Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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.
VOLUME IS OFF THE CHARTS TODAY LOL WHEN IS PRATZ GOING TO BE READY WITH AUDIT ANYONE KNOW?
$ABAT update fresh off the press
Part of my Ecomike DD is keeping up with less know sources of info on dark or partly dark firms like ABAT and sharing what I find.
Today I got an email from a large ABAT shareholder who traveled to China 2-3 years ago to see the new ABAT factory open. He has been quit the bull on the company so far as seeing is believing, but now he his starting to lead a shareholder battle due to ABAT's silence and non reporting.... Here is what he said in the email I got today. (Note, I am currently no longer long ABAT, but I may buy back in if the news and price is right, I am still following it closely and charting it on my ecomike Ihub board)
----------------------------------
Dear Shareholders,
Despite all the positive press releases recently, ABAT has not yet filed with the SEC. and the stock price has dropped to 25 cents. Furthermore, ABAT did not follow a Court Order See COURT ORDER for ABAT to show Books and Records to show their Books and Records to a hedge fund called Southpaw by May 15, 2015 and Southpaw along with their attorneys Elliot Greenleaf have filed a contempt order with the Delaware Court of Chancery.
In the interests of protecting other shareholders, the time has come to organize about 10-20 other shareholders to join the Southpaw Action so that if the company is placed in receivership (which is likely) Southpaw will not be the only shareholder that benefits. All shareholders should benefit as in the case of SCEI.
This is the mission.
If you are interested in joining this action which will cost between $1000-$5000 depending on how many shares you own, please contact abatevents@gmail.com
We have only 1-3 business days to organize this group and will be retaining an attorney who is an expert in these matters expeditiously.
Sincerely,
ABATEvents
Photo of the opening ceremony a few years ago..
https://cascade.madmimi.com/promotion_images/0569/7449/original/1-12100G9412Y10.jpg">https://cascade.madmimi.com/promotion_images/0569/7449/original/1-12100G9412Y10.jpg" />
ABAT verifying (physical) assets.
Year / Equity placement / Shareholder's Equity
2010 / 28.5 / 205
2009 / 40.8 / 132
2008 / 20.4 / 76
2007 / 0 / 36
2006 / 0 / 21
Equity placement total = $89.7M
Shareholder's Equity increased by $184M
If the company wasn't profitable, how did it do that?
---------------
http://abat.sys145.pkulab.com/a/English/ABOUT_US/Group_Profile/list_42_1.html
Subsidiary / Total area (sqm) / Floor space (sqm)
Harbin / 136,000 / 70,000
Wuxi / 80,000 / 35,000
Dongguan / 105,000 / 55,000
Dongguan was an $83M investment. We've all seen the pictures and videos. Total floor space is roughly 3x the size of Dongguan.....
If the company wasn't profitable, how did it do that?
How did it purchase inventory? How about prepaid expenses? etc.
---------------
2010
http://www.sec.gov/Archives/edgar/data/745651/000109690611000507/abat10k20101231.htm
Proceeds from equity financing, net $28,471,500
2009
http://www.sec.gov/Archives/edgar/data/745651/000109690610000346/abat10k20091231.htm
Proceeds from issuance of stock, net $40,788,717
2008
http://www.sec.gov/Archives/edgar/data/745651/000109690609000214/advancedbatteryform10k123108.htm
Proceeds from issuance of common stock, net $20,356,480
2007
http://www.sec.gov/Archives/edgar/data/745651/000129092908000015/abat10ksb2007.htm
Net cash provided by (used in) financing activities 776,826 (loan)
2006
http://www.sec.gov/Archives/edgar/data/745651/000129092907000111/abat10ksba2006.htm
Net cash provided by (used in) financing activities (4,628,672) (repayments loan)
Still accumulating?
Remove the stickie.
Spanish police raid ABAT connection offices. LOL. A year ago.
Assuming something else does not turn up bad news or a scam on ABAT...
on this
"I wouldn't invest a single penny in this company right now. Even when they file 2011 audited results, there is still a good chance the SEC could revoke them. "
I disagree. If they file an audited annual reported, that would be a major deal and the SEC would be inclined to give them an additional grace period to file additional reports. The audited reports must be prepared sequentially, one at a time as one depends on the prior years audited report. They can not be prepared sequentially. To prepare one and hold it till all of them were completed would risk SEC action before they were all completed. I was in a similar China stock that went back and spend 2.5 years redoing 3 prior years audits, and the stock suffered, but they filed new reports about every 6 months once the first one was comppleted. What was interesting is that nothing significant changed in the reports.
