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My compliments to the author, that was very well thought out, and lots of good detail, most of which I had guessed at (the parts that were never admitted to by the CEO) as I am in the waste environmental business myself (bio-chemical/Environmental engineer).
Taken from the last 10-Q (about a month old, and it was the only secured debt, of all the debt they had, and it was a loan from a shareholder, IIRC):
And what do you base all this conjecture on, a crystal ball, or insider information?
Why would he buy any shares if the company is not worth a lot more.
They just elected 10 directors, not one or two, but 10 directors on Nov 28th, stockholders meeting, according to the 8-K just filed.
Frankly I think he is more likely to do more vertical integration, and stay on pinks for now, than to rush to go private.
8-K filled, stockholders ratified the appointment of the new independent auditor firm Nov 28th.
Submission of Matters to a Vote of Security Holders
The Annual Meeting of the Shareholders of Advanced Battery Technologies, Inc. was held on November 28, 2011.
Ten members were elected to serve on the Board of Directors,
A resolution to ratify the appointment of EFP Rotenberg, LLP to serve as the Corporation’s independent registered public accountant for the year ended December 31, 2011 was approved. The vote on the resolution was 45,452,727 votes for, 2,889,752 votes against, and 438,556 votes abstained.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ADVANCED BATTERY TECHNOLOGIES, INC.
Dated: November 29, 2011
By:/s/ Zhiguo Fu
Zhiguo Fu, Chief Executive Officer
You forget the poison pill pay out of millions of dollars to Ed required to fire the him, SON!!!!!
Pharmaspehere has never ever sold anything, it is a worthless pipe dream, and Terrasphere has sold nothing since it was a acquired a year ago, also worthless.
LOL
There seems to be one other property still held that they did not mention,(there were 3, now 2, including BV), but I am not sure which one had the most value, the one they sold, or this one:
Mississippi: Ford's Creek Prospect - additional acreage
* 1,270 net leasehold acres in Western Mississippi
* same general geological region as the Buena Vista Project
* previous well from 1980's-- According to data received by the Company, there is a gas zone at approximately 15,000 feet that had good porosity and mud log shows.
* There are three to four different Tuscaloosa oil zones between 13,000 feet and 14,000 feet that had good mud log shows and porosity.
* All the zones calculate to be potentially productive.
* The 1270 net acres would support two gas wells at the depth of 15,000 feet.
* In the event the oil zones are productive, they could support as many as 15 to 16 locations on each of the four oil bearing zones.
Major news out today on LaFarge ( MVTG Pilot Plant partner)!!!!
http://www.durabilityanddesign.com/news/?fuseaction=view&id=6743&nl_versionid=1513
This could be very good news for MVTG longs, as it puts more pressure on Lafarge to go green!!!!! Hell they may even decide to fund the PP, after this EPA hosing, using an EPA enviro project out of the settlement? They will push hard to make EPA happy on all fronts!!!
I have asked Larry if he has any comments at this time.
here is the EPA settlement agreement:
http://www.epa.gov/compliance/resources/cases/civil/cwa/lafargenorthamerica.html
IIRC, the Pilot plant will be at Lafarge in Canada (not a US plant), the first one, so not sure this US EPA issue will have much effect, except to keep the pressure on Lafarge corporate to get the ERC pilot plant built ASAP!!
There will be great news flow over the next 3-6 months as the new battery plant is completed (any day now IIRC), and sales go up even higher due to the production expansion!!!
ROTFLMA!!!! Good one Dog!!!
To the others asking, we hit .32 today on a second, rapid sell off, when .40 failed to hold, and .32 is a fib number (may turn into the ultimate bottom being a fib number). Next round numbers for support, if it fails are .25 and .20, but there seems to be plenty of buying right now for .32 to possibly hold.
The close today and the first few minutes of trading tomorrow, will tell us if we have the bottom at .32 or not. If you want to buy, I would place bids now at .21 and .26, and see if you get lucky. This could run back .65/.70 today, but then back to .40, just depends on how many real sellers there are, and flipper/daytrader volume.
To the person that mentioned thhe rising MACD, I do not have a working chart source today, if you do, is it public, and did the MACD diverge when we dropped from .40 to .32????
