A123 - Obama's Latest Fatality

Hi Joe

 

Several years ago I had close contact with one of A123s lead engineers and often consulted with him regarding the Lithium Ion battery chemistry.  At the time - their main market was with with Milwaukee cordless tools. 

 

At that time - their lead engineer informed me that they had decided to go public and was going big with a federally backed loan guarantee.  I advised him then - not to take the money as it would be a 'hex' or 'ball-and-chain' in the long haul. 

 

Well three years later - and equipped with 249 million federally guaranteed dollars - and guess what!!!!

 

READ ON! 

 

 http://www.smallcapnetwork.com/A123-Systems-AONE-Bankruptcy-Who-s-Left-to-Crash-in-Electric-Car-Batteries-JCI-CBAK-VLNCQ-HEVVQ/s/via/3414/article/view/p/mid/1/id/1008/

 

It seems as though everything that Obama touches ends in disaster.  The saga continues.