I am not a financial consultant or work for a brokerage firm in the
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Another note that I wanted to point out is that in penny stocks they will always be pumpers especially if the stock has good potential like MJNA because they feed the stock millions of dollars at a time, eventually it will get to highs or peak that is when they sell . It could be months or even a year sometimes for the stock just to get back at highs, look at Medbox as an example
Yes I understand that part but as long as the audited numbers come in line and they make money then go into new markets we should be ok
Nice Saturday morning here butterfly007, I wanted to say that MJNA is working hard to become a legitimate company and that they are heading in the right directions , just by looking at recent press releases it shows! only time will tell but hope to see this stock on the BIG BOARD some day in the near future
What a day ! My account is green !!!!
Good for you, I sold but made money somewhere else . Hehe
Does a bear shit in the woods ?
Go to Delshareholder and download document........the hearing has been cancelled because the deal is done!!! according to court documents
Do you think it will go to .01 ?
OMG !!!!!!!!!!!!!!!!!!!!! Is going to 1.00
Some are waiting for a pull back but I do not think is going to happen ....we may see . 20 soon ! Or wait I meant .30 ;)
See you all at $1.00 $$$$$$$$$$$$$$
The stock is worthless no value ... Day trade and maybe get a 5% to 10% return in a day. My opinion
I believe that today is the last day that the deal could be broken .... Tomorrow is closing day and AONE can open at sub penny , just my opinion but I could be wrong
Green is good!!!
It's the knowledge that we have about the stock .... I think it was more emotional for me since I was an investor with this stock and not a trader I started accumulating after the WANXIANG deal back in aug- sept then to find out the deal broke . Never again rely on "hope " for a stock
The footprint of the Nanotechnology that AONE has on the military technology patent will be duplicated by WANXIANG .....
This is why Obama has to block the sale . IMO
So there is still a possibility of the sale getting blocked !!
You have some cojones !!
New name!! Wong 2,3 systems
Well if this does go up then I can sell the rest of my position ... Thanks!
The more time it passes .... AONEQ will tank and M'Ms will bring it down , meaning DEAL DONE! sell some off the table and count your blessing and hope ... ( hope) not a good word for investing. And never again will I invest in a company that is loosing money ....
What happen to the sub penny prediction LMFAO , I mean sol some at .035 and did not think I could sell at all ... Just holding 15000 just incase . OBAMA HOPES IS KEEPING THE STOCK TRADING ?
Oh ok OPTI you slipped that "if "
Wrong again !!!! OPTI Over 6 million traded already
Come on shorts cover!!!!
There is still chance I believe until end of day , the closing is on Feb1st ? IMO
It's best to wait after the 1st hour of trading . IMO
ask is .06 on Fidelity
Use limit orders !
I believe shorts have to cover and there is still speculation that Obama would block the sale there is still pressure by Senators and time . IMO
Predictions for today ? Anyone
Who is buying my shares I do not know but my only hope now is Obama to block the sale........I believe a market order will sell if there are buyers when market opens
When selling at at market order I would get the lowest bid anyone has out?
stockjockey, It was not because of the trader guy, it was the action of the stock is what got me, the big block of share buys . I did not loose much, hoping to get something tomorrow or maybe Obama can block the sale ? I had a chance to get out today but decided to risk it since it bounce from .029 to .037
What do you recommend at open a market order or a limit order ?
Obama has until tomorrow to block sale right? sale is closed on Feb, 1st ? Anyone ?
Ann Arbor - Navitas Systems LLC plans to bring on board about 40 A123 Systems Inc. employees in southeast Michigan, following its $2.3 million acquisition of the government and research side of the battery maker's business.
Woodbridge, Ill.-based Navitas Systems' was the winning bidder in a December U.S. Bankruptcy Court auction for the government side of A123 Systems' operations. Wanxiang America Corp., a Chinese company, won the majority of A123 Systems' business, including its automotive lithium-ion battery business.
On Tuesday, the Obama administration approved the A123 Systems' sale to Wanxiang, and the companies closed their deals late Tuesday.
"It is truly an investment we see as opportunistic in terms of serving the government and military business and looking at some potential commercialization opportunities that come from it," Navitas Chief Financial Officer Thomas Golab said in a recent interview.
Navitas Systems, which provides large-format energy storage systems or batteries to commercial, industrial and government customers, had been waiting approval from the Committee on Foreign Investment in the U.S. — which looked at whether there were any national security concerns with the sale — to move forward with the purchase, Golab said.
Michigan Democratic Sens. Carl Levin and Debbie Stabenow and members of the House late last year raised concerns that the sale of A123 Systems may pose a threat to national security.
"The original issue with CFIUS was the fact that there was this developmental group that was servicing government contracts," Golab said. "Wanxiang's approach to this was to acquire all assets, excluding these particular pieces. This is really a good fit for us from a history standpoint where we believe our strengths are in terms of not only research and development, but working with military on emerging applications."
Navitas' purchase includes: acquiring an A123 Systems Ann Arbor facility, its employees, plus another 11 engineers from A123's automotive business; patents held by A123 Systems' government unit; an undisclosed value of government contracts; and the ability to source cells and components from A123. Customers include the Department of Defense, Department of Energy and Department of Homeland Security. Navitas also is interested in developing some of the products for the commercial market, Golab said.
The business Navitas is buying dates back to 1994, when it was known as T/J Technologies. It was acquired in 2006 by A123 Systems. The business will be called Navitas Advanced Solutions Group and operate as a subsidiary of Navitas Systems.
The government solutions side of A123's business represents about 5 percent to 7 percent of A123 Systems' revenue, said Les Alexander, general manager of A123 Systems' government solutions group. He said selling the government business to Navitas is the best option for A123 Systems.
"The U.S. government wins on this because now we can focus totally 100 percent focus on our U.S. government, our soldiers and sailors," Alexander said. "We can focus on them delivering high quality products."
Alexander said his group is working on battery solutions for the military. A123 Systems has battery-related government contracts, for example, with the U.S. Army TARDEC in Warren.
Navitas ASG also has ideas for energy storage systems for U.S. Navy ships and energy storage systems that could provide mobile grid power.
Navitas Chairman and Founder Alan ElShafei, who has worked in the battery industry for nearly three decades, said the Ann Arbor group is developing a high-energy lithium ion battery cell, which is targeted to achieve nearly twice the energy density of lithium-ion battery technology on the market today.
"I believe if we offer this technology in this large power format, that's the key differentiator in the market," ElShafei said.
ElShafei wants to double the size of the Ann Arbor operation this year as it looks to grow government contracts and possible commercial applications. He said the company's priorities are to fulfill existing government contracts, focus on profitable sales and introduce new advanced batteries to the government.
A123 Systems, which has about 1,300 employees in Michigan, filed for bankruptcy in October.
mburden@detnews.com
(313) 222-2319
From The Detroit News: http://www.detroitnews.com/article/20130129/AUTO01/301290433#ixzz2JQC3XAGP
Good point CEO made out with millions since inception .....
Thanks Stockjockey !
I think that this is not going to be blocked by Obama .... Can someone name one instance where it was approve by CFIUS and blocked by the president ?