=In other words any home mortgage is a subsidy and any car bought on time is a subsidy.
Poor ditzy continues to show he can't grasp simple concepts. You need to QUALIFY for a mortgage or a car loan and you have collateral that backs the loan. The carriers that are attempting to hide the fact they are still giving subsidies will give ANYBODY the monthly payments which last the term of the contract and there is no collateral. The end result is a defacto subsidy. I told you that AAPL would need to reduce prices if people had to fork over the full price for their phones as there are many better-valued phones out there that would do everything the customer wanted for much less price.
They got around the anti-competitive subsidy even though the end result is still the same. Customer bills could be half the price of what they currently are if there were a choice to buy an adequate phone and not have to subsidize iphones for other people.
You still see one penny iphones from carriers, no money down "financing" gimmicks that are defacto subsidies and discounted iphones everywhere (including places like Groupon) and ditzy still thinks AAPL is competing on price. Even HE didn't buy his iphone outright even though he is a gazillionaire with 3 or 4 homes. LMAO! Have another drink, ditzy!
"I paid over $700 for my iPhone as did most folks I know. The only thing Verizon did for me was spread out the cost over two years."
LMFAO! And how long was the SUBSIDY? Two years. So tell us, ditzy... what changed? You can STILL get an iphone for a penny at Verizon when you sign up for a two-year plan. It is a subsidy no matter which "program" you use. You are so dense it is unbelievable.
=how can it?
Because of their product mix. It isn't that they are making higher margins on all their products... it is because a greater percentage of their revenue is coming from their highest gross margin product (iphones). That is how their gross margin will rise slightly. Another reason is how they are booking warranties. Their gross margin actually went down last quarter when taking into account warranty accruals, but they were able to show them higher with the number they presented overall.
I know what you are saying, pippy, but it is the reported gross margin that should be slightly higher due to "other factors" and it doesn't mean they are making more money on iphones. ditzy doesn't understand such things. He still doesn't get that the stock is actually lower than a few years ago when taking into account the share buybacks. Get him drunk and he will tell you all the money he made on Calls that literally didn't even exist. I still laugh about that one. His proven lies were (are) so numerous. It is pathetic how he keeps coming back here like a beaten stepchild begging for my approval.
=i doubt margins be up
Gross margins will probably inch up very slightly again. That is because AAPL is becoming a one-trick pony with most of their profits coming from iphones. Their other products are lower-margin so as a greater percentage of profits comes from iphones... the higher their gross margins go. They have been disappointing on ipad and computer sales for many quarters now.
ditzy still doesn't get that the only thing keeping them in there is the subsidies. I laughed when he said that even he had his phone subsidized. He doesn't call the "financing" a subsidy, but it is the same thing. He didn't have to fork over the full price which means it was subsidized and spread out over the term of his service contract. Anti-trust lawsuits were threatened so they started doing "finance" deals instead of calling them "subsidies". It amounts to the same thing.
So, ditzy, guess what percentage of revenue will be from iphones? Doesn't it scare you how dependent they are on them? As I have ALWAYS stated even though you continue to lie about it... AAPL is a good company with good products. They are gaming the system masterfully to get away with anti-competitive practices which harm the consumer. The stock is still over-valued. It is 10% from where it traded years ago and he thinks the stock has done well. I have doubled my money a few times while he made 10% and he gloats. Amazing.
Good luck to you, ditzy, on your paper trade. You were caught in so many lies about the number of shares and when you bought and sold that we know it is just paper-trading you do. I might even short them in the $120s if they pop. The institutions will begin unloading again on a pop and there should be another easy 5% to be made where you can place a substantial trade. Don't worry... I'll tell you in real time if the trade is there. Even though I can tell you in advance (again) it will be a very short-term trade, you will lie about it in the future and claim I am short months later.
=You say you are waiting for an opportunity to short this stock when it hits $1.00 and yet you do everything in your power to make sure it never gets to $1.00
No I'm not. I could have sent the SEC more documented proof of ABAT transgressions. They don't like it when dark companies con the public with "buyback" nonsense when it is illegal for them to do so. They would have loved the fact that ABAT plagiarized the PR of another company including stealing direct quotes and attributing them to Foo. If I wanted trading to end... there is a lot more I could do.