I tripled my original ABAT holdings this morning. Looking to double my share count again if the price is right. For those that think this will die here, look at CRTP (they make lead acid batteries and UPS systems)), a similar China stock on grey heets, with NO MM's and NO news or 10-Q reports for 6 months now, that is still trading between .50 and .90/share since it told Nasdaq to K off and went to the grey sheets, with no quotes, and no MM's!!! People are still trading it and the shares I bought the day it started trading again are up 100%!!!
Near as I can tell, Nasdaq has not officially delisted ABAT (yet). And ABAT has said nothing about it yet either. So did the CEO decide to let this move to pink sheets so people could trade while they finish the 10-Q Nasdaq is waiting on? Stay tuned for answer!!!!
Last I heard this was still Nasdaq stock, why are you talking about Pinky's?
If you want to buy, expect an opening dip by MM's and shorts to try and steal shares in the first minute. I am going to place some bids tonight all the way from $1 to .10/share and hope I get lucky during the 60 second opening raid!!! The watch for shorts to cover like mad and run it to $1.50
LOL
16 cent MNLU bargains at AEXP right now!!! get em while you can!
You might want to try reading the intro page for ABAT on Ihub:
http://www.zqpt.com/en/Product/ProductList.aspx?type=Category&CategoryID=4
Found here:
http://investorshub.advfn.com/boards/board.aspx?board_id=3751
Before you panic next time.
Wow, that looked more like getting slapped with mud in the eye, than a wink, another million shares dumped when the asked got slapped. Ouch! Looked like it tripped another huge share sale dump. 3/4ths sell volume today.
Here comes the kamikazi nose dive of death crash. Now at .0009 pre R/S and falling.
Seems the COIND CEO (Ed) has perfected the method of burning through 20 million a year in cash, and now perfected the process of crashing the stock price by 99.9999%.
Just wondering why it got so quite here all of sudden, every one too busy jumping over board now? What happened to all those predictions of .20 /share rally?
A few more 25 to 50% off discount days as they dump shares and it will time for 1000:1 R/S. Buy now and avoid the crowds, LOL!
Wish I could sell tickets and popcorn to the side show still.
I thought the NY plant was finished and fully operational over 6 months ago. What is this you keep saying about finishing the plant? They PR'd full scale operation at least 6 months ago.
Absolutely!!!! I am still long here, and I have been oh so tempted to add here as well, but I want to have cash for any deep fire sales if Europe blows up some time soon.
So who the hell is TG Theraputics, and who is try to buy who here, and why?
Who is on first, LOL?
http://ir.manhattanpharma.com/secfiling.cfm?filingid=1144204-11-67200
I was looking at the TTEG chart again earlier. It looks like someone(s) dumped about 1 million shares into a rally a few months ago (1-2 months back?) it was a one day 1000% volume increase over the rest of the years daily average), and we have trended lower ever sense. It may be the price for those new shares dumped all at once on retail, as the volume has been very low ever sense, and the day traders that bought the rally and volume may still be unloading, or the last of the fidgety retailers are dumping now, along with year end tax selling.
I am still adding as and if it hits the lows, or new lows, and I am holding for the long term. Way to low to sell here, even if Europe and the Euro blow up. Funny but most of my penny stocks did better on Friday than today, while my bank stocks and blue chips did better today than Friday. So maybe we get some life here in a day or two if the market rally holds.
One thing I have learned is not to second guess my self to death. I have enough real stuff to worry about, like KIDS! LOL
I knew it would be a rough ride for a good year or so when I bought this knife.
I doubt the government will go that rout this time. 2008-09 partial take overs of AIG, GM and C, was a special bail out case of being too big to fail, BCONQ is not too big.
If this
Talk about being in the eye of the GHG storm today! Time for some one to grab those .034 shares, before I do!!!
Do you follow the Chinese company / US traded stocks, or is this your first venture into the sector? This one has done far better under short attacks, than all but 2-3 others that I know of, DEER and Harbin being the two others, and Harbin is going private at something like a 500% premium to the lows, and DEER has done quite well at fighting the shorts, including suing the shorts now!!!!
You sound way too emotional to be playing a stock like this one?
I was convinced this was a great long term buy three years ago, and waited for a sell off like we have seen, before I bought. I plan to hold this one for 3-5 years, and buy more if I get the chance at any lower prices, or sell what I have if it gets to $10/share sooner than my 3-5 year target. The only scam, is the Wall street shorts and their wolf packs IMHO.
