The lawyers always swoop in regardless of facts. This was an email someone received and posted on the china growth stock board:
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Wednesday, March 30, 2011 11:03:27 AM
Re: RabidTiger post# 76922 Post # of 77001
ABAT - got this in my inbox just now
March 30, 2011
Action to take: Sell Advanced Battery Technologies Inc. (NasdaqCM:ABAT) at market.
Sell ABAT at Market Immediately
by Keith Fitz-Gerald
Email - 34
This morning, ABAT joined the list of Chinese small caps under attack from self-motivated short sellers out to enrich themselves while devastating other shareholders. I could go on about why this is simply wrong, why I've heard the tactic is under investigation by the SEC (because it's a pump and dump in reverse), or even why this is part of the game... but none of that matters.
The damage is done. And I don't want to risk further exposure or wait around to weather the storm while forensic accountants fight it out.
Action to take: Sell Advanced Battery Technologies Inc. (NasdaqCM:ABAT) at market immediately.
We'll have a replacement and further details in next week's update.
Best regards for great trading,