=Motives will cloud facts
Incredibly stupid. A fact is a fact regardless of the motives of who presented it. Another of the absolute fools who thinks... "I need to know if you are a long or a short before I will believe your documented facts".
If you truly believe that motives change facts then you need to turn your money over to a professional while you still have some left. You simply do not have what it takes to be an individual investor.
=a stock you hold no position in
Another reason why you are a failed investor:
You think you need to have a current position in order to follow a stock. Have you ever heard of doing DD before you buy a stock? I always laugh at the delusional here who are always defensive and attack those with no current position when they come here asking questions. I have made over $130K now in trading ABAT both long and short. I have identified trading opportunities and posted the trades practically in real-time. Be cause I monitor the situation closely, I am able to act and react immediately to take advantage of these trading opportunities instead of losing the opportunity by having to take the time to get up to speed.
It really is amazing you feel there is some sort of badge of honor because you have held this over 4 years while preaching the other mantra of the failed investor... "I'm down too far to sell". You are the only one with the right to post here because you have followed this down for over 4 years? Just amazing!
I may get another trading opportunity and I may not. It is an extremely poor trade now both long and short as they could be revoked at any moment. I would have still shorted them over a buck again, but Crescendo Communications looks like they sold their free shares and are gone. Once they got caught plagiarizing the PR of another company... they are lucky if they didn't get sued by ABAT.
Oh, that's right. Ballsy thinks that stealing an exact quote from an executive with another company is just a coincidence of general industry terms being used by both people. LMAO!
= I give every "lister" a chance to state why they are here on this board, before putting them on ignore
First tell me how "motives" change facts. You're as bad as ballsy with his hundreds of "why are you here" posts. So tell us... what difference does it make why someone is here? Either they can provide supporting documentation for what they say or they cannot.
So how is that ostrich method working for you? The reason you are a failed investor is you don't attempt to verify the contrarian viewpoint. You will only listen to people who "agree" with you.
=will be waiting at least three bucks to start cashing in half my shares.
Another confirmed lie:
"If you sell half of your position, you will feel more relaxed. I've done it last year."
You already sold half (or more) of your position. The long-time followers here know there is a small band of manipulators that have done many pump & dump campaigns based on lies and misrepresentations.
= If ABAT follows through everyone wins except the short sellers.
Oh yeah... the mantra to con the really stupid. Another question for you, twisty. How can the remaining outstanding short balance of 18,600 shares be squeezed? The shorting was mostly done over $4 and you think 18,600 shares can get squeezed at sub-buck prices. Wow. Anybody that still listens to you must really be clueless.
Psssst, twisty. How come ABAT doesn't release their SAIC and SAT filings if they really want to become transparent?
=The facility is shutting down equipment and installing manufacturing capability to produce advanced technology battery cells.
No they're not. They don't even have a plan yet of what they are going to do. They HOPE to have a plan in place the first half of the year that they will implement the second half of the year.
=What happens if ABAT completes the upgrade and their auditor Partiz & Company updates financials?
Not happening, but irrelevant. They will STILL be revoked by the SEC per SEC guidance.
=ABAT states financial updates are in process.
No they didn't. Show me. They used the Safe Harbor triggering word "expect" and never said they ARE working on anything or WILL make filings. Sheesh... how many times will you fall for those Safe Harbor triggering words? When a company wants to do something... they DO it. When they have no intention... they use words like intend, expect, believe etc.
So twisty... you still haven't answered it. If ABAT really wants to be transparent about financials, why don't they just release their SAIC and SAT reports?
=The facility has an aggregate floor space of 50,000 square meters
Big deal. It was paid for with $100M of stock offerings and they immediately were forced to take out debt on it as they self-disclosed as their cash ran out. Now it is closing down and they have no plan what to do with it in the future and you think all is well. Amazing.