If I could sell tickets to this discussion here today, I could probably make some money, LOL! I am working on a plan to sell COIND shares for re-use as fertilizer next season (and GO-GREEN, LOL) buy them up cheap once they go BK and the stock crashes to .0001 after the next R/S!!!
LOL, I disagree, I think this stock has great potential!!!!
.................for use as fertilizer real soon, after BK!
ABC did a special report on the ND jobs at the Bakken field last week, on the prime time news series they just started up.
Time for MNLU to break out and rally!!!
Very interesting news today on ABAT. A letter to ABAT shareholders from the CEO.
http://ih.advfn.com/p.php?pid=nmona&article=50205656&symbol=ABAT
Hard to find any upbeat news of any kind today (other than shopping riots, LOL), but here is one!!!!
http://news.ino.com/headlines/?newsid=6898297819790
Let's hope MNLU and AEXP are part of the good news soon!
It is huge compared to most public companies.
IIRC, Clemenson told me their auditor is scrambling to finish and file the quarterly report, because the CFO retired before the latest report got finished. My guess is they want to release that report (and Nasdaq is probably waiting on it as well), before the stock trades again. There really is no need for news while trading is halted. News costs money, why spend it if it can move the stock (which is halted). The quarterly is only about 4-5 weeks late.
ABAT should be close to turning on the lights on the brand new battery plant as well!!!!
CEO owns 8.85 million shares, about 10%. Net insider ownership is 11.7%
I can't help but wonder if ABAT (not Nasdaq) stopped trading from resuming themselves. Perhaps they want to PR some updates on the Nasdaq reversal, or get something updated to investors before they resume trading (so we can help squeeze the remaining shorts, LOL), or perhaps they need to arrange new MM's before trading resumed. I think it is very interesting that Nasdaq PR'd a trade resumption so quickly, and then nothing happened. I think they must have gotten the bank statement proof to have tried to resume trading so soon again.
That is very significant and bullish from the standpoint that the smart shorts that started the article writing attacks have covered their shorts and moved on, leaving either fewer shorts left to cover by them, or not so smart shorts getting in late (followers not leaders, not so smart money getting in too late). It means the smart money does not think it is going lower!!!
Tuesdays volume buying took that volume out in no time and MNLU closed higher than AEXP, and broke out and stayed above .20 Wednesday, so .05 on AEXP may get taken out fast if that buy is here again today.
China's defense ministry announced Thursday that the country's navy will conduct regular exercises in the Pacific Ocean in the coming days. The announcement came amidst prevailing tensions over maritime disputes between Beijing and several other nations in the region.
"China's People's Liberation Army navy will conduct exercises in the western Pacific ocean at the end of November. China's freedom of navigation and other legal rights should not be obstructed," the ministry said in a brief statement.
"This is a routine drill arranged under an annual plan, does not target any particular country or target, and complies with relevant international laws and international practice," the statement added.
Last week, US President Barrack Obama announced Washington's plans to deploy about 2,500 US Marines in northern Australia, saying: "I have directed my national security team to make our presence and missions in the Asia-Pacific a top priority."
Obama made the announcement during a visit to Australia as part of a week-long tour of the Asia Pacific region. The move is aimed at advancing diplomatic efforts for asserting the United States as a power in the region to balance China's rising influence. Beijing remains wary of the increasingly active role Washington is playing in Asia and the Asia-Pacific.
The developments come amidst tensions in the region over territorial disputes involving China and several other nations. China has been aggressive lately with claims of its rights over almost all of the South China Sea. As a result, it has ongoing problems with Japan, Philippines, Vietnam, Malaysia, Brunei and Taiwan, all putting up stiff resistance against Chinese claims.
Such claims by China have brought to focus the 1982 United Nations Convention on the Law of the Sea (UNCLOS), which China now seems to be rejecting. Although China claims its unquestionable sovereignty over the South China Seas, the other five nations bordering the South China Sea too have asserted their legal claims to its waters and several islands as per the UNCLOS.
http://news.ino.com/headlines/?newsid=112420110387
This might be interesting to ESPH shareholders since it is about the business ESPH has targeted, and it is free: