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traderyomoney

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traderyomoney

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Sunday, 12/02/2012 3:00:30 PM

Sunday, December 02, 2012 3:00:30 PM

Post# of 22017
John Petersen's article back in November is a spot on as to why shareholders will be left with nothing.

http://seekingalpha.com/article/968231-why-a123-systems-is-a-sucker-s-bet

It would be ludicrous to believe that Wanx will pay anything to the shareholders even if somehow they were able to overcome the hurdles of CFIUS and the Obama administration. Just ask yourself this, if you were in Wanx's position would you contribute any equity capital to a bankrupt compnay? Would you convert any secured debt into equities?

I'm sure most of the people on this board know the situation is not in their favor, that's why we see a lot of "pray, hope" on this board.
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