Only reason I see that the SEC did revoke the shares, is because ABAT was actively defending 2 lawsuits in the USA...
I think ABAT wants to be revoked. But they have to do it in such a way that the shareholders won't sue their asses.
We'll see. I wouldn't invest a single penny in this company right now. Even when they file 2011 audited results, there is still a good chance the SEC could revoke them.
As I have said before, there are quite a few decent fully reporting companies out there trading at P/E's of 1 or less. So there is no need to invest your money here.
ABAT links
http://www.abatelectricscooter.com/
The US and China patent offices both list well document issued li-ion battery patents, that I have printed, read, examined and found to be quite real. The Company is a US company, with a US patent which is a US based asset, not a China based asset.
I suspect many of their batteries are sold under private labels.
http://en.wikipedia.org/wiki/Advanced_Battery_Technologies
ABAT sells its product lines across the globe, mostly as generic and re-branded product.
Wuxi (owned by ABAT) manufactures scooters under a variety of names.
In China they are manufactured, re-branded and sold for Jinan Qingqi,
In Spain Wuxi sell until ABAT name through ABAT CONNECTION company, who has the preference for Europe market.
Wuxi-Huina and China Flame Group.
In Denmark Wuxi is re-branded as Lynx Scooters,
in Russia under the Ecobahn name,
in Poland under Pollana.
Other distributors and re-sellers are found in The Netherlands, Slovenia, Czech Republic, Italy, Turkey, India, Singapore to name only a few and confirmed
Obviously not a shell. A shell does not vigorously defend 2 law suits for years at considerable expense, win those two lawsuits which ABAT did (one just weeks ago), if they are or were a shell. There is plenty of evidence of their products on the internet if you search properly. They have filed 8-K fillings not long ago, also showing evidence they are still alive and operating.
The only real issue here with ABAT is will they report past due financials finally (there is still an active battle between the US SEC and big four Asia-US auditors over China law and US SEC demands for audit papers the SEC knows can not be produced with out violating China criminal law), before the SEC deregisters the shares, thus making them illiquid (I think the SEC held off while the 2 lawsuits were pending and being fought by ABAT in US courts), and will ABAT buy out US investors, go private or move to an Asian exchange.
Thinkin we have a Chinese Shell company here. Good luck getting your hands on any of their products...if they are as big as they say they are, you bet those bikes etc would be readily available right here in the US...
ABAT connection, the distributor in Spain, with 25+ dealers, looks like it's gone.
Can't find the facebook page or website. And the blog hasn't been updated.
http://abateuropa.blogspot.nl/
Not sure which links and info you are asking about?
This is working
http://abat.sys145.pkulab.com/a/english/
I think the company is real and maybe way undervalued, but my concern is the SEC and lack of financials, and the SECs nasty habbit of killing the trading of stocks, especially China stocks, that are non reporting for this long on financials. I would feel much safer if they filed at least one audited 10-K for the oldest missing annual report.
Mike, Spose we are actually getting some concrete news out of this co. , SA article on Elect. Vehicle contract ? God only knows we're do for something? GLTU Volume up a little today?
I am hoping to land some cheap shares before I answer that question
WTF happened with Abat Connection?
- Can't find website
- Facebook page is gone
- Blog hasn't been updated since 2013
Not sure I support this company any longer, in any way.
Should we remove the stickie?
Apparently that wedge I called is confirming however it's to complicated to see if a good bounce will come of it..
In the mean time, you as mod, should update the ibox with all of the data, all the reasons it failed some time ago, so as to produce a full none objective view of current and past events, verses just trying to make it out as if all is good.. a full comprehensive view of all risks in a 1 stop ibox shop would serve 'investors' well, and most likely improve speculative visitors ability to make decisions. Enhance the credibility of this space.
a 1 sided view or crossing a street without checking both directions, is a dead walker waiting to happen. I'm way to busy to do such things these days but I've done it years ago.. And those who followed, that is, those who had followed the guides I set should have pulled a 4 bagger and got out in time before it killed em. Because I always posted both sides of the table and warned properly in good time.
ABAT is cash flush, had a huge hoard of cash, and was very profitable as of the last filings and built a massive 3rd plant with some of that cash since the shorts attack.
There is another point of view, that some got sucked into the US listing (pride) by desperate hungry deal making scam artists on Wallstreet that needed new deals to float. Then once the big boys got caught up cleaning up their 2008-09 mess they decided to kill the R/M back door as it was costing them money. Talking about ones like Goldmansucks.
yeah that could be tricky, a buy out. I can't remember which china stock I saw that play on, was it ABAT? is that why I thought it was gone? anyways the company claimed to be in a position of a buy-out, but when it all came down it turned out to be a ruse, they simply desisted themselves and all were screwed. said something about how the US exchange sucked, albeit never explained why they failed the buy-out, lol, save I believe it was just so they could liquidate their shares..
regardless it illustrated that in China, they could not give a poop about trading history and china would just let them screw over the US stock holders..
