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Greg:
When it will resolve its filing problems with SEC, it will jump very high, and it is supposed to do this prior to Jan 15.... within a month....
The filing problems, the Chinese-SEC filing incongruities were actually softened up a year ago with big four auditors paying a million dollar fine for evading US law, and the situation is no longer war like. The auditors and firms are working with the records and SEC is cooperating. And it is inconceivable that ABAT would betray and rob the shareholders.... They are just very, very busily toiling.
Just checking in did some dd on this stock. Seams like a good company, are the ABAT'S batterys in the new electric cars yet for this year Jiangsu Duke's 20,000 electronic sports cars..
I to think this should rise soon..
All the remaining shorts had vanished from the Yahoo ABAT board it seems. They should, for the time for ABAT to explode is around the corner.
"The permanent trade halt" is the very max shorts' gain.
I am still watching closely for any real news.
<<But the SEC does place permanent trade halts on stocks that cease reporting. The majority of the China stocks like ABAT have been halted already.>>
All this is encouraging, however sad. It looks the ABAT's and the fallen "majority's" spilled blood, and the big fourth's fight were not wholly in vain.
Yesterday, SEC purged its ABAT file leaving only two original ruling initiating ABAT DELLETION. E.g. an ORDER TO SHOW CAUSE.
This means that the removed rulings were tentative, that something else of a serious merit is holding the SEC's hand.
Interesting also that this coincides with the removal of the "bloody Mary", the supposed mobster.
GREAT WORK ON THE RESEARCH I BELIEVE THEY WILL FILE BEGINING OF YEAR LOOK FOR THE 5 OF JAN GLTA
So, let's wait for Jan 15, 2016
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ADMINISTRATIVE PROCEEDINGS RULINGS
Release No. 3225/October 14, 2015
ADMINISTRATIVE PROCEEDING
File No. 3-16832
In the Matter of
:
ADVANCED BATTERY TECHNOLOGIES, INC., :
CHAUVIN ENTERPRISES, INC., : ORDER
(a/k/a INTERNET SOLUTIONS FOR BUSINESS, INC., a/k/a :
INTERNATIONAL SOLUTIONS FOR BUSINESS, INC.), and :
OILSANDS QUEST, INC., :
The Securities and Exchange Commission instituted this proceeding with an Order
Instituting Proceedings (OIP), pursuant to Section 12(j) of the Securities Exchange Act of 1934
(Exchange Act), on September 25, 2015, and the hearing was scheduled to commence on October
19, 2015. The OIP alleges that each Respondent is a corporation with a class of securities
registered with the Commission pursuant to Section 12(g) of the Exchange Act and has
repeatedly failed to file required periodic reports. The Division of Enforcement is seeking to
revoke the registration of Respondents’ securities.
The OIP provides that each Respondent’s Answer is due within ten days of service of the
OIP on it. See OIP at 3; 17 C.F.R. § 201.220(b). A Respondent that fails to file an Answer
within the time provided will be deemed to be in default, and the undersigned will enter an order
revoking the registration of its securities. See OIP at 3; 17 C.F.R. §§ 201.155(a), .220(f). To
allow time for Answers, the hearing will be postponed sine die, and a prehearing conference will
be held by telephone on January 15, 2016, at 10:00 a.m. EST, if the proceeding has not been
resolved by then.
IT IS SO ORDERED.
/S/ Carol Fox Foelak
Carol Fox Foelak
Administrative Law Judge
SOMETHING IS COOKING HERE FOLKS IM NOT SELLING MY SLOP YET
Nasdaq delisted ABAT years ago. ABAT never filed anything with OTC.
But the SEC does place permanent trade halts on stocks that cease reporting. The majority of the China stocks like ABAT have been halted already.
Listing and Delisting Requirements
Before a company can begin trading on an exchange, it must meet certain initial requirements or "listing standards." The various exchanges set their own standards for listing and continuing to trade a stock. The SEC does not set listing standards.
