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A123 Systems (Nasdaq: AONE) shares are volatile once again Tuesday following an update to its bankruptcy and sale process.
According to Bloomberg data, A123 filed papers on October 19th seeking retention and incentive bonus programs for execs, along with a severance plan for about 940 current employees.
Under the proposed plan, execs will receive up to $4.2 million through the incentive plan. Benchmarks on the plan will be the sale price on the lithium-ion battery unit as well as "actual performance against a budget." The minimum sale price is $150 million for any bonus to be received.
The proposed severance plan might cost as much as $6.8 million. Should the buyer offer current employees jobs, the actual cost might be much less.
Currently, Johnson Controls (NYSE: JCI) is in agreement to buy the lithium-ion unit for $125 million.
A hearing to approve an auction of the battery unit is slated for October 30th. A123 wants the judge to require other bids by November 16th, followed by an auction on November 19th, and a hearing to approve sale on November 26th, Bloomberg notes. A hearing on the bonus plan is slated for November 8th
October 30, 2012 as a reminder:
The Court granted A123 interim approval to use $15.5 million of its $72.5 million Debtor-in Possession ("DIP") financing from Johnson Controls, Inc. JCI +0.88% ("Johnson Controls") to support the Company's operations throughout the transaction process. A court hearing for final approval of the DIP has been scheduled for October 30, 2012. The Company also received approval to, among other things, continue paying employee wages, salaries, benefits and other employee obligations
Some facts: Last month I was priviledged to attent to a Seminar where a professor from an European university gave presentation related to Grid Storages (GS). The audience was from a very wealthy small europian country parlament. The message was very clear. Already 2015 the change towards Grid Storages wil be huge, especially in the areas where energy production is even partially based on Sun, Wind and Water. GS energy will also nicely complement the existing power production techniques and share the load on peak hours.
In the news today was, that it has been predicted, that China will economically pass U.S in 20 years. Now the estimation was corrected only to few years. Chinese want to show the rest of the world how advanced country they are and energy production using GS is defenately one way to proof that. I would be very suprised if A123/Wanxiang Group would not have a major role behind this.
The Electric Vehicles will play minor role in A123 future, when this bigger picture is taken in to account relaqted to Grid Storage. There sure will be other players as well, but the market is enormous. (Sorry, I'm not native english speaking person)
Oh, you are long...well you have a great board strategy! Nice!
I guess somebody values the patents which W2Energy posesses more than them self. This is a easy and inexpensive way to get hold on those. Smart move from somebody, wow!
I'm so much wondering the same what is his/her motivation. Tip of the day nr 2:Outdoor activities are also options, rather than hanging here
Before just crying and shouting here what are the facts from tech point of view etc, you don't need to be a Sherlock Holmes to find something e.g related to Compressed Air Storage.
You guys are so "everything and all for me now and immediately". You just need to wait, it will come there. Patience please! Now you of course say" I'll be waiting for 3 years! Hah, with these new technologies it's nothing.
tip for the source of info:
http://azrise.org/
it's only on the FRONT PAGE of AzRISE site! I would say WAU for that!!! and the article link to Arizone Daily Star is exellent too! Something is defenately cooking there. That's how science and solutions are created to help mankind! Go WTWO GO!
Thanks for sharing your thoughts....LOL! If I was not skeptical with this stock, I would sell my house and invest everything on this one. Now I need to seddle for my poor 600 000 stocks, which is practically nothing. Those I will keep until the very end, what ever it is. If you guys/gals can not mentally handle these microcap stocks, there sure are other options. Please stop crying on these boards, so pathetic!
Brave move! At this development phase of WTWO, I would never dare to do that!
News 22nd June 2011
Geely’s MPV readying for productionChinese Car News | CCT | June 22, 2011 at 5:06 pm
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Geely maybe a major Chinese automotive company, but they do lack MPV and SUV models, for 2011 Geely are aiming to rectify this issue by launching the EX7 SUV and also the below EV8 model under the Emgrand brand. Emgrand was set upto carry Geely’s mid to high range models. The EV8 was originally codenamed the HL-1 within the Geely empire and is set to carry both diesel and petrol engines which could indicate a plan to sell the EV8 in markets other than China. A six speed automatic gearbox has been recruited from the DSI Transmission line up. On the size front the EV8 is slightly bigger than the current Toyota Previa according to Chinese media reports. The EV8 will launch in the second half of 2011.
German news today:Nuclear power plants will be all closed in Germany by 2022.
That's quite clear direction where the energy planning is heading.
There are currently demonstrations againts nuclear power in Japan and in such a highly populated country the CO2 based powerplants are not an option either.
WTWO has full set of ideas to tackle with those challenges for Japan and all the other countries as well.
Now is the time for decision makers arround the world to turn the boat, right now! Go WTWO GO and show your teeth.
I've been watching this company for some 3 years. Bought mine at 0,0044. When it jumped to 0,04 I did not sell. If, sorry, when it does it again, I'll not sell. When one of their solution strikes, the price will be something else than 0,04. I have time to wait no matter how long it takes. I'm not "all in" with this one. Good luck and know how on your path WTWO.
