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Advanced Battery Technologies, Inc. Message Board

  • abatgoprivate abatgoprivate Feb 3, 2014 3:00 PM Flag

    Reasons for Settlement-Diligent and Scrupulous

    Reasons for the Settlement

    "Each of the Individual Defendants and Nominal Defendant ABAT has denied, and continues to deny, all charges of wrongdoing or liability against them as related to the subject matters alleged in the Derivative Actions and believe they would have prevailed in moving to dismiss the Derivative Actions with prejudice and, in any event, would have prevailed on the merits. The Individual Defendants and Nominal Defendant ABAT expressly maintain that they diligently and scrupulously have complied with any and all fiduciary duties and other legal obligations. "

    ABAT will go private at above $2.00 and the liars, objectors and naysayers will be proven wrong.

    Watch and see!!!!

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