elise
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Thanks found it! Well it doesnt mean much in regards to the bidding process, because it has already been well established that WanXiang is in control of its own destiny and will have to fight an uphill battle for approval via review. Its basically up to them if they want to bid. They are not barred from bidding
Oh wow, where/when was this published?
Worse case scenario the company sells for the value of the debt. Highly unlikely.
Haha yes, those where good days I made 159% on AONE in about 2 weeks trading before OTC. The volatility was fantastic. I have 2 positions left some at .0581 and .0821 cannot wait until the 6th!
Exactly it was run terribly.
Its plausible. I firmly believe with this technology in the right hands and under the proper management this could be a 20-30B company in 2-3 years. just take a look at glassdoor.com the place is a mess. its run like a junior highschool. better days are ahead.
Based on the intellectual property of this emerging technology, A123's extreme weather performance has yet to be contested, it is probably 10 years ahead of its time and in technology thats a LONG time. the real money is going to be in Grid technology as it is immediately application that can be rolled out globally, the automotive is going to take time to grow, these are durable goods. I wont be surprised to see GE or GM to step in soon.
1.25 - 3.50 depending on bids could be 1B-2B
I mean i dont know anyone reputable that is lending this on OTC. account minimums for margin vary bank to bank.
I don't know anyone reputable who will allow short position in a BK OTC stock.
Agree they knew it was low, so they filed BK, withdrew appeal to Nasdaq, went otc to control volatility of stock.
Ive estimated around that. About 1B free and clear
I agree. it will be a 1B+ deal 486MM for 80% was a lowball offer the grid technology and chinese contracts could be worth much more than that. remember the grid solutions industry is estimated to be worth over 50B by 2015
Is A123 not using corporate counsel? I thought they have some attorneys on staff representing during this process...???
Agree. DIP and cash burn have been well established weeks ago. Just a formality today.
Its good because there are potentially more bidders that will step up. That 50MM has been baked into the stock for over a month thats old news, just a formality.
AONEQ Hearing overview looks good. 11/26 http://fb.me/1p7dyyBVK
Today is a skeleton trading day. Nothing to interpret. Go enjoy glass of wine or favorite scotch. Cheers! Enjoy the long weekend.
You got it! This is the quarterly i believe.
All insiders required to file. This is an automatic monthly disbursement. The stock is sold regardless of price. This is why the amount sold $$ makes no sense.
Im not concerned today is a skeleton trading day. Volume is lethargic today. Happy Thanksgiving All! Off to NH for a country weekend. Enjoy!
Exactly, thank you for clarifying.
I dont know how much weight a new financial will hold on stock price its already established cash burn is 25MM a month and they have a 50mm DIP loan, i think its baked into the stock price if anything will go up with some news flow.
Thats for the judge to decide, but if you followed the last few hearings you would see he is not a pushover, doesn't deal with BS and is pretty fair. The UST is no pushover either. Its going to be a good deal and minimal political blow out IMO. We could see GE or GM step in and scoop this all up. We will see on the 6th
I know, i saw this happen real time via twitter. Bloomberg news is garbage. Only the terminal has the good stuff.
Anything is possible. I think the question you should be asking, is it probable? And IMO no it is not.
Bids are confidential and sealed. Result revealed when judge rules. Please follow Ilene Slatko on twitter, she will be reporting live from courtroom. She is a great BK stock asset. I also follow her and will be on all day with her getting the play by play.
I was being facetious . I am not concerned about the long term ramifications, I will probably leave a block as a slush fund if it goes to $3.00. But I'm perfectly happy taking a 50% pop on the trade. Please understand the nuances of trading vs. investing.
Yes, i just posted that about 10 min ago. I agree. It basically means if you don't have the bucks don't even bother trying to get involved, this is for the big boys.
Are you here to trade or collect dividends? Im on this for the trade. Buy pressure should be great nonetheless. If company and stock stay in tact. Even better. Just a bonus. I guess it also depends on what your share cost is. A friend of mine is the lead plaintiff in a class action lawsuit against AONE but he was buying since IPO and costing down and not selling. He is no longer a shareholder.
It killed my brain cells to read it. If that isn't a biased article, what is? That was more like an opinion/op ed article. It was not written well IMO.
There are 25 interested parties. I think 6 have been confirmed.
JCI, Siemens, NEC, smith electric, wanxiang and a wind power supply company.,
The companies that I think are qualified and have the funds are GE, JCI, GM, ORCL, Siemens, NEC
Well Danny,
All bids are confidential so we dont know.
Judge mentioned there will be no joint bids allowed
$125MM is chicken feed!
I think I just killed a few brain cells after reading this article post. Better take my CoEQ10 tonight.
There is a lot more oversight in the courtroom these days. Thanks to people reporting real time on twitter like Ilene Slatko since all transcripts of the hearing are sealed. People like this are integral part of making sure that the shareholders dont get shafted. Holding judges, UST's & attorneys more accountable.
Agree you are correct.
The attractive thing about A123 battery technology is its consistent performance in extreme hot and cold climates and not having a need for additional liquid cooling systems like used in other Li battery configurations.
Agree. Hoping so. Been accumulating shares since .21 down to .0581
Im bullish. I purchased few more blocks at .8521 don't expect much movement until court.. Its not fun waiting.