Advanced Battery Technologies Inc. (fka ABAT)

[Ecomike]

The original ABAT firm makes batteries. It bought a vehicle company, customer, that was in trouble and owed it money 2 years ago. They turned the vehicle company around and its sales have exploded. It no doubt needed additional cash to cover exploding receivables, sales, and ABAT is sinking cash into a near doubling of battery production capacity that goes on line by year end. Note they did not sell shares to raise the cash, the subsidiary firm borrowed against the land (secured debt, which ABAT had no doubt payed off 2 years ago in the buy out!!About 1/2 of ABAT cash is going into the battery plant expansion, doubling of size, so they need the rest to stay liquid.

If you want to see what is likely to happen here soon, look at APWR today on positive Nasdaq finding!!!! BOOM!!!!