To be listed initially, a company must meet minimum financial and non-financial standards. Among other things, the standards cover total market value, stock price, and the number of publicly traded shares and shareholders a firm has. After a company's stock starts trading on an exchange, it usually is subject to other, less stringent requirements; if it fails to meet those, the stock can be delisted. As with listing requirements, the standards for delisting shares are not uniform; each exchange has its own requirements. You can find the initial and continued listing requirements on the websites of the New York Stock Exchange and the Nasdaq Stock Market. Neither the OTC Markets Group(f/k/a Pink Sheets) nor the OTC Bulletin Board has listing standards, although the SEC requires companies to be current in their filings before their stock can be quoted on the OTCBB.
You can find out whether the New York Stock Exchange is seeking to delist a company by visiting the Reviews/Suspensions section of the NYSE's website. The Nasdaq Stock Market has a similar list available online.
-----------------------------------
The China-US law discrepancies were always known, and the swindled investors' wrath is misguided. But what a beautiful mafia's focus-pocus it is "for investors protection"!!
No, pink sheet stocks are not required to file financials to trade and be listed on Pinks.
It's OTC Pink No Information.
SEC Reporting - Delinquent
http://www.otcmarkets.com/stock/ABAT/quote
ECOMIKE, where did you get it that ABAT is pink now?? This is apparently wrong. It does not trade in pink and cannot. For the listing in pink requires complete financials for previous years.
WHEN ARE THEY COMING OUT WITH THE EARNING REPORTS FROM PREVIOUS YEARS DONT GET IT THEY COME OUT WITH ALL THAT NEWS HIRED ACCOUNTANTS - GONNA MAKE MORE PR RELEASES -- GONNA BUY STOCK BACK ETC!!!!!!! WHAT HAPPENED REALLY!!!!!!!!!!!!!!!!!
Rights though are not given -- rights are taken! So, without a word to SEC, the four years delinquent ABAT just started to trade in pink. Bravo!
On the other hand, ABAT has to provide audited financials to SEC and before starting trading in pinks. Nothing may suggest any fairness here except crystal honesty of CEO.
chevelle 396:
they are taking steps to present an audit pratts was hired do it for abat
thank you for info. Where did you got it?
they are taking steps to present an audit pratts was hired do do it for abat
Yes ABAT is a pink sheet stock now, but that does not protect them from being de-registered and a trade halt imposed forever due to not reporting financials is past due. They are way behind, like about 4 years now, and most of their sister China stocks were halted 2 years ago already for not reporting. I think the SEC gave them a brake due to the lawsuit they were fighting in NYC-court, but that ended a year ago and no sign since then of intent to report financials.
The initial decision re sh revocation was filed on Nov 13. The final order is expected during Dec 7-11. With amazing display of integrity, ABAT is just ignoring all this. Like in the saying, "dog barking -- man working."
Remember the shaken CEO's letter of April 2011 to the shareholders with reproaches to U.S. and vows to get away from its mafias like NASDAG?
Thanks, Ecomike. But isnot ABAT already in pinks?
Also tax loss selling underway here.
VOLUME IS PICKING UP LATELY BUT DONT THINK ITS FOR THE GOOD SIDE THEY MIGHT BE GETTING THE BOOT SOON
They were an SEC reporting Nasdaq stock, and they are years behind on filing required audited financials, they have not even filled substitute OTC paper napkin financials in about 4 years, and are thus subject to having the SEC revoke the tradeable status of the shares any day now.
Hope this helps.
Ecomike, something I am missing, need some help. So, please.
If ABAT is in pink, and all the suits are behind, what in the hell has it to do with SEC and all the filings?
IS THE DATE THEY WILL BE KICKED OUT OF MARKET?
I DONT BELIEVE THE COMP IS COOKED YET STILL HAVE FAITH IM SITTING THIS OUT TO THE END WHATS THE DIFFERENCE NOW ONLY A FEW HUNDRED LEFT AND WOULD HATE TO MISS A BOUNCE GLTA
Wow, I put up a sell ABAT call last night, due to the news posted here yesterday, on my Ecomike DD board and the bottom fell out today.
THIS IS WHERE THEY POST THE EARNING REPORTS
The SEC has demonstrated intolerance for SEC Registrants that do not meet their obligations to file Financials. Advanced Battery hasn't filed Financials since 2011 so it is unlikely the company can or will file ALL delinquent Financials immediately. Advanced Battery could have simply filed a FORM 15 4 years ago to voluntarily cease reporting to the SEC and become a non-reporting stock on the OTC, but the company did not do so, and it is too late to do so.
