Speculations:
1- The sale to Wanx. is blocked
2- JCI/NEC steps back in with the $250 mil bid
3- A123 gets the rest of the stimulus money ($125 mil)
4- Creditors get paid 0.61 to a dollar
5- Leaving A123 with a cash surplus.
From what we know now, Wanx. has bought most of the assets and assumed the liabilities RELATED to those assets. Gave A123 $256 mil to pay creditors. The $350 mil is Wanx. to invest in it's newly aquired assets and has nothing to do with A123.
Yet, there's still stimulus money for A123, let's not forget. Also, A123 made it clear that the licenses for it's technologies sold to Wanx. are to be licensed back to A123. Does that mean this so called "shell" company that opted for a Chapter 11 reorganization instead of a Chapter 7 total liquidation, is to come out of BK and continue to operate, develop newer technologies and open new factories?
And why has not the common shares been cancelled or been requested to be cancelled? Is this why we have scheduled court hearings until April of next year?
I wish somebody from A123 would come out and do a meaningful press release.
