A123 Systems announces release of restricted cash and new stock offering

[CHARGED EVs Mag]

The company celebrated some good financial news, as it notified the holders of senior convertible notes that it has satisfied conditions for the release of $30 million of restricted cash... Newswire >

[mczajka]

With 5 months of funding left, the stock holders don't think this is good news. If they can work their way out of this, or someone acquires them (could/would anyone?), the stock is quite a buy right now, but at a very very heavy risk.

[Henry_FL]

From an investment stand point, don't put a penny into this, its going the path of other heavily funded by stimulus dollars firms. Equity holders will be last in line when it hits Bankruptcy, which doesn't mean the end of the company, just a rinse of stock and possibly bond holder equity. No major firm will use their product if there is uncertainty in there future if they can avoid it. I suspect Fisker and/or GM will be looking for alternatives OR just outright buy the company in BK

[Noel Park]

The company celebrated some good financial news, as it notified the holders of senior convertible notes that it has satisfied conditions for the release of $30 million of restricted cash... Newswire >

Ahhhhhhhhh, if I'm not there just start without me, LOL.