEQ is still worth at least .02 because they are holding that price stable. I don't want to walk away, knowing that something good could happen. Also, I don't want to lose my money like a gambling fool.
Because shareholders have NO transparency as to your intentions, we are being left to talk and bicker and, mostly, just hang on and gamble our investment $$.
Would you like me to convey a message to shareholders? Would you like to issue an Update or blog concerning the outcome for loyal investors hoping to make their money back from the poor management practice at A123, that led them to file chapter 11 and ignore return for shareholders.
Thank you for your time.

Sincerely,

(known as "widgetoday" on AONEQ Message Board on Etrade IHUB)

Email to Mr. Carl Icahn re: AONEQ

This is a slightly redacted copy of the email I sent to Mr. Icahn. I tried to be brief and accurate. If you feel inspired to email also, this is the email address I used: carl@icahnreport.com:


Mr. Icahn,
Have you followed the purchase (in process) of the lithium battery company A123? Due to the rejection of Wanxiang's initial offer the shareholders will be left with nothing and the technology will be sold (sale order has been signed). The share holders had no chance once the Company filed its surprise Chapter 11 and then its asset auction. Johnson Controls offered a puny offer. Even though Wanxiang purchased virtually the whole company (except the defence portion), technically it was an "asset sale" not a buy-out, once again shareholders are screwed and the Chinese will take the battery company and its intellectual and physical assets.
It's a political snake pit. There's a good chance the sale will be blocked by CFIUS.
How about looking into this?

Sincerely, (Member of the IHUB Message Board, known as "widgetoday")

Agree with you, Alricking! Nobody can say we didn't "stick it" on the .02.

Well, I like ROC (lithium). It keeps a small volume and "channels" regularly. It just bought Talesin.

Dad, we are at the pivot price!

Just Emailed Carl Icahn

Can't hurt to try. He hates seeing shareholders get screwed.