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And it just keeps getting more and more interesting.
Gotta wonder where this thing ends up at. Hard to tell w/o a trip to China I'm afraid.
I agree...
Today is even more interesting....
Still watching. BTW, you'll note that the CFO I indicated needed to be watched moved on to a new position. I noticed he didn't update his US Linkedin profile but updated his Chinese Linkedin profile. Slippery IMO unless I missed something.
http://cn.linkedin.com/pub/jimmy-hu/a/4a5/754
Strange trading today. Someone buys 190k shares @ 10 cents and puts in a sell order for the same @ 15 cents. LOL
No thoughts, just reported the filings
I can only assume the company plan on filling with SEC if they just file to be reinstated.
Your thoughts
You'll have to wait for a Filing or other activities.
Company hasn't filed anything since Feb'12 with the SEC.
That is some good news. What do you think will happen in the short time?
Looks like our company is still in business!!! They attending the Hong Kong electronic fair October 13-16.
http://www.hktdc.com/fair/exdetail/hkelectronicsfairae-en/1X6E5A42/HKTDC-Hong-Kong-Electronics-Fair-Autumn-Edition/TMK-Power-Industries-Limited.htm
Anything on this stock?
That 200+k block of shares beig taken out at 30 cents sure put a damper on things. I'm not sure if something is going on or if it was just sector related. There was a bunch of activity going on in the small cap. battery sector when this took off. That's died way down.
Someone at bid an interested in 83K @ $0.32.
The accumulation is here for a reason
Anything new?!? I think the company found a buyer or ready to merge.... Just my opinion.
I don't know why someone will be accumulating gradually
It appears that there are 6 members on LinkedIn and I do like their job title. Also, they updated the account
I think there is something going on?? Do you see any updates on line? I am about to do some research and will update you.
I've seen no news. They were taking out asks early on and the mm were moving the bid up as the day progressed. At the end of the day the bid was moved up 1 cent higher than the last trade. With the poor liquidity this could get interesting. We shall see.
Energy storage stocks have been HOT. Even the poorly run dog CBAK has been on a tear. I little good news would sure be a nice change since we've been in the dark for so long.
BTW, It looks like they exhibited in Vegas this year.
http://ces14.mapyourshow.com/5_0/exhibitor_details.cfm?exhid=T0000592&CFID=14128857&CFTOKEN=56ca0dd1739aecbb-F29D4B81-5056-9253-3503E1FFBE39BC92
Nothing new. Yes, ABAT, CBAK and HPJ are moving well. Shame DFEL went dark. Now we have to wait for them to do a buyout of some sort or just steal the assets. Wish we knew what they are up to.
I thik this Linkedin page is somewhat new but not sure. Note the name has changed to TMK Power Industries Ltd. Also mentions lithium ion which is further confirmation that they did the acquisition of the company they were looking to acquire.
http://www.linkedin.com/company/tmk-power-industries-ltd-?trk=tabs_biz_home
Anything bro? CBAK is doing well
Oh yeah. Update news and volume will send it over $1 in no time
Interesting. It would be nicer with volume.
This company got their website running and seem to be doing business. I have called their office and someone pick up like a business... Too bad the girl didn't speak English. I hope they say something soon
Nothing directly related to DFEL. So we wait. Overall it was a negative when they didn't report their annual earnings. So we wait to see if they wish to remain a public company or if they are going to go underground and steal what assets there are.
Have a happy holiday.
Anything new ?
I think this company will come back to full reporting or be sold by end of the year. I called the company using voip (vox mobile) and they are alive just couldn't have a conversation due to language. Looking forward
I'm not sure that we can learn anything more short of the SEC doing some action or going to China to see the place first hand. Even if you went to China, without having a long term relationship with the company officials, I don't think you'd get the full story anyway. Well unless the place was shut down.
I suspect we're waiting for someone to try to buy the place at a reduced price. We have no idea what that might be because the stock is so illiquid.
Anything new buddy?
I strongly believe sooner than later, this company will be current and there will be a merger or buyout that will send the PPS over a dollar at the minimum. Some folks will wake up one day and be richer than the previous day. JMHO!!!
Nothing new I've seen but I've not searched much of late. The Chinese battery players have recovered well for some of the players. I suspect this would be true of DFEL if they are being above board and if their SEC filings were up to date. Look at HPJ and CBAK as examples. HPJ is very much sized like DFEL and in the same sectors. CBAK is from my perspective a mismanaged piece of garbage that has not shown promise in over 3 years.
DFEL needs to get up to speed on their filings or go private. We'll see.
Thank you. Anything new from dfel
No, I think China TMK is too small. Besides the rumor is that it's Samsung plus some level of increased supply from Panasonic.
I heard Tesla is in search of car battery maker. Is this company in it? I know they mentioned researching car battery in the past.
The risk is that the company decides to take the low road. In this case they will get a law suit and never be able to go public outside of China most probably.
The SEC is starting to clamp down on these Chinese companies that have failed to file their required reports to be listed as a US public company. Here's one of the more recent ones which is CRTP a small Chinese lead acid battery manufacturer listed in the US. The SEC sent them a letter looking for information and they failed to respond. So the SEC has halted trading. In the case of CRTP they went dark before DFEL and failed to to so with the proper documentation. That being said, I would expect the SEC to not allow DFEL to remain silent forever.
http://www.sec.gov/litigation/admin/2013/34-70610.pdf
For the records. I do appreciate your thorough research and findings. You are simply amazing with what you come up with. Thanks again
I like your style. I will seat on the fence line. How long more can they go without an update?
I am waiting and watching. The company is going to have to decide if they want to remain public to raise cash or make some offer for a buyout depending on what it's worth. If not they get a lawsuit and can never go public again. And we get zero.
Sorry but I share information but don't give advice on what others should do. Good luck with your decision.
I am not 100% sure. It does appear to look like a partnership and a sign the company is still alive. Debating if I should buy more.... How are you playing this?
Nope. All I can think of is the SEC has been delisting Chinese companies that have been delinquent in filing. The volume certainly is different.
Some of the other Chinese battery stocks have been heating up a little like CBAK and HPJ. HPJ is similar in annual sales to DFEL and also started a lithium ion division. They however are current in their reporting to the SEC.
I found this odd as well. Note the NiMH division at the end. It has the same address as China TMK battery on their old site. Is this the lithium ion division they bought?
MICA NEW POWER CO., LTD.
http://www.tmkpower.com/en/about.asp
Well if what was shared with me is factual then the stock price should be well north of where it's at. This however is old news and the economy/market in China are not as robust as they were a couple of years ago.
I think the last couple of days is more of the same. Someone giving up. After all we're only talking about 15k USD in trading. Can't read much into it.
Also, in the last few days, there has been some activity that are not norm compared to the last 12 months. Your thoughts?
If the Company announces to be current or a buy out what is your prediction on stock price? Considering 93 Mil in Revenue ( as of last update) and growing
Definitely watching.....
Yes. We wait for the company to figure out a way to get out of their mess or to take it to zero. Or if you need a tax write off you can fold. I'll choose to watch.
The current trading is like all the rest. Says nothing. Need for the company to say or do something. Maybe not until the Chinese government and SEC come to some form of agreement.
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