China Trading Stocks

[tbirdman]

$CBAK -

Shenzhen BAK Battery Co.... I wonder if the company has control of this, or is this owned by creditors?
http://www.nasdaq.com/article/loan-default-and-foreclosure-bring-china-bak-batterys-solvency-and-viability-into-question-cm372381

Reason I bring this is up is this recent news....(I screenshot the article, as you had to sign up to view).

http://metal.com/newscontent/89489_8-china-battery-firms-included-in-the-3rd-list-of-companies-meeting-entry-requirements



Even without this, we have a major PO posted recently that I believe has slipped through the herd.\

China BAK Signs Purchase Contract with Sysgration

Under the contract, Sysgration undertakes to purchase from China BAK for no less than 6 million units of 26650 high power lithium batteries in calendar year 2016, for use in Sysgration's battery packs supplied to electric vehicles manufacturers.

http://www.prnewswire.com/news-releases/china-bak-signs-purchase-contract-with-sysgration-300237035.html