Of the main things that was important to note about that delisting was simply. Companies don't just up and list themselves inside the US markets to share profits but to acquire funds which they couldn't manage in china to begin with.
So, I spect, if ABAT was to continue they'd have to maintain a position in which a US lender or hedge fund would take interest and risk into.
So, more importantly in the long side of things, what's Abat been doing to attract lenders and hedge funds?
They have filled a few SEC fillings, settled the BS lawsuit and payed out about $250,000 to settle the suit, and are now saying they will update financials finally. There also has been a major stock holder that traveled to China and taped a video of the new plant opening and he has a web site up with DD tracking on it. I am on the fence right now, might risk day trading it some, but got out after holding for 4 years when it last popped over $1 (at a small profit as I averaged down) as I knew financials would take time....
It is a real company, but the SEC does not care. They only care about the Wallstreet crowd, and what they want, and current SEC reports. Some investors are holding even if the SEC shuts down trading as they expect a buy out or re-listing in China if the SEC turns out to be a pain.....
If I could trust the SEC to let it trade until the reports are all current I would buy here and now, but the SEC screwed me on 3 others already One was killed by GE, the other only after the SEC let Asher dump their shares for ages...first), so my appetite is reduced on these. I would love to see ABAT and CBAK and CSGH merge
yeah that's one hell of a messed up chart, I see stinkies all the time, even though people can't read em, I manage quite well, that are far more understandable than this thing..
Pretty sure I played this stock just before or after the spit went down, I was surprised to see it still trading last weekend whenever I accidently ran across the name.
What's the skinny here? they seem to have survived the massive short and usual eventual complete death all the other china plays I've seen perform.. why is it still alive or is it yet still simply a dead cat on last legs bouncing?
Thanks for the comments!!!
The only signal I see is the huge gap in sideways chart (long tails), buy at .20 to .25 if you can (MMs permitting?), if not buy at about .30 on the swan dives and flip at about .60 or .45, and flip as fast as you can LOL.
But you are right about the chart, it shows flipping and large volatility and some volume, and an attempt to turn back up long term.
Was trying to analyze your chart Sunday, and it's pretty dam messed up. could hardly find a buy signal. hardly find a recognizable pattern, the moving averages all suck, but within it there's two possibilities. A wedge is in there but tough to discover and tough to say it's got enough support to call it valid, but tips out soon for some positive support. today's candle is forming a morning star, it might be signaling that wedge support. maybe, and that's also if it closes with it. .. and the stronger signal, albeit nobody would be liking it currently is at .30..
going to have my eyes on it for a while to see what develops but, not likely willing to play unless that stronger signal at .30 proves. good luck.
My sharebuilder is saying the same thing. .73??
Not sure if that a sign of desperation, but CDEL blocked the as, with 137K shares...
And we just started to have a nice upward movement for the past 3 trading days.
$ABAT
I think my scot trader is busted, it is showing three trades for 1000 shares @0.73 and one for 0.7 just went thru...
Hmmm
$ABAT
Definitely looking forward to hearing some renewed talk about the upcoming financials. :)
The $ABAT chart is still in an uptrend and the last dip filled the dip, higher low on the chart, so it may be time to test $1 again soon.
Hopefully non of that.
ABAT
Thanks for the ABAT DD news, looks like quiet the sell off here today. last minute tax loss selling or an MM raid or bad news coming?
China to extend green vehicle subsidies till 2020
http://english.cntv.cn/2014/12/30/VIDE1419929761889245.shtml
No you miss understand. I was a perma bull here since 2009, and have been a MOD here since then. I even have charts on ABAT on my board (link below) I just cashed out at over $1 (just being honest, no agenda here), this year when I was green, above water for the first time in 5 years on ABAT.
I am seriously thinking of reloading on any last minute tax loss or MM games in a late dip before year end here.
My only fear with ABAT is the SEC. I have three other china stocks like ABAT that are delisted now and no longer trade. One was screwed over by GE IMHO, and I thing GE had the SEC kill the stock. It was a $20 Nasdaq stock even better that ABAT when the shorts attacked all the China R/M stocks....
