Re: UPDATE
driven
8/21/2011 8:03:30 PM
Interesting. I'm going to keep watch on this one because it feels like something is in the works.
AMSC received a letter from the Nasdaq Listing Qualifications Department today advising it that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to its inability to file a timely Quarterly Report. The company received a similar notification in June about its failure to file a timely annual report.
The notification has no immediate effect on the listing of the company's common stock.
AMSC maintains it needs additional time to complete the preparation and audit of the company's financial statements, including its restated financial statements for the fiscal quarters ended September 30, 2010 and December 31, 2010. AMSC sent a detailed letter to Nasdaq this week outlining its plan to regain compliance and requesting an extension of time to file the required periodic reports.
Nasdaq has the discretion to grant the company an extension of up to 180 calendar days from the due date of the Annual Report which would give it up to December 14.
Re: Good Analysis
Phoenix
8/17/2011 11:23:52 AM
I have a feeling that even though the present problems seem to cripple the company AMSC still has some spirit left in it. Even if a takeover happens there is a lot of possibility for future growth. I know the price of oil will play a role but I doubt it will fall so much as to have a big impact.
Re: Good Analysis
tokyogai
8/17/2011 10:37:21 AM
I guess it could, but with China driving demand , that is really not certain. I guess we will see.
Re: Good Analysis
yalanand
8/17/2011 10:28:56 AM
@tokyogai, True but if there is double dip recession I predict oil will trade below 50$.
Re: Good Analysis
tokyogai
8/17/2011 10:24:13 AM
I garee that the price of oil is a heavy influencer, but I do not see cheap oil coming back. Even at $85 or 90 oil the case is strong for alternative energy. If we implement cap and trade or something like it, that will further dirve alternatives.
Re: Good Analysis
yalanand
8/17/2011 10:12:48 AM
I think alternative energy is here to stay and those who service the market well will thrive.
@tokyogai I agree with you but it all depends on how oil trades. If oil trades below 100$ then there is good chance that demand for alternative energy might reduce.
Re: Here's what happened to the Jobs the President discussed
yalanand
8/17/2011 9:58:43 AM
@Drivewaygirl, According you who is the possible buyer ?
Re: Here's what happened to the Jobs the President discussed
Drivewaygirl
8/16/2011 8:41:45 PM
That's true...but AMSC is potential takeover target.
Here's what happened to the Jobs the President discussed
PredictableChaos
8/16/2011 6:01:45 PM
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