Makes one wonder why they made the payment in stock, when they paid in stock instead of cash, with so much cash on hand, and no debt. I read last week that was one of the early fraud warning signs on a stock I nearly invested in recently, JGBO, a pharmaceutical China stock, that had great financials to (but it was paying off debt with stock, when it was reporting that it was flush with cash), but trading was halted by NASDAQ on that one 1-2 weeks ago, and now everyone there is saying the fraud warnings were there 1-2 years ago......
ABAT was actually attacked twice now by shorts and short articles, but I bought the $2 lows anyway, as the short attack articles were wrong, and lied in a number of statements. That has not, however helped the stock price (YET). DEER is one that has sued the shorts, and recovered some, but not all!!!!
The trick is going to be to find the real non-fraud companies in the sector, with good management. But I have narrowed my China stock search to alt-energy and battery tech. I am looking for low downside risk, beat up stocks, with great up side potential over 1-3 years.
I did catch something about "consulting", so now I know what to look for, thanks.
My biggest fear, is sudden, unexpected trade halts like NASDAQ pulled with CBEH and JGBO recently, and we have no idea if or when those stocks will trade again. Maybe a good thing this one is not NASDAQ listed!
Do they have plant expansion plans that they need the cash for? I do recall their saying they were planning to start actually making li-ion batteries next, that would take a cash hoard to expand into or to buy a cheap competitor? If the consultants sold their shares during the low volume, that would explain part of the low prices too.
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