Is Advanced Battery Technologies Living on a Prayer?

• Report this Comment On July 08, 2011, at 3:30 PM, azumpire wrote:

  Actually, and Technically ABAT is a brilliant buy down at these levels. Being able to pick up shares for under $1.00 will be an easy double before the year is over. Not too many big board stocks come along that allow you to net 100% in less than 6 months. ABAT will allow this, just based on a technical standpoint in my opinion, which is why I comfortably added 50,000 shares of this stock to my portfolio for under $1.00

• Report this Comment On July 08, 2011, at 4:46 PM, j1d2j3 wrote:

  this guy apparently is a primarily a short seller, check his previous negative articles

• Report this Comment On July 08, 2011, at 7:58 PM, shukae wrote:

  You wrote:

  "I have to wonder why a company trading below its cash value would choose to initiate a stock buyback of only $10 million, when a significantly larger amount of cash supposedly exists in the coffers."

  The reason is very simple, before you buy at $ 20 million, you must buy at $ 10 million, a company, that executes repurchase of shares, must adhere to very stiff rules, they can't buy any amount, at any time. In addition, if they want to buy maximum amount of shares, they have to do it slowly and carefully. Such a process may take a long time, even more than a year. Furthermore , they can decide on additional amount, at any moment.

• Report this Comment On July 08, 2011, at 9:36 PM, calm2stormy wrote:

  10 million seems like a high percentage with 76 million shares out. Comparatively aapl has 900 million shares out.

  China can also tell their workers they work for 2 cents an hour

• Report this Comment On July 09, 2011, at 2:52 AM, RealDutch wrote:

  The main reason why they are "only" buying back $10M worth of stock is simple. They are investing $83M in the third production base.

  Proof here

  http://www.globenewswire.com/newsroom/news.html?d=220476

  Foto's of the development of the third production base here

  http://www.zqpt.com/en/News/ShowInfo.aspx?ID=27

  Anything else the author would like to know?

  Didn't fink so.

  Do engage brain before writing an article that is of no use to anyone but the criminal short sellers.

• Report this Comment On July 09, 2011, at 1:14 PM, RealDutch wrote:

  Nothing yet. Perhaps Sean went fishing with his granddad today.

• Report this Comment On July 10, 2011, at 1:35 AM, Rdavis2013 wrote:

  This author is a real fool. I mean it in a bad way!! Just going by what have been said, and not during your own homework is truly foolish. Why would anyone write about something that someone else said, it doesn't make good sense...

• Report this Comment On July 10, 2011, at 1:37 AM, Rdavis2013 wrote:

  Do your homework!!

• Report this Comment On July 11, 2011, at 9:21 AM, summertimeVA wrote:

  HAHAHA azumpire you must be very rich to buy more shares at such a "good" price, lets hope for you that the market rises, I am down 77% and counting but I must say that the author does raise some good points, in the comments section I dont see anything less that bad mouthing, bickering and trying to get others to buy.....

  Chinese companies ahhhhhhhhhhhhh BYD rings a bell, what else.....if you dont have any idea about China, double accounting, fixed schemes in the third world then let sleeping dogs lie

• Report this Comment On July 11, 2011, at 10:02 AM, AndrewJ34 wrote:

  Wow, look at all of that evidence pointing to ABAT's legtimacy.

  Poster 'RealDutch' provides a link to a company article ("Source: Advanced Battery Technologies, Inc.") which clearly states the CEO visits the new site daily ("Chairman of the Board and CEO, Mr. Fu Zhiguo, conducts daily on-site inspections"), and another link with photos of the new site - but the caption that accompanies the photos states nothing about a production facility or factory AND no photo of the CEO in any of the pictures.

  That seems very odd. The entire point of this new ABAT purchase was to produce $150 Million worth of product in a factory; yet, no factory mention in the caption?

  And with the CEO being at the new site every day, surely he would proudly take advantage of some photo ops in front of his newest, largest achievement; yet, he is not in any of the pictures.

  And of course, the majority of investment money has 'spoken', with the stock price trading around $1 per share.

  Ultimately, the decision to invest money in ABAT depends on whether or not you believe what this Chinese company is telling you.

  And how honest and trustworthy do you feel the Chinese government and its people are? It's not like they would purposely manipulate and/or hide facts, would they?

  Commenter 'Calm2Stormy' apparently feels he/she 'knows' how the Chinese government works, providing the comment, "China can also tell their workers they work for 2 cents an hour" ... so if that's the case, China can tell their company executives to state whatever financial data sounds good despite it being truthful or not ... or does 'Calm2Stormy' also believe China 'draws the line' at some point? (which of course would be contradictory)

  If CEO's of corporations in the 'free world' (USA) have been known to manipulate their financials, why would China be any different? And how much more different could it be in a communist country like China? Is China a reputable, respectful country, allowing 'free speech' to be freely distributed, not only amongst their own people, but out to other countries of the world as well?

  Is China happy with their financial status in the world, or are they looking to dominate the world financially, taking money from people of other countries both honestly and deceptively?

  And once any deception is discovered, what recourse would a non-Chinese person have to recover losses/damages, let alone a Chinese person?

  Just presenting some COMMON SENSE thinking, for you to do with as you wish.

• Report this Comment On July 11, 2011, at 12:15 PM, RealDutch wrote:

  Andrew wants to see the CEO in the pictures of the new production facility. Would that be just the CEO or the whole management team???

  And you know what Einstein said about "common sense".

  I quote

  "Common sense is the collection of prejudices acquired by age eighteen."

  It couldn't be more appropriate here.

• Report this Comment On July 12, 2011, at 3:54 PM, commonplus wrote:

  I do have to agree that all investors should be alerted with Chinese stocks. I recently lose a lot of my money in investing into Chinese stocks. However, I do believe that ABAT is a potential profitable penny stock.

• Report this Comment On July 14, 2011, at 1:31 AM, patrick51210 wrote:

  Has anyone heard about the class action lawsuit against ABAT?

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