Sunday, May 31, 2015 4:28:59 PM
$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" />
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" />
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