Thanks Ecomike, it's good to see you are playing the pattern that is developing with these Asian stocks. I really had no idea that SA or any other "sites" out there were pulling this kind of crap but the reality of this week's actions with ABAT really woke me up. I'm hearing more and more about short runs on other penny stocks where the lawyers immediately join into the fray, (is this the new naked short replacement and are the attorneys behind it?). There would be no way to prove it either way I guess.
Hope your right about ABAT coming back but regarding them ever filing a filing a law suit, (guilty or not) I wouldn't get my hopes up. I've owned ABAT a very long time and I know FU is not one to tell the public anything if he can get away with it. Today's press is a typical example of his style. Though most of us really wanted the company to, at minimum, address the allocations I fully expected what FU put out today. So future tense I expect the share price to drop more. Plus Come Monday morning after weekend of hack sites like Motley Fool and the others continuing to give their worthless advice, more lemmings will run away.
Even though I still feel very strongly towards this company, and am willing to continue holding my shares, the players who trade via public opinion are now pitching. And, obviously, there is no changing their minds. Even providing proof of being innocent of these lies wouldn’t be enough to sway these people. Although that proof already exists with the company filings. So until sentiment changes and people wise up…
Good luck!
