Advanced Battery Technologies Inc. (fka ABAT)

[extinctionpop]

Advanced Battery Technologies (Nasdaq: ABAT )

Found this ...http://community.nasdaq.com/News/2011-07/3-small-cap-stocks-with-big-buyback-plans.aspx?storyid=85757

At first glance, you have to wonder why a company worth less than $80 million would have the audacity to spend vital cash on a buyback. But with $87 million in cash on the balance sheet -- worth more than the company's entire value, management had to do SOMETHING.

Despite its sexy name, this company is actually a vehicle manufacturer, focusing on electric scooters. Sales have grown very quickly lasting the past few years (hitting $97 million in 2010), and 40% net profit margins are nothing short of stunning -- if the company is to be believed. Trouble is, the company's Chinese-born management team seems to lack credibility, perhaps explaining why the stock has lost nearly 75% of its value since late March. Financial statements of all companies associated with China have come under extreme scrutiny in recent months, and more than a few have simply proven to be a house of cards.

I am not in a position to formally endorse such a potentially dubiousbusiness model . But this is a stock that bears close watching. If this turns out to be a legitimate company with trustworthy financial statements, then it's the steal of the decade. Keep an eye on this one. Any moves to prove the veracity of this business model through the vetting of a legitimate "Big 4" auditor would quickly attract value investors to the stock.

BOTTOM LINE IS THIS STOCK IS GETTING A - LOT OF ATTENTION. thus more and more everyday.

steal of the decade. YES...!