I hope you are all correct. The issue for me is we don't really know exactly how much debt or exactly how much less than the original offer. Wasn't such a big problem when we were talking $1B but the margin is much narrower here. Of course if the aggregate is sold and fetches at least $100 mm more, things could be much better.
Here is one other question that I have -- I am holding shares in this and have been for a while. However I have not had the time to research out a few things further - was wondering by chance if anyone else had.
When A123 filed BK -- not ALL of their divisions were included in the BK. I believe those divisions were mainly overseas. Were those divisions included though in the "corporate" stock that was aoneq? If so were they profitable divisions?
The reason I am asking this question is that not all Chapter 11 stocks end up with the shareholders receiving nothing or with the stock not being traded anymore. Lets by chance say that the bids only covered debt of those divisions included in the BK - then what about those divisions that were NOT included in the BK?
Hopefully I am making sense -- have been working too many hours with too little sleep lol.
Has anyone done any research on those other divisions?
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