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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.


GREY:AZDDQ - Post by User

Azure Dynamics Corp
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Post by 1annacotsteel1on Mar 11, 2011 1:48pm
207 Views
Post# 18272041

Oppenheimer fund manager change caused the 30 mill

Oppenheimer fund manager change caused the 30 millThe manager recently left and the new one blew out the shares. I would say this is not that bad actually. You're a new fund manager. You don't (likely) know the company (well)and you want to make the fund your own. Azure was likely a small weighting so he blew it out.  Its like  a big holder gave up on the company after holding it for so long.

This info is from a very reliable source.

I don't know yet who bought the 30 mill shares
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