Hi altaga ... There was a lot of 30's buying last week on the momentum of the ABAT SEC filing. I added at $.39 per share. The deadline for Plaintiff call on settlement or trial is this Friday. The PACER update at the close of trading last Friday should support 40's this week. The PACER update next week regarding the December 1st deadline activity is a bigger factor. Since August 2012 this case appeared to be near resolution. May 2013 passed, then June 2013. It became increasingly evident to the judge that she would need to set deadlines to conclude this case. The most important of which being December 1st 2013. Trading volume should be moderate to light this Thanksgiving week. PACER should update December 6th or 7th. Two things to watch: the Plaintiff decision on settlement or trial AND the wording of the judge regarding the decision. December 1st is a big date for ABAT and LONG shareholders.
=The PACER update at the close of trading last Friday should support 40's this week
Why? Why do you think known news will move the stock price? How many times in the past two years have you said known news would make for a sustainable gain and it has yet to happen.
twisty, it isn't going to trial and it isn't settling on Friday. It is many, many months away from a Final Order IF it happens. Every day you say it will be over Friday and every day I call you out on it. Got your speech ready yet to tell all the people you conned?
=The PACER update next week regarding the December 1st deadline activity is a bigger factor.
Why is known news a big factor? Are you really this delusional? They will eventually file the formal settlement. They will send opt-out notices. They will deal for months with objections, etc. This is all known news and you keep claiming it will all be done with Friday and this known news will somehow cause it to rise to over a buck.
=Since August 2012 this case appeared to be near resolution.
No it hasn't. YOU are the conman saying it was almost over for the last 15 months. I told you it would take at least a year. Guess what, it will still take at least 6 to 9 months IF the judge allows this farce to go forward.
=Two things to watch: the Plaintiff decision on settlement or trial AND the wording of the judge regarding the decision
twisty, where have you been? There is no decision to be revealed on Friday. They are settling. What is your game in trying to claim now there is a decision to make? You don't start a trial on a day's notice. The decision is made.
=December 1st is a big date for ABAT and LONG shareholders.
Explain WHY! You're a conman, twisty. December 1st means nothing. Nothing is being settled December 1st. Every day I am calling you out on this and on December 2nd you can explain to those you conned why this is not over yet.
Why do you keep spreading this false rumor when you have seen the many steps that must occur before a Final Order? You also spread false rumors about the outstanding short interest. The next report will be out Tuesday the 26th. Let's hear your prediction of what the outstanding short interest will be. Fair enough? You claim it is over 10M shares yet you have refused to provide your supporting documentation. That is blatant manipulation to spread such a false rumor while claiming you have sources indicating this. let's see your sources.
Anybody who talks about the settlement being imminent before they even mail opt-out notices is a proven liar and conman. Directly from court docs:
"an order: (i) granting Preliminary Approval of the Proposed Settlement (the “Settlement”); (ii) provisionally certifying a Settlement Class; (iii) approving the form and method for giving notice as provided in the Stipulation of Settlement (the “Stipulation”); (iv) certifying Lead Plaintiff as Class Representative and Lead Counsel as Class Counsel; and (v) setting a date for a Settlement Hearing and deadlines for the mailing of the Notice, the filing of Settlement Class Member objections, the filing of opt-out notices, and the filing of Lead Counsel’s application for reimbursement of attorneys’ expenses."
Can you really not see all the hurdles ahead when reading this? Sending out notices, dealing with Class Member objections, filing of opt-out notices, preliminary approval, fairness hearing etc. There are many, many months to go before there will be a Final Order on the docket. To say an end to court proceedings is "imminent" is a lie and you know it.
it just amazes me what all the delusional pumpers hope to gain by continuing to state things that anybody with a lick of common sense can prove to be false.
So let's hear your prediction for outstanding short interest in the next report released the 26th. Go on the record.