The problem is perception. If people have the belief it is a scam then it does not matter if it is or is not, no one will buy, everyone will short, until the stock is worth nothing and is forced to the grays. It's like CSGH. ABAT mentioned a deal with them and now they are at 22 cents. No one has ever accused China Sun of anything, but just being in the same sentence with ABAT has drove them to a five year low.
I hope you are right for the sake of your fellow longs. But it is not the same as what happened to you before.
Now everyone knows that China is a potential bomb in investments waiting to go off. The shorts know this and know how to manipulate sentiment to reduce the buyihng pressure.
ABAT is at fault--no one else--for this crash. No audited financials yet. A CEO who is brain dead when it comes to public communications. Not even a threat of being delisted would make him move faster.
I just do not buy it that ABAT is just "misunderstood" or a "victim of shorts".
Now--I think you can make some coin by gambling down here. It is big time oversold. But only for a trade, IMO.
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