I think ABAT is real and a great company. But financial public firm politics between China and SEC backed US Banksters is not a friendly game. Note that one problem was the legal set up of R/M firms like ABAT that did IPOs via R/M, and yet Alibaba used the same variable entity structure the others like ABAT used, but the difference was that the big boys on wall street floated Alibaba as an IPO (and made huge profits off it), while ones like ABAT used a R/M back door and the big boys imho want to shut that door for China stocks as they did not get their cut of the pie, ransom..... Thus the reason for about 300 of them getting slammed in 2010 with massive short and post attacks and SEC investigations on a few that nailed them all with suspicion and selling.
Investors in ABAT need to buy with their eyes wide open, and understand that a buy out, move overseas to an overseas exchange is possible, or a take private deal if the SEC-Nasdaq do not play ball and act friendly.
I for one, would like to see a surprise merger of CBAK and CSGH and ABAT!!!! As CBAK is still Nasdaq listed But CBAK has not made a dime since 2008, while ABAT has made tons of money. CSGH supplies them both with raw electrode materials
"is not one for weak hands or nerves"
Then I ask again.....why are you still here? You clearly are in that category.
$ABAT thoughts of the day
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109250125
Comments?
Sorry to hear that bro. But I think ABAT will recover. And the shares that was dumped to lower the PPS will be bought fast again.
I will be here, patiently waiting for the 2015 audits.
$ABAT
$ABAT chart update. Could dip way lower before year end just on tax loss selling, but also should see a huge bounce after that back to near $1/share (Jan-March as oil bounces). This is a wide range up and down day trading stock with a long term rise underway and is not one for weak hands or nerves.
More charts and stock tips here
http://investorshub.advfn.com/Ecomikes-Favorite-stock-picks-and-Stock-DD-topics-26971/
Turned into a joke here down 4 grand on this. it is for sure obvious someone is selling this one very hard. was up on this at one point. no i am down and think this is a fake stock i fell for. i feel like a dummy. this is my last stock ever. if i do not break even or am up by end of jan i will sell and never buy into ANY stock held in a public market ever again. too many ups and downs. this is not how i want my life and my head to feel. the world has much more positive to add to my life than dealing with this type of BS.
ABAT, low volume with declining PPS.. Let see how far they wanna go..
I am thinking of buying any dip here before year end now.
Another one today bro, but was a big size @0.56, our old support @0.052 was not touched
GOOOOOO $ABAT
NEW YORK, NY AND BEIJING, CHINA, Dec 09, 2014 (Marketwired via COMTEX) -- Advanced Battery Technologies, Inc. (OTC PINK: ABAT), specializing in the design, manufacture and distribution of eco-friendly rechargeable batteries and related light electric vehicle products, today announced that the company has signed a strategic agreement with Chengdu Xundi Electric Vehicle Manufacturing Co., Ltd. (Chengdu Xundi).
Chengdu Xundi specializes in the development, production and sales of electric vehicles and electric vehicle parts in China. ABAT and Chengdu Xundi signed a strategic agreement to jointly develop a fast charging battery, which enables a one-time charge to supply a driving range above 400 kilometers (equivalent to 248.5 miles) for electric cars. The three-year agreement signed on December 5, 2014, strategically positions ABAT to develop and supply the fast charging batteries to Chengdu Xundi. Chengdu Xundi will use ABAT's batteries and leverage its advanced vehicle technology to produce electric vehicles to meet the new energy automotive sector standards.
Mr. Huang, General Manager of Chengdu Xundi Electric Vehicle Manufacturing, commented, "We are very pleased with the strategic relationship with ABAT. Our company chose to partner with ABAT because ABAT is an innovative leader in the battery industry. ABAT's fast charging battery offers outstanding safety, superior performance, strong reliability and long driving range for electrical cars. We plan to manufacture 10,000 electric cars in 2015 and all these vehicles will use ABAT's batteries
I saw a nasty MM game on $MVTG like that ABAT move just now, a 7 cent drop from .35 to .28 by passing bids to steal an all or none sell they were hiding for 35,000 shares. MMs have no morals!!!! They shorted a rally from .28 to .35 then grabbed the AON order to pocket .07/share. Highway robbery of retail, should be illegal,
I am surpized someone sold way below the bid @0.47.. Is it just to mess up with chart,eh
$ABAT
Yep, that news came after the heavy accumulation here. Now ABAT with it is huge new manufacturing facility, that was opened, I think 2 years ago. It can accommodate the demand of the chines government for the high energy density E-bus battery.
Buy and hold, for $ABAT
The recennt news on $ABAT high energy density E-bus battery approvals in China was great news!!!
Followers
|
65
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
2254
|
Created
|
04/04/05
|
Type
|
Free
|
Moderators |
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
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |