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matt24d

06/28/11 6:38 PM

#512 RE: Ecomike #511

well like I said good luck but I cant see one good thing here. I mean if business was going as well as it looked like then I dont think there would be so many issues with the filings. I also dont think you would have directors jumping ship. It takes this company for ever to get things cleared up for investors. IMO the bottom line is if there was no truth to the company troubles the company should be coming out and defending their selves with the quickness. Also they would of got their full year 2010 earnings done with the quickness as well. If I am a CEO of a company and things look this bad you can bet I am going to speaking out to the investment community and the shareholders saying "NO" we dont have problems all is well. All the executive team says in this

"Mr. Jinxiang Lu, A-Power's Chairman and Chief Executive Officer, said, "Regretfully, we have accepted the resignations of Mr. Richli and Mr. Limaye and understand their concerns and reservations"


This is pretty much the same response you get after each and every PR of bad news. I hope you make a bundle here but the bottom line is the execs need to be addressing issues and so far they have not. You might of called a big sell off in the stock but I can bet you were not expecting to get a sell off due to auditors walking out, directors walking out, and a major lack of earnings filings. This is a big difference then just a pull back due to lack of demand or a market sell off.