China BAK Battery, Inc. (CBAK)

[Ecomike]

Time to sell, jump ship, and bail on this POS!!!!

They just announced plans to raise the AS shares from 20 mil to 500 Million shares!!!! Bad news and no doubt more is coming, like a flood of new shares at god knows what discount???

I just shorted this junk and sold!!!!

idiots they are for raising the AS to a half billion shares on a $5 Nasdaq stock in China?

FOOLS!!!!!

THis will be sub penny before year end!!!! Their competitor tried a R/S Axpw and fell from $9 to .03 recently. CBAK will do worse I fear with 500 mil shares. It was only 12 mil OS before todays back stabbing news.

This is why I hate so called non penny stocks on Nasdaq. Seen way too many crash and burn worse than pink sheet stocks like ifus.