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Technology Stocks : AONE: A123 Systems -- Ignore unavailable to you. Want to Upgrade?

To: Peter Sherman who wrote (22)	4/18/2011 12:10:46 PM
From: waitwatchwander	Read Replies (2) \| Respond to of 44

Hi Peter, They have $250m or so in cash and needed another $250 miilion to get through the next year and get the factory going. That's the secondary $125m ($6) plus a convert paying 3.5%? for the over $125m. The convert at $7.20 might be interesting if one could get ones hands on it. I don't remember Sachs being part of the underwriting group but maybe they've stepped up to support the stock given all the institutional investors into the story. Are they supporting their final bailing or some other angle on the play. Convertibles can add a variety of hidden action. As far as I can tell, the story appears the same. It's just not progressing as fast as expected. The overall market turning over likely is adding to the demise. The CFO also recently moved on. That was a bit strange but he might have been taking flack for over runs in getting the operation up. He went to another clean energy startup. A123 might have been beyond his capabilities. Didn't really look there. A new CFO has yet to be announced. For the next year, it's a bet and they might well need to go back to the market foreven more funding. Dilution got us here and mght keep us here until product gets moving out the door. I figure they need $500m in revenue before the pump gets primed. It could well trade in a range of $4 to $7 until final funding matters are revealed. Hard to say about mgt. I've yet to spend enough time here to capture that feeling. They might be more academic/engineering types then biz/deal oriented. Could be another q like call in more ways than one.

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