The answer to your question has been answered on numerous occasions by different posters on this board.
Since this is a chapter 11 bankruptcy, A123 could emerge from bankruptcy as a viable entity after asset sales and renegotiating with its creditors. As a result, secured creditors and bond holders become the new owners of the shares. Reorganization of the company will lead to cancellation of the existing shares, and lead the common share holders with nothing. Even if the shares are not cancelled, common shares are subject to dilution. This is what happens to 99% of the chapter 11 bankruptcy cases. Now of course there are exceptions like GGP, but it is very very rare. This is why I'm speculating this stock will trade in the range of .05 - .1 for a while and could go down to 2-3 cents. Obviously this assumes that everything goes well and A123 does not go into Chapter 7. Some of you are claiming that A123's assets exceed its debt, while that is true the company is looking to sell its assets and not the entire company thus it filed for Chapter 11 rather than Chapter 7 if the company was insolvent. At this point it would take a miracle for aoneq to get to $0.15+ a share with all the risks that it's shouldering. Another point to think about is why would a company offer $500 mil+ for a bankrupt battery maker when prior to bankruptcy, the max offer was $465 mil by Wanx? Why by going into bankruptcy, GM, GE, Wanx, JCI, etc suddenly value the company a lot higher? Any of those American companies beside Wanx could have snatched A123 prior to bankruptcy for a LOT cheaper. Anyone who thinks A123's assets will be bought out for $1bil+ is just dreaming. An offer of $1 bil+ would put aoneq's market cap at $250mil +, which it hasn't exceeded since last year before all the problems with manufacturing surfaced. Some of the thought process on this board is illogical, and it seems most of you don't even understand basic finance concepts. If you are holding this stock by gut feeling and you don't care about losing money then kudos to you, if you don't want to lose much more money then I suggest you reevaluate your position.
And NO I do not own any position in this stock
AI
