No you miss understand. I was a perma bull here since 2009, and have been a MOD here since then. I even have charts on ABAT on my board (link below) I just cashed out at over $1 (just being honest, no agenda here), this year when I was green, above water for the first time in 5 years on ABAT.
I am seriously thinking of reloading on any last minute tax loss or MM games in a late dip before year end here.
My only fear with ABAT is the SEC. I have three other china stocks like ABAT that are delisted now and no longer trade. One was screwed over by GE IMHO, and I thing GE had the SEC kill the stock. It was a $20 Nasdaq stock even better that ABAT when the shorts attacked all the China R/M stocks....
I think ABAT is real and a great company. But financial public firm politics between China and SEC backed US Banksters is not a friendly game. Note that one problem was the legal set up of R/M firms like ABAT that did IPOs via R/M, and yet Alibaba used the same variable entity structure the others like ABAT used, but the difference was that the big boys on wall street floated Alibaba as an IPO (and made huge profits off it), while ones like ABAT used a R/M back door and the big boys imho want to shut that door for China stocks as they did not get their cut of the pie, ransom..... Thus the reason for about 300 of them getting slammed in 2010 with massive short and post attacks and SEC investigations on a few that nailed them all with suspicion and selling.
Investors in ABAT need to buy with their eyes wide open, and understand that a buy out, move overseas to an overseas exchange is possible, or a take private deal if the SEC-Nasdaq do not play ball and act friendly.
I for one, would like to see a surprise merger of CBAK and CSGH and ABAT!!!! As CBAK is still Nasdaq listed :-) But CBAK has not made a dime since 2008, while ABAT has made tons of money. CSGH supplies them both with raw electrode materials :-)
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