China BAK Battery, Inc. (CBAK)

[Ecomike]

They have spent a huge massive ton of cash on R&D the last 5 years and expensed it all, while they lost an equivalent amount of investor equity (if they had put a value on the research they would have been closer to break even at times), and they have been moving from a non profitable high volume Li-ion battery to a newer higher margin battery for high power, vehicle applications. They have also written off inventory many times in recent years and taken huge write down hits on that. But in the process they have lost 90% of investors equity. If there is about to be a huge order news on vehicle battery deals that they were in field trials on the last 1-2 years, this rally out of no where could be a sign such news is coming.