Advanced Battery Technologies Inc. (fka ABAT)

[HIM]

John PetersenComments (8323)  in respond to a question about $ABAT:


The worst thing about hatchet-job blogs is that they scare away both investors and people like me who are reluctant to take a firm stand when the reliability of a company's SEC reports is called into question. Those kinds of allegations and accusations cut right to the heart of the reporting system and it would foolish for anybody to take a firm position based on anything other than first hand knowledge.

Until the hatchet articles started flying, ABAT was a favorite because its management seemed to have very tight cost control and an ability to put a product out the door at a good margin. At one point I remember observing that they were too cheap to be cool.

My sense is that the allegations of impropriety are a tempest in a teapot, but I can't say that I know they're a tempest in a teapot. If ABAT emerges from this mess with a clean slate, people will look at the current price as the deal of the decade. It just takes a lot of steel to make that leap of faith for $1 of downside and $5 to $10 of upside. 15 Jul, 09:44 AM0


Link:
http://seekingalpha.com/article/279577-the-lithium-ion-battery-glut-will-be-massive?source=kizur