LITHEUM

Giving 123 Technologies $300 Million, and right afterward it declared bankruptcy and was sold to the Chinese Taxpayer-Funded A 123 Green Energy Company Handed to Chinese A 123 Systems, the “green,” federal stimulus-funded lithium ion battery manufacturer, announced atrocious quarterly results today. Most expected that A 123’s results would be dark red. What was a surprise was the simultaneous announcement that the company had entered into a memorandum of understanding (MOU) with a Chinese industrial group, Wanxiang, that will give the Chinese control of the company https://finance.yahoo.com/news/a123-posts-82-9m-2q-114758851.html