I contacted the Arizona Research Institute and asked why W2Energy was not listed on the Affiliate program and the program manager Joey Pouliot replied that they are finalizing agreements. I'm sure we will hear more on this one! It will be a great begin for something revolutionary!
Well, atleast no dumping of the stock in the insane low prices. People are in waiting mode... buggle up, Rocket is ready to launch!
Let's put it this way that shooting one's own leg is not very healthy. Description, for not doing that can one figure out, hopefully.
If I recall right coopsa is WTWO stock owner which makes his "supportive" comments quite skitsofrenic...
There is also other things cooking under the surface!!!!!!!!!
See comment e.g. on the post number 14832. I guess I missed my chance to raise my stock amount to 1 000 000 this week¨, damn!-Kalle
14832 by larice
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National Coal and W2 Energy Techology equals a profitable combination. I am waiting to hear news on successful steps towards financing the Tennessee Clean Coal.
http://nationalcoal.com/environment.php
Nothing guaranteed. I am long and holding.
Suprise: Well I bought my stocks at 0,0044 and those ten folded in few weeks. Did not sell. These "penny stocks" are full of suprises in good and bad. That's why they are so lovely and interesting! If this beauty in going more enough down, I'll place my bets again! If it rockets grazy, I might place my bets again. Human mind is mysterious. Enjoy the game, it's one of the many ways to enrich the fun part of the life.
Let us bet on this one, if we want. I don't think our bets are away from your pocket. This is a game for everybody, globally, I come from northern Europe. I you were 100% sure this is a wrong bet, you would stop hanging on this board. Nobody is forced to bet on this one. Let us place our OWN bets and keep ENJOYING the game. Does somebody really know for sure this horse will loose or win. If anybody is 100% sure of the result, please share, so we can stop this board or continue smiling writing. I continue smiling :) I don't think any of us is placing on the bet his/her life savings, house, etc...at least not yet. This stock is full of suprises!!!
Investing on stocks is just another way of gambling. If your head is not strong enough for that, let it be, let us rest just continue on our chosen path, someone is hit by luck, some other not. Let's not take this so seriously. Every stock has it's own riks. Higher the risk, higher the lose/win. Often the stock market moves are not rational at all. Seen that many times. Let's just play!
If a person is 100% sure that this compary is not going to succeed, there is defenately NO point to a one fraction of a cent on this one, but if there is even slight chance, as I think, its worth of it. I currently have 600 000 shares and will defenately NOT sell those. If the company goes down, so shall it be, but if it succeeds, that's another story!!! Thinkin of "investing" on this eg 250 000 shares, meaning ca 725 dollars, its barely called investment, if you loose it, bad luck, if this rockets, you know what it means.
People who are trying to find all the worst things of the company are still having some hopes and interest on this one, otherwise would it be worth wasting time on these boards. Ingnoring means, the interest is lost totally. So, on which ever side you are in, keep posting! that shows that there sure is still huge interest and potential around the company! I'm in untill the very end, which ever it is!!
Well, I have close to 1 000 000 wtwo stocks so at least now I'll settle for that. But I'm defenately NOT going to sell these untill the price is hundreds fold higher than now. If that is not going to ever happen, I just lick my wounds. I've bought these at price 0.0044, so slightly surviving still. There sure a things to critizise some actions of wtwo, but there sure is potential as well! You either loose a bit or you win bigtime, both are fine for me :)
Yes, it's very hard for me to believe that getting into this kind of news it all would be just bullshit. Seriously, the things what this company is after does not happen in a day or two, or better, in a year or two. But when it hits the goal in this bioenergy etc field, it hits it so hard that it's not possible to imagine. All oil catastrophies and CO2 laws will quide inevitably to the direction where WTWO is heading.
Enormous profits and success requires enormous patience!!!
It's funny, yesterday sales started with 100 stocks bought, so somebody invested half of a dollar. I think some highschool, sorry elementary school pupils are also interested in stocks.
Well, the alternative energy will defenately raise it's head. E.g Obama states todays BBC news following!
President Obama vows to "make BP pay" for the Gulf oil spill, and says the US must end its fossil fuel "addiction".
Gasoline will run out in a period of time and these katastrophies have really a extremely valid point to reduce consumption of fossil fuel. Most likely after Exxon Valdez and now Mexico Gulf incident, governments will take serious actions to look into alternative energy solutions.
I wonder if WTWO does not have the future, then who has it. This stock will hit rocket high in very near future. How on earth can I be wrong?!
Simply WTWO has also the bottom price. We have met it know. Looking fwd what really happens next!
Increased bashing, clear sign something positive is defenately cooking there! Thanks very much!
I bet we need to wait for some tangible deal(s), and then it blows.
I'am new on this discussion board, but have been following discussions here for sometime. There is defenately something cooking with this company. Florida meetings are resulting some fruits very soon. Maybe I should buy another 600 000 pcs stock at this price level!