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China BAK Battery, Inc. (CBAK) Message Board

  • yogalad_returned yogalad_returned Aug 14, 2013 8:06 PM Flag

    They can't even get a 10-Q out in time

    The NT 10-Q states NO in response to -

    'Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?'

    I guess another quarter of humongous losses. Remind me again why the stock tripled from 70c to 2.10?

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    • Et voila! We got the 10-Q today and as expected this ship is still going down. Book value has crashed from $72M to $16M in just the last NINE MONTHS. Obviously by next quarter their liabilities will exceed assets and they'll have a negative value.

      On a per share basis they lost $4.61 over the last nine months and $0.81 this quarter.

      Looks like they could stay in business for most of the year though.

2.60+0.02(+0.79%)Aug 23 3:57 PMEDT