Azure Dynamics Corp AZDDQ

Consumer Cyclical Auto Parts

Azure Dynamics Corporation (Azure) is engaged in the development and sale of electric vehicle (EV) and hybrid electric vehicle (HEV) systems and components. HEV systems include an electric motor, an energy storage system (batteries or ultracapacitors), and an additional power source, such as an internal combustion engine/generator. An EV does not include the additional power source and only includes an electric motor and an energy storage system. It has four wholly owned subsidiaries: Azure Dynamics Inc., Azure Dynamics Incorporated, Azure Dynamics Corporation of America and Azure Dynamics Limited. Azure has developed electric and hybrid electric drive technologies for the light to heavy duty commercial vehicle category (the Technology). Azure has developed three primary product groups, which include full hybrid electric; mild hybrid electric; and pure electric solutions. Target markets include hybrid electric delivery vans and shuttle buses, as well as electric drive applications.

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Azure Dynamics Corp

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Comment by MaxxMaxxon Jul 29, 2009 5:48pm

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Post# 16176614

RE: Stock offering

How do you think this will affect the current stock price?? Does this drop the opening price to .17 at opening tomorrow?

Most of these companies have no access to financing as they don't make money so the only way for them to get access to funds is right here. Banks aren't lending. PP'S are at a huge discount to the market esp when the company is treading water financially. Of course, AZD is not alone so glad to hear someone is willing to risk their money. TSX has been doing a lot of listing reviews lately as some of these (PP'S) are ridiculous in dilution and well below market.

One can argue that it provides some sort of superficial value on the stock. Tomorrow will be lucky to be $0.17 IMHO

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