Azure Dynamics Corp. (AZDDQ)

[BigLoser64]

Azure Dynamics Gets $5M Equity Investment From Johnson Controls.

I just came across this, dated Nov 11, 2011. http://detroit.cbslocal.com/2011/11/06/azure-dynamics-gets-5m-equity-investment-from-johnson-controls/

Some snippets from that article: Pursuant to the equity investment, Johnson Controls’ Canadian subsidiary acquired, on a private placement basis, 30,796,969 common shares of Azure, at a price of 16.5 cents Canadian per common share, for gross proceeds to Azure of $5,1 million Canadian.... As a result of the investment, Johnson Controls, through its Canadian subsidiary, now holds approximately 7.2 percent of the issued and outstanding common shares of Azure.

Note: There was a well-publicized investment by Johnson Controls a couple years ago, at 30 cents Canadian. Ran the price up to ~0.30 for some time. Gave Johnson 3.4% interest in the company. So, the above article is a relatively new increase in funding & share ownership by Johnson Controls. Must be a good sign, but it didn't get much publicity.

Long on AZDDF, but it could take a while for this one to reach profitability and big returns.