Wednesday, June 13, 2012

Wunderlich Releases Excellent Report on $AONE

The title of this morning's report by Wunderlich Securities was "Media Hypes AONE New Technology Announcement Out of All Proportion. Expect Full Retrace of Share Price as Reality Sinks In - New Technology Has No Near-Term Impact." Highlights:

-"new battery technologies are a dime a dozen"
-"does nothing to help the company solve its existing problems... demand for batteries for EVs is low and the company is running out of money"
-"all the major auto makers have locked in battery suppliers until 2015 at least"
-"new technology has no impact on the company's near-term requirement to get more money before the end of 2012"

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