Advanced Battery Technologies Inc. (fka ABAT)

[PaigeCoverdale]

The company is not a total scam, they have a very profitable scooter business.

The scam part is that the way they are evasive about showing NASDAQ their books (the 100 million raised by printing stock) this is a way to cause uncertainty among investors and ultimately from the NASDAQ which he knew would delist them.

Then, by allowing the stock to open on the grays was genius. It allows millions of shares to be sold by panicking investors. Fu minions can gobble them up for pennies on the dollar and put Fu in a perfect position as the leader of a majority of the shares. The buy out then easily gets the go ahead and he pockets $100 million, but he is not going to pay more than a buck a share, because he knows how to play the game.

I do think he will continue to accumulate until it hits about 75 cents. Then I am sure we will hear more timely "bad" news of some sort so he can get the rest he needs for the coup.