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U.S. Regulators to Examine Electric-Car Battery Safety
http://www.businessweek.com/news/2012-04-20/u-dot-s-dot-regulators-to-examine-electric-car-battery-safety
Looks like she is settling back a bit.
Good News: Another Agreement Announced!
MagneGas Selected as Strategic Partner for Large Demolition Project in Alabama
Marathon C-D used MagneGas™ fuel for an oil tank demolition project in Florida in February and based on those results, has agreed to use MagneGas™ exclusively on this new project in Alabama. Marathon has taken its first delivery of 400 MagneGas™ cylinders and has initiated demolition.
Read more here: http://www.sacbee.com/2012/04/18/4423249/magnegas-selected-as-strategic.html#storylink=cpy
Another electric-car disaster looms
http://www.nationalreview.com/articles/296045/next-lsquonext-solyndrarsquo-robert-bryce
GM Worker Injured As Lithium-Ion Battery Explodes
Per the WSJ Online edition
The battery involved in Wednesday's incident was being developed for a new line of all-electric cars and is manufactured by A123 Systems Inc., AONE +7.30% people familiar with the situation said. An official from A123 was not immediately available for comment.
My guess - about 50-55 million shares
All shares were cancelled never to be traded again.
EnerDel parent Ener1 completes financial restructuring and emerges from Chapter 11
Private company now.
http://www.greencarcongress.com/2012/03/ener1-20120330.html
Bye Ya'll
See ya again if it IPO's
That may be true...
I choose to be a bit more conservative until the smoke clears. I expect that we will all be winners, just some bigger than others. Best of luck to you all.
More from Motley Fool...
The Smart Grid Has Been a Dumb Investment So Far
http://www.fool.com/investing/high-growth/2012/03/29/the-smart-grid-has-been-a-dumb-investment-so-far.aspx
Don't get me wrong.
I think AONE is a tremendous long term opportunity. However I don't think we have hit bottom yet. I will get back in when I see some signs of the EV industry stabilizing having fleshed out all the bad companies, cars, batteries and other EV products. IMO AONE has the best chance of succeeding in the long term but I am not jumping back in just yet. Call me crazy but I'd rather see a run up toward $2 before I jump back in rather than but at these levels.
Sitting on the sidelines for now.
1) No demand for electric cars
2) Bankruptcies of Solyndra, Ener1 and others
3) Its own battery defects
Was in at $4, got out at $2-3. The smoke on these issues needs to clear before I jump back in.
EV Battery Maker Azure Dynamics Files for Bankruptcy
http://www.dailytech.com/Ford+Transit+Connect+EV+Battery+Maker+Azure+Dynamics+Files+for+Bankruptcy/article24323.htm
Opportunity for A123?
Volume Up Today!
Anything good happening?
In BK the common shareholders lose everything.
That's just the way BK works.
From the BK Plan
7.3 Issuance of New Common Stock and New Preferred Stock. On the Effective Date: (i) all authorized or issued Interests shall be canceled and extinguished, and the holders thereof shall not retain any rights thereunder and such instruments shall evidence no rights;[color=red][/color] and, (ii) the Reorganized Debtor will issue the New Common Stock and the New Preferred Stock other than the New Preferred Stock that is to be issued at a later date pursuant to the Plan and the Equity Commitment Agreement. Upon the issuance of the New Common Stock and the New Preferred Stock, each holder of a Claim who accepts delivery of such shares of New Common Stock and New Preferred Stock provided for in this Plan, will be deemed to have consented and agreed to the terms of, and will thereby be deemed to have become a party to, the Stockholders Agreement and the Registration Rights Agreement regardless of whether such party actually executes the Stockholders Agreement or the Registration Rights Agreement. An aggregate of 10,000,000 shares of New Common Stock will be (x) issued on the Effective Date to holders of Senior Note Claims, Convertible Note Claims, and Line of Credit Claims under the Plan and (y) reserved for issuance upon the conversion of the New Preferred Stock issued and outstanding as of the Effective Date (in an amount equal to the Total New Preferred Stock Amount) into New Common Stock. The conversion price for the New Preferred Stock shall be the Total New Common Stock Calculation Amount divided by 10,000,000.
