Advanced Battery Technologies Inc. (fka ABAT)

[Ecomike]

I am still in for the long haul, as I have said all along. There were multiple law suit filings by law firms (ambulance chasers) with no clients, right after the first wave of articles came out a year ago posting baseless claims of fraud against ABAT and dozens of other China operations based/US stock held companies, like ABAT. Non of the law suits can go anywhere with out old time shareholders footing the bill and agreeing to become the ambulance chaser law firms client. And even if one of them does, there is doubt that those lawsuits can ever win or if they won ever seize assets not in the USA, so it is a bit like an ankle bitter, all noise and no bite IMHO. I am under the impression ABAT has already or is planning to counter sue the short article liars that caused the sell off to begin with. Several others have counter sued the same authors already.

ABAT just recently proved the new plant is real, and is now in production with a huge open house that was well covered in the news, so the next 10-Q is likely to detail record increases in revenue, and profits with that plant in operation now.