InvestorsHub Logo
Followers 743
Posts 61848
Boards Moderated 10
Alias Born 10/05/2009

Re: PaigeCoverdale post# 944

Thursday, 11/03/2011 4:19:59 PM

Thursday, November 03, 2011 4:19:59 PM

Post# of 2254
Hmm? Which post should I believe? I think I will follow my own advise, but thanks, since I am up 200% today on my last pick!

ABAT is a buy here!

PaigeCoverdale Member Profile PaigeCoverdale

Share
Wednesday, March 30, 2011 1:39:08 PM
Re: To Ecomike post# 343
From PaigeCoverdale Post # of 943
This is the first time seeking alpha has done me a favor. I just bought a bunch. The only thing I do not like about this stock is their printing shares to finance the two new acquisitions they intend, this kept the stock in the $3.50 range, when it really should be higher. Now, they have about $227 million in assets and a market cap of $150 million. This stock is worth $3.25 on book value alone, and when they purchase the two acquisitions and get them up and running, who knows?

What is so funny about the hit piece, is it makes a big deal about them selling bikes and scooters, like it's a secret and they were saying they were selling cars. I have been following this stock for over two years and they have always proudly stated that they are in bikes and scooters, but are looking to expand into larger vehicles and this is part of their acquisition strategy.

He tries to paint ABAT as a chinese reverse merger over the counter stock. It's headquarters are in New York and it is on the NASDAQ. Has the person that wrote this article been shorting the stock for a while and now getting margin calls? Are they worried they are about to lose their a** after seeing the earnings report?



PaigeCoverdale Member Profile PaigeCoverdale

Post 11/3/2011: Ok, that still leaves them with $40 million, why borrow $6 million and pay interest when you have $40. They wouldn't be liquid with $34 million? If there books were legit the stock would have a P/E of less than 2 and have a 10% short interest.

And just because APRW stock jumped one day on news it wasn't a total transparent fraud, lets see what it does tomorrow and if it ever gets back on the NASDAQ. The NASDAQ at least is kicking these scams off their legitimate exchange and banishing them to the pinkies, hopefully never to be heard from again like CNOA and JADA trading at 2¢ a share.



PaigeCoverdale Member Profile PaigeCoverdale

Share
Wednesday, March 30, 2011 10:26:59 PM
Re: CaptainCanada post# 366
Post # of 944
ABAT IS NOT A SCAM, STAY THE COURSE.
It was my understanding and I am no inside expert, but they sold almost all of their batteries to Wuxi Angel and when Wuxi was having problems paying, they simply bought Wuxi, because they believed it the product and their batteries. Many thought this a huge mistake, because I believe they felt, what does a batterie producer actually know about selling the products that their batteries go it. I think this risky purchase was the beginning of the short selling.

Only one problem, ABAT made it work and started raking in money and this alone would have squeezed shorts out, but ABAT wanted to also expand into the large battery electric car market and started printing stock to raise money for this very thing. They have raised about 100 million and I believe about 80 million is ear marked for two acquisitions for factories for this very purpose.

The short sellers keep waiting for ABAT to fail or do something stupid and it has not really happened, so now I believe this hit piece, timed very suspiciously to help shorts cover a developing short squeeze. Those at Seeking Alpha should be liable for slander. They have done this exact same thing to a number of chinese companies. Just google "seeking alpha hit piece" and you can take your pick as to who they are bashing today. They recently did a bash piece on yongye (YONG), Yongye responded and now some at Motley Fool ask, "Is this the perfect stock?"

http://finance.yahoo.com/news/Yongye-International-Responds-prnews-2944223270.html?x=0&.v=1

http://www.fool.com/investing/international/2011/03/29/is-yongye-international-the-perfect-stock.aspx



PaigeCoverdale Member Profile PaigeCoverdale

Share
Wednesday, March 30, 2011 3:02:18 PM
Re: richinmintues-com post# 349
Post # of 944
I have been following this stock for too long and have done too much research on it to not know this guy is doing a convoluted hit piece with a few charts to confuse the issue and help him out of his short squeeze. Let him rant. Earnings drive stock prices, bottom line, not hit pieces. For its size, ABAT is making more money than almost every other lithium battery stock out there. In my opinion, it is the best lithium battery electric bike / car / vehicle stock to invest in.

The Street.com and Ford Equity Research rate ABAT STOCK at a BUY RATING, even Research Team (a coalition of five independent research groups) rate it at a HOLD. I find it hard to believe, no, impossible to believe that this obscure short seller has access to any information that they have not formally examined.


Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.