China TMK Battery Systems Inc. (DFEL)

[iindelco]

The one difference I see here vs CBAK is that while both have shown that they are completely incompetent in running a business, this from what one can garner from their filings, I found no red flags that were near as obvious with CBAK as they were with DFEL that people were stealing assets. An example: A few years back DFEL claimed to have purchased a lithium ion battery business that was profitable from another company for millions of US dollars. Now in this filling there is no such asset shown AND they are asking for money to buy a lithium ion battery business as they are broke. How is this thing even still trading let alone being where it's valued at?

I have not reviewed the latest filing extensively because it looks like someone compiled it as a joke. Just brief scans make me want to faint. Sorry, just one opinion but it's all we have to go by unless a trip is taken.