In order to function as a business and support its growth, A123 requires
significant amounts of working capital. However, their anticipation and borderline
assumption that government grants and investor capital will flow in as
readily as it has during and shortly after its IPO raises doubts as to whether
AONE will in fact receive these capital infusions. If not, A123’s growth potential
might be severely hurt as it would be unable to continue making capital
expenditures to expand manufacturing capacity, and increase research and
development, sales and marketing, and general and administrative expenses