Category Archives: Bankruptcy

ECOtality May Be Considering Public Offering As Share Price, Prospects, Products Melt Down

As the worst VC firm in history (*cough*US Government*cough*) sees its portfolio dwindle again, one of the dwindlers may be preparing to raise some private money. ECOtality, Inc. is a “green” energy company and, as such, is an esteemed recipient of … Continue reading

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Psychic Friends Network Revives As A Public Company After 1998 Bankruptcy

Cue cheap joke about how they should’ve known about the legislative and regulatory changes that led to their bankrupcy . . . Looking at today’s filings, we were struck by a strange sense of déjà vu, like a presence from … Continue reading

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U.S. Stimulating Chinese Economy Again as Wanxiang Group Wins Bid for A123′s Assets

Wanxiang Group was announced as the winning bidder for A123 Systems’ assets.  A123 had previously been awarded a federal stimulus grant of about $250 million, had applied for federal loans of about $233 million and had received other incentives from the … Continue reading

Posted in Bankruptcy, M&A, Public/Private Partnership, Venture Capital | Tagged , , , , , , , , , , , , | 3 Comments