Recent

% | $
Quotes you view appear here for quick access.

Advanced Battery Technologies, Inc. Message Board

  • beingjoel beingjoel May 7, 2012 3:20 PM Flag

    Mr. Fu's Letter --Chinese

    The letter was written in Mr.Fu's mother tongue and he does not know English. This si the actual letter that he wrote. I apologize for misquoting it. I am in Harbin China and I should have checked the source before I put that in quotes.

    I would get somebody whose mother tongue is Chinese to interpret it. Regarding integrity, yes, I think he is past the "coming months" clause in my interpetation. However, the letter is still up on the Chinese side of the website and we are left to interpret the meaning of the Dongguan pictures on the English side which seems to be coming down.

    2011年11月22日
    纽约,2011年11月23日。先进电池董事局主席,傅治国今天发布至股民的一封信,内容如下:
    股民们:
    自2011年3月起,ABAT一直受到卖空者谋划一致的攻击。在完成对我们股票卖空淡仓的建立后,他们发布了一系列的文章,指控ABAT管理层捏造和歪曲信息。这导致了ABAT绝大部分股东遭受了严重的损失,也因此产生了针对我们,以这些捏造的指控为基础的集体诉讼。不幸的是,纳斯达克支持这一行为,并对我们开展以这些卖空者指控为基础的调查。当纳斯达克询问有关这些指控时,我们提供了完整,详细的反驳证据。因此,纳斯达克没有继续询问有关这些卖空者的指控。
    但是在今年夏末的时候,有些关于一小部分中国公司和他们的银行勾结的文章出现时,纳斯达克决定,而仅仅因为我们是中国公司,要求我们提交非常严格的银行征信函。尽管他们没有任何证据证明我们有造假行为,但是纳斯达克坚持让我们通知银行,告诉他们我们的美国监管机构不信任他们了,要求他们(银行)允许我们的审计师去“深入调查”他们是如何准备银行征信函的。开始的时候,纳斯达克坚持这一手续应该在银行的总行去完成。但是在各个银行书面拒绝以后,纳斯达克同意在这些银行的各个支行完成。
    不幸的是,在纳斯达克作出这一让步的同一天,我们的首席财务官,也是我们的公司自2002年成立以来的财务主管辞职了。这是卖空者,集体诉讼以及监管机构给她的压力导致的,使她决定应该把更多的时间花在家人身上。她的辞职立刻得到批准。因为这些攻击,影响了我的健康状况,我不得不去医院寻求医生的帮助。因此,我们无法完成纳斯达克的要求。
    自从2004年来美国上市,ABAT公司和我一直遵守美国的法律法规。我们以极大的热情努力工作,以回报股民对公司的支持和忠诚。但是今天,我对美国资本市场失去了信心,我也看到了一小部分人是如何抹黑我们的。
    但是我仍然向我们的股民承诺。我坚信他们对公司的忠诚应该得到回报。因此,我写下了这封信,向我们的股民承诺,在未来的几个月里我将采取我认为必要的措施以回报股民的忠诚。
    傅治国

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The CFO and the auditor were mob's moles; the books were sabotaged; Fu was framed up. Nothing uncommon.

      • 1 Reply to anatolegeiche44
      • But again, it must be considered, that all this mess (being the crux of the charges) had to be the crux of the MOB's legal pre-certification discovery.... AND HAD IT BEEN DONE AT ALL HERE?????? Had the class action been certified? If it had been -- WHEN? Typically the certification is preceded by an extensive legal discovery. When the discovery is completed, the plaintiffs files a motion to certify, and defendants file a motion to dismiss -- both being based on solid facts established in the discovery. And here? What was/is going on here?? The shorts' hitpiece was just a rubbish. They did not have any solid fact, and still do not have any it seems.

    • "On November 22, 2011 New York, on November 23, 2011. Advanced battery board of directors president, Fu Zhiguo issued today to an investor's letter, the content is as follows: Investors: From March, 2011, ABAT has received the oversell to plan the consistent attack. In completing sells short establishment of pale warehouse after our stock, they had issued a series of articles, accused the ABAT management to fabricate and twist the information. This caused the ABAT major part shareholder to suffer the serious loss, therefore produced has aimed at us, takes indictment that these fabricated as foundation class action litigation. Unfortunately, NASDAQ supports this behavior, and develops to take these oversell indictment to us as the investigation of foundation. When NASDAQ inquired when concerns these indictment, we have provided the complete, detailed rebutting evidence. Therefore, NASDAQ has not continued to inquire that concerns these oversells' indictment. But in this year Xia Mo when time, somewhat collude the article that appears about small part China Corporation and their banks, NASDAQ decided that because merely we are Chinese Corporation, requests us to submit very strict bank reference letter. Although they do not have any evidence to prove that we have the creating a false impression behavior, but NASDAQ insisted that lets us inform the bank, told them our American regulator not to trust them, how requested them (bank) to allow our auditors to go to “thorough investigation” they to prepare the bank reference letter. Starts, NASDAQ insisted that this procedure should complete in bank's general headquarters. But after each bank written rejection, NASDAQ agreed that completes in each sub-branches of these banks. Unfortunately, makes this concession in NASDAQ the same day, our CFOs, has been our companies was established the financial executive to resign since 2002. This is the oversell, class action litigation as well as regulator give her pressure to cause, causes her to decide should more time flowers on the family member. Her resignation is approved immediately. Because of these attacks, affected my state of health, I have to go to the hospital to seek the help of doctor. Therefore, we are unable to complete the request of NASDAQ. Since 2004 American going on the market, ABAT Corporation and I have complied with the laws and regulations in US. We work by the enormous warm endeavor, to repay investor support to company and loyal. But today, I lost the confidence to the American capital market, I also saw how a small part person discredits our. But I still to our investor commitments. I believe that their loyalty to company should obtain the repayment. Therefore, I have written this letter, pledged to our investors that over the next several months I will adopt me to think the essential measure to repay the loyalty of investor. Fu Zhiguo"

      nothing new here joel...

      just another lie that is way out of date....

      • 3 Replies to pipster1234
      • Same as before, "repay the loyalty" - NOT the shareholder.

        Sounds like typical pinksheet 'smoke and mirror' announcement.
        VERY carefully and intentionally worded statement, led to make people believe it could mean something else...and it worked with a lot of posters on this board, thinking Fu will be rewarding shareholders; but Fu didn't say that, he said he would be rewarding loyalty - whatever that means.

      • To be objective... I have to agree with Joel not to get hung up on the interpretation of a letter written in Chinese. Different translators give different nuances. What is relevant is a sufficient period of time has passed to hire a CFO, regain compliance and move forward in a manner showing a fiduciary responsibility to the shareholders.

 
ABAT
0.342-0.003(-0.84%)Apr 17 3:42 PMEDT