A123 Systems fka AONEQ

[local]

The management at A123 is trying to give the company away.

From page 11 "At this time, the Stalking Horse Bidder is the only party to submit a bid that does not contain materially unsatisfied conditions that must be fulfilled prior to closing. Thus, despite the rumors of alternative stalking horse bids, there remains only one bid that is currently a viable option for the Debtors."

From page 14 "MA-CEC argues that the proposed Bidding Procedures do not reasonably identify the assets to be sold and fail to state the treatment of the claims secured by any assets sold by the Debtors. The Debtors disagree with this characterization and believe that the Bidding Procedures appropriately explained that substantially all of the Debtors’ assets could be included
in the Sale."

http://www.loganandco.com/dockets/ASI/ASI_DKT_000215_084519_00128156_bd399711bb2acfdb0948d54529e3d5.pdf