My read is no. All existing shares will be canceled, not replaced.
The Plan provides for a restructuring of the Company's long-term debt and the infusion of up to $86 million of new equity funding, which will support the continued operation of Ener1's subsidiaries. In addition to the new equity funding, the holders of the existing senior notes, the convertible notes and a line of credit have agreed to restructure their debt in a partial debt-for-equity exchange. All of the current common stock will be cancelled when the Plan becomes effective, and new common and preferred stock will be issued to both the current note holders and in consideration of the new equity funding that will flow into the Company. The existing notes will be exchanged for a combination of cash, new equity and new notes. The Court entered a written order confirming the Plan and the Company will now proceed to close on the restructuring transactions that the Court has authorized. It is expected that the Plan will become effective within the next two weeks.
Coming out of BK, o/s shares cancelled.
That's what's going on.
Can Taxpayer-Subsidized Battery Maker A123 Survive?
http://nlpc.org/stories/2012/03/06/look-north-next-stimulus-funded-bankruptcy
A123 Systems: Is It All Over?
TheStreet.com
http://www.thestreet.com/story/11441769/1/a123-systems-is-it-all-over.html?cm_ven=GOOGLEN
"All of the current common stock will be cancelled when the Plan becomes effective, and new common and preferred stock will be issued to both the current note holders and in consideration of the new equity funding that will flow into the Company."
RBC raises INAP price target to $9 from $8;
New Customer Announced Today
http://www.miamiherald.com/2012/02/27/2663607/magnegas-announces-major-customer.html
Video Advertisement for Magnegas
http://vimeo.com/36941041
Pompis Energy Photoshoot
Just found this:
http://www.photoblog.com/digitalideas/2012/02/16/
SeekingAlpha: I Expect More From Rackspace Hosting
http://seekingalpha.com/article/365991-i-expect-more-from-rackspace-hosting?source=email_rt_article&ifp=0
BTW: I do not agree with the author's conclusion in this article. I post it only for information.
According to an industry study published last September by Roland Berger Strategy Consultants, these key suppliers have emerged:
• A123 is expected to be a leading supplier of batteries for EV buses. It also will produce batteries for the Chevrolet Spark EV.
http://www.plasticsnews.com/headlines2.html?id=24479
Indiana Think City EV Plant Fails to Produce, Sits Stagnant
http://www.dailytech.com/Indiana+Think+City+EV+Plant+Fails+to+Produce+Sits+Stagnant/article23918.htm
Mtn Dew Game Fuel vs. Pompis Energy Drink!!!
Did A123 receive any grants or loans from the Energy Dept?
Has it bounced yet?
I fell asleep watching for the bounce. LOL!!
Yeah! A run to the bottom! LMAO!!
A Bounce? LMAO!!
This is great news.
Anyone know the revenue on 1000 cylinders?
"Clayton Moran of The Benchmark Company points to takeover interest of data center companies like Rackspace (RAX ) and Internap (INAP_) as potentially being acquired by a strategic telecom or IT company."
http://www.thestreet.com/story/11352459/1/5-unexpected-deals-themes-for-2012.html
I think it is a matter of focus. A small company has many great product ideas put lacks resources to execute all of them. The vehicle/auto market requires commitment from the auto makers to build or retrofit vehicles for the gas. Whereas gas for welders is an immediate substitute for existing gas alternatives. I think it is smart that they have shifted to near term revenue opportunities. It makes sense. You'll see the stock price rise once the revenue from selling the gas starts being reported. With a recurring revenue stream they can then work on the other uses for the gas.
IMO I think they are doing the right thing. Once a quarter reporting on results and PR on new contracts is all they can report now under Reg FD. I am sure they will report what and when they can.
Internap opens Dallas Fort Worth data center.
http://www.datacenterknowledge.com/archives/2011/12/14/roundup-salesforce-com-telx-peak-10-internap/
Contracts delivering revenue and cash flow will begin to move the stock. They are very close, doing all the right things. The Michigan announcement is encouraging. I think 2012 is the break out year.