He let it go to the greys so he and his other cronies could slowly buy it back for pennies on the dollar, go private and keep the loot from their massive stock printings. Stick a fork in ABAT, cuz she's done and look for it to go private when all the duped sell back their $4 shares for less than a buck and all that's left is the die hards who will be forced to sell back at a buck a share cuz that will be the final offer and "the shareholder" will agree because Fu will be the only one. And he will painful talk how he regrets the US losses because of evil short sellers, but taking the company private was the only thing he could do. It's the Harbin scam all over again.
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