The SEC will revoke Advanced Battery's stock registration whereby the stock will no longer have a ticker and will not trade on any market.
This linked post will explain what will happen to ABAT....read the second segment on delinquent SEC Registrant Filers:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114783035
DOES THIS MEAN THEY ARE GOING TO BE DELISTED? AND IF SO WHEN?
ABAT: SEC Admin Proceeding ordering Financials:
http://www.sec.gov/litigation/admin/2015/34-75989.pdf
Excerpts:
1. Advanced Battery Technologies, Inc. (CIK No. 745651) is a delinquent
Delaware corporation located in Shuangcheng, China with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Advanced Battery Technologies is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for June 30, 2011. As of September 8, 2015, the company’s stock (symbol “ABAT”) was quoted on OTC Link (previously, “Pink Sheets”) operated by OTC Markets Group, Inc. (“OTC Link”).
Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or revoke the registration of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondents identified in Section II hereof, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of any Respondents
The CEO is NOTHING but a con man liar, cheater and Can't be trusted . He is a comunist and does not like Americans . Stay away from this scam.
No news that I have seen. That is why the price has fallen under support and is in a death spiral right now.
what ever happened to buy back they promissed and accounting for all those years ?? any news
very…. not so well.
I have owned this stock for many years... paid over $ 1.00 ps....
it seems to be making tons of batteries etc...but stock plays dead half the time ..I guess when it gets to O.10 cents
I may buy some more .....
Found the main ABAT ad on Alibaba!!!!
ABAT lives!!!
http://abat.en.alibaba.com/company_profile.html#top-nav-bar
I may start buying ABAT and go long again. Just found a current product listing on Alibaba here
http://www.alibaba.com/product-detail/ABAT-Lithium-polymer-lipo-battery-701435_60075428283.html
why is this even trading??!!. it's not reporting, is it inside of the gray's? If not it dam well should be!
It's clearly obvious that China has no use for it.
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This board is for fundamental and technical discussion about Advanced Battery Technologies, Inc., GBT.
Founded in September 2002, Advanced Battery Technologies develops, manufactures, and distributes rechargeable PLI battery cells using lithium cobalt oxide anodes to overcome many of the shortcomings associated with other types of rechargeable batteries. GBT develops PLI battery cells for use in electric vehicles, mine lamps, walkie-talkies, and consumer electronics, including cellular telephones, laptop computers, and digital cameras. GBT maintains research and development, and manufacturing facilities in Harbin, China, and administrative offices in New York, New York. Additional information about Advanced Battery Technologies is available at
ABAT Websites: New Web Site: http://www.abatglobal.com
http://www.abatelectricscooter.com/
Check this new page out!!!
http://abat.sys145.pkulab.com/a/English/INVESTORS_/News_from_Green_China/2013/0117/414.html
January 16, 2013 As thick fog and haze shrouded central and northern parts of China over the past several days, with Hebei and Henan provinces among the most polluted areas, monitoring data showed record high levels of particles 2.5 which are various particles of 2.5 microns capable of entering the lungs and bloodstream. Unfortunately, cases requiring medical care increased greatly and there was great concern within China and from concerned parties around the world. At this time, it has become clear that a growing consensus exists among the government and the population that steps must be taken to reduce air pollution. Education and awareness is critical so that new policies can be put in place to reduce this serious problem.
Toward this end, the China Daily has announced a new section of its on-line and in print newspaper entitled "Green China" which will regularly publish special reports to follow Chinese societies' efforts to work toward a more ecologically focussed future. The first issue will be published in March, when the National People's Congress and the Chinese People's Political Consultative Conference (CPCCC) convenes. As a part of the solution to this problem, with its various electric bike and electric scooter models, Advanced Battery Technologies (ABAT) is providing a link to this new section. Together we will be part of the positive shift.
ABAT welcomes verified distributors from numerous countries to contact our representatives to assist you.
Green Transport in China
http://www.chinadaily.com.cn/china/greentransport/
Shanghai Electric Car Incentives
http://www.chinadaily.com.cn/bizchina/greenchina/2013-01/04/content_16092078.htm
http://www.chinadaily.com.cn/bizchina/greenchina/news.htm
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