Saturday, July 7, 2012

"A123's cash burn another black eye for green tech" ($AONE)

Analyst comments in a Reuters article yesterday:

"'While the stock and warrants proceeds of $9 million the company expects from its July 5th offering could conceivably provide the company with another half month or so of runway, we think it is important to get something done much sooner to allay any potential fears,' CRT Capital Group analyst David Epstein said. [...]

"Stifel Nicolaus previously said A123 would need to raise an additional $75 million by the fourth quarter of 2012 and another $200 million in 2013 to fund its ongoing operations."


Stagflationary Mark said...

Pop Quiz: What Costs $27 per Troy Ounce?

I thought you might enjoy this. The answer might surprise you. :)

CP said...

Wow! What else costs $27/oz?