China TMK Battery Systems Inc. (DFEL)

[iindelco]

Without getting non public information via insiders or actually traveling to China to do some due diligence I don't know what to think about DFEL other than what I've posted in the past. First off I had indicated that it would be a big red flag for me if the US educated CFO resigned. As I posted before he has and kept it kind of hidden. BTW US public companies are supposed to file with the SEC when corporate officers change.

http://www.sunshineoilsands.com/about-us/management/jin-jimmy-hu.html

Then we have the last filing with the SEC which we already talked about. Just a disaster.

http://www.secinfo.com/d12TC3.n21ed.htm

So again, based on what little info. we can garner from the internet I'd say DFEL is trading way down here for a reason. But then we have someone buying huge blocks at 3 cents and now a bid that moved up a penny. Why? Short covering of some sort? Just noise? I mean for long term holders it means nothing as there is little difference between 3 and 4 cents. But for someone playing the noise with small change it could be fruitful. And the last run when we went up into the 35+ cent range could have been a blast for those fortunate to get shares in the single digit range.

But all in all I still have to be rational and wonder why this asset isn't trading at zero based on the two data point posted. Ahh the Chinese!

Good luck to you in your decisions. I hope you do well but I can't supply any more than what I have. There used to be a guy on the Yahoo board that was far far more knowledgeable than I on the company but he hasn't posted in some time. So we have little without connections or traveling to take a look.