Yet Another oblahblah green energy company funded going BK.

New Post Public Reply Private Reply Replies (0) Message Board
Big Tuna

Yet Another oblahblah green energy company funded going BK . Only $249 million this time around. I suppose that could have been used to hire teachers, police and firemen instead of pissing it away again like most of his other worthless spending programs . Just another reason, among 100s, why this empty chair leader should have been vetted by the liberal media instead of conning all those that voted for him, since so many couldn't see him for what he was then and now.

http://money.cnn.com/2012/10/16/technology/a1...index.html

NEW YORK (CNNMoney) -- Electric car battery maker A123 Systems expects to be in default on debt payments Tuesday and could be headed for bankruptcy, according to a document the company has filed with the Securities and Exchange Commission.

"No assurance can be given that the company will be able to avoid restructuring, reorganization or a bankruptcy filing," said A123, in the document, filed Monday.

A123 Systems said that it expected to miss its October interest payment on $143,750,000 worth of 2016 corporate notes. The company said it also expected to miss a payment on another $2,759,000 worth of notes.

The company said it may not have sufficient cash to fund operations, and could seek protection under the U.S. Bankruptcy Code in order to obtain new financing and complete deals it is considering.

A123, based in Waltham, Mass., manufactures lithium ion batteries in Asia, Europe and North America, including batteries for plug-in hybrid and electric cars.

The company's SEC filing comes just two months after Chinese auto parts maker Wanxiang Group Corporation announced plans to  invest up to $465 million in A123 , including an initial credit extension of $25 million.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

CORE CEO Charts New Growth Path in Organ Donation

Updated Category News Views 0

Embracing New Horizons in Organ Donation In a whirlwind of change and commitment, Deborah Maurer steps up as CORE's new CEO, aiming to bring a fresh perspective to the organization's storied history. With her extensive experience at the transplant frontline, she's no rookie. She's got ambitions to shake things up, focusing on collaboration and innovation within the...

Continue Reading
HiTHIUM Surges in Global Energy Storage Battle

Updated Category News Views 3

Man, those aren't small potatoes in the energy storage realm! HiTHIUM’s blitz on the global rankings has caught my eye, and I don’t toss around praise lightly. The news out of Xiamen is that HiTHIUM secured the number two spot globally in energy storage battery shipments once again. That’s not just a medal; it’s a flashing beacon in a sector skyrocketing faster...

Continue Reading
Nozomi Networks: Leading OT Security in 2026

Updated Category News Views 2

One Year of Massive Wins for Nozomi Networks Here's a wild trajectory: Nozomi Networks has been firing on all cylinders in 2026, capturing attention not just from analysts but also from anyone with a stake in the security game. The company’s impressive run was highlighted most recently when they were crowned a Leader in The Forrester Wave: Operational Technology...

Continue Reading
Syra Health Expands Public Health Wellness Initiative

Updated Category News Views 1

Wellness Programs in Public Health: A Necessary Evolution Syra Health and Wake County Public Health are kicking off a renewed push for wellness with their Wellness S.P.A. 2.0 initiative. This isn't just a fancy rehash of their earlier project. Nope, it's a full-on effort to support those on the frontline of public health, those folks bearing the brunt of complex...

Continue Reading
York Space Systems Faces Lawsuit Over IPO Debacle

Updated Category News Views 2

Trouble Brewing in York Space Systems' Orbit Here's the nitty-gritty: York Space Systems (NYSE: YSS)—a company's whose bread was buttered primarily by Uncle Sam—is now facing some serious heat. We're talking about allegations that make you double-check your portfolio and rethink that second helping of whatever Wall Street's serving. The Stakes: From Space to Legal...

Continue Reading
SCO Summit 2026: China's Expanding Role & Opportunities

Updated Category News Views 2

Understanding the Mammoth: SCO at 25 If there's one thing investors need to keep an eye on, it's the sheer heft of the Shanghai Cooperation Organization (SCO) as it swaggers into its 25th year. Tackling a blend of complexities, the SCO isn't just puffing out its chest; it's a behemoth with its fingers in what's now 27 countries and more than 50 areas of collaboration....

Continue Reading
Panel Eyes AI, Guidelines for Workers' Comp Claims

Updated Category News Views 2

Tackling Workers' Comp Consistency The world of workers' comp is all set for a shake-up come National Comp 2026. With industry stalwarts gathering in Seattle, one hot topic on the table is how to turn evidence-based guidelines into everyday practice for claims. And, trust me, it's not as straightforward as slapping guidelines into a handbook. Evidence and Integration: A...

Continue Reading
Wheaton Precious Metals Sets 2026 Investor Day Webcast

Updated Category News Views 1

Ready for a Glimpse into Wheaton's Strategy? Gather 'round, folks, because on September 16, 2026, Wheaton Precious Metals is rolling out the carpet for its Investor Day webcast. It's more than a routine session; it's an open window into what's simmering behind Wheaton's illustrious streams of gold and silver. I mean, what's better than having a front-row seat to the...

Continue Reading
Old Orchard's Fall Festival: Music, Vendors, Fun

Updated Category News Views 3

Big Bend Turns Festive Again When it comes to fall, Old Orchard ain't shy. The quaint corner of Webster Groves is gearing up to transform Big Bend Boulevard into the sort of autumnal bash that would make even Mother Nature kick up her heels. This October 24 and 25, folks will be spilling into the streets as the Merchant & Business Association of Old Orchard (MBAOO)...

Continue Reading
Retro Game Market Sees Sparking Interest Amid Decline

Updated Category News Views 0

A Shift in the Video Game Marketplace The market for physical video games has certainly seen better days. The recent data shows that U.S. spending on new physical video games plunged to $1.5 billion in 2025, marking the lowest figure since record-keeping started in 1995. It's a steep dive from the $11.6 billion peak back in 2008—like running downhill and missing the...

Continue Reading
g" aria-label="Continue reading: Canada Supports Leqembi for Alzheimer's Patient Reimbursement"> Continue Reading