=show proof the SEC gave notice ABAT would be deregistered
Ahhh... but that isn't what you asked for, ballsy. Here is your exact quote:
"I asked you to show me something from the SEC that would give anyone cause to believe ABAT was in danger of being deregistered"
I DID show you SOMETHING from the SEC website that would "give anyone cause to believe ABAT was in danger of being deregistered". Of course the proper term is "revoked" and not "deregistered". They were deregistered from the NASDAQ and they will be revoked from the SEC. I showed you that the official SEC position is that:
"It is necessary to deter Absolute and other issuers from disregarding their obligations to present accurate and timely information to the investing public until spurred by the institution of proceedings. Deterrence is meaningful only if a lengthy delinquency, in the absence of strongly compelling circumstances regarding the other Gateway factors, results in revocation."
That statement would make anybody think that ABAT is on track to be revoked. Of course, except for the truly delusional and those in denial. Now you are changing from your original statement to:
"show proof the SEC gave notice ABAT would be deregistered"
That is much different from "show me something from the SEC that would give anyone cause to believe ABAT was in danger of being deregistered".
=Lbcb says I never tell anyone to sell ABAT.
Show me where I have told somebody to sell. I give people information and it is up to them to determine if this meets their investing criteria. There are some gamblers here who know the facts and are choosing to make a speculative bet. I continue to wish them the best of luck. There are others who actually feel this is an investment-grade stock. They are mentally ill and in denial. They still have every right to do what they wish with their own money and I have every right to call them out on it.
Give it up, ballsy... you are a lying buffoon.
=When CBEH was deregistered by the SEC, Yahoo closed down the message board.
No they didn't. It has always been up. The delusional never quit posting there.
= trusting Fou and the SEC not to halt this.
The CBEH scenario had an interesting twist. Usually the SEC suspends a stock like this first. With CBEH the SEC did not suspend them. There was a statement that they believed it would take a second action to revoke them if they began with a suspension. Instead of two actions that would have ultimately delayed the revocation, the SEC went straight with the revocation action. CBEH shareholders got lucky and were allowed to sell out for a dime instead of having the stock halted. Will ABAT shareholders be as lucky and be allowed to sell for a dime before it goes poof?
CBEH is also different in that their CEO owns 49%+ of the stock and with the other BOD members controlled over 50%. Any shareholder votes are useless with that scenario.
The relevant statement from the whole CBEH process was this from the SEC:
"Even if China Integrated should get all of its delinquent filings submitted before this Court rules on summary disposition, the respondent's securities registration should still be revoked based on its violations of the Exchange Act. In Absolute Potential, Inc., the Commission revoked the registration of the delinquent issuer despite the fact that it became current during summary disposition briefing. It is necessary to deter Absolute and other issuers from disregarding their obligations to present accurate and timely information to the investing public until spurred by the institution of proceedings. Deterrence is meaningful only if a lengthy delinquency, in the absence of strongly compelling circumstances regarding the other Gateway factors, results in revocation."
ABAT has been delinquent longer than CBEH. According to SEC guidelines they WILL be revoked regardless if they ever file again or not. Just a matter of time.
=not concerned with the price drop but wont chase it up yet.
You claimed to be buying in the .70s. Then you supposedly bought hundreds of thousands of shares in the low .50s. If it was such a great buy at .53 then why can't you get fills when it is in the .30s?
You are full of it.
= I am cursed with knowing for a fact that their assets are real
Of course the assets are real. You just don't own them with shares in the abandoned US holding company. You don't even know if Foo controls the assets anymore. Sure looks like he lost Dongguan in a foreclosure action just like CBAK lost almost all their assets. Explain why a company announces they are shutting down their new factory for at least 6 months when they don't even have a plan in place what they are going to do with it.
=What do I have to loose at this point.
100% of the remaining balance. What a BUFFOON!
Show me any idiot that says, "I'm down too far to sell" and I will show you a failed investor. The only way to make money is to keep it where it has the best chance to appreciate at that moment in time. If you wouldn't buy ABAT today... you shouldn't own it today. If you were sitting in cash, would ABAT be the stock ypou would buy? Of course not. So why are you still holding it?
=I asked you to show me something from the SEC that would give anyone cause to believe ABAT was in danger of being deregistered
I did. I showed you the official position of the SEC that once a company has been dark for a period of time, they need to be revoked as a deterrent to others. ABAT has been dark longer than CBEH and that was the SEC position regarding them. You want me to post a letter specifically regarding ABAT when I showed you that SEC investigations are not public and you only hear about them after an official enforcement action has begun. I GUARANTEE you there is an active SEC investigation. Ask me how I know. FOIA is the answer.
=I have proven you have lost a huge amount of money on Chinese stocks
LMFAO! Oh really? Let's see that PROOF of yours. I have "bashed" more US stocks than Chinese so that blows your theory all to heck. I posted pretty much exclusively on the Beacon Power board for a long time when I first registered my Yahoo account. I exposed them and it was just a matter of time before their bankruptcy filing.
Come on, ballsy, lets see your PROOF I have lost money on Chinese stocks. I have a lot of trades posted pretty much in real time where I made money on Chinese stocks and I would like you to show losing trades on them.
Come on, ballsy... you're losing it. Let's see your PROOF I have lost money on Chinese stocks.
=Hopefully this will generate something useful from the meeting.
The corporate bylaws dictate the process to have items placed on the agenda. There is a formal process required and a deadline of so many days in which to do it. If you do not follow the correct process and do so in a timely manner, you will achieve nothing.
When you're dead... fall off the horse.
=Well show me one from the SEC website. Certainly it would be public information.
Clueless, ballsy, speaks again without understanding what he is talking about. SEC investigations are NOT public information and the SEC will not acknowledge one when asked. Direct from the SEC website:
"All SEC investigations are conducted privately. Facts are developed to the fullest extent possible through informal inquiry, interviewing witnesses, examining brokerage records, reviewing trading data, and other methods. With a formal order of investigation, the Division's staff may compel witnesses by subpoena to testify and produce books, records, and other relevant documents. Following an investigation, SEC staff present their findings to the Commission for its review. The Commission can authorize the staff to file a case in federal court or bring an administrative action."
How many times will you get punked before you quit talking out your backside and actually research facts BEFORE you spew your nonsense? I guess the answer to that is you have held ABAT for years despite the numerous proven fraud allegations.
=CBEH did nothing and thus were deregistered.
As usual, ballsy doesn't know what he is talking about. CBEH fought the revocation which is why it took so long. Jim Sutter's friend, Eugene Licker, was the attorney representing CBEH. You can read all the back and forth on the SEC website. CBEH even made one of their quarterly reports. The SEC came out with a statement that even if they were to come back fully into compliance it would not matter. After being dark so long they had to be revoked to act as a deterrent to future violators.
CBEH was not as egregious in their actions as ABAT. Curious they were revoked before ABAT, but things will catch up eventually.
=ABAT has never received any notice from the SEC regarding any action of any kind.
You have absolutely ZERO knowledge of this.
=We have been told by lbcb and others ABAT would be deregistered any day.
He keeps reasserting this lie and I keep punking him on it. I have shown post after post where I state I was told by the SEC that they do not like to do enforcement actions while there is ongoing legal activity. They act when it is in the public interest and when the public is already warned about a company... there is not the need to take swift action. CBEH was being taken over by manipulators (Sutter). That is why the SEC acted. Amazing they don't feel the same way about ABAT.
Oh, they WILL be revoked someday. Guessing when is a losing battle since the SEC is inept, incompetent, corrupt and acts in an arbitrary and capricious manner.
At any rate... to say CBEH did nothing is 100% false as they challenged the revocation for months. Even the shareholders wrote letters and the reply was that the interests of the current shareholders was absolutely meaningless and it was more important to protect the people who they would attempt to sell their shares to.
=YAHOO lists ABAT 52wk Range: 0.17 - 1.10
Stuttgart lists ABAT 52wk Range 15-82
Yes... what's your point? Yahoo shows the trading on the OTC and the Stuttgart range is for trades occurring on the Stuttgart Exchange. What don't you understand about that?
=It appears they use a different scale.
You are incredibly stupid.
=Are you being tricky again?
Yup. Big trick showing there are other exchanges in the world besides in the US.
Here is what you have to look forward to today:
Stuttgart ABV.SG .3610
Munich ABV.MU .36
Berlin ABV.BE .35
Dropped from .40s to mid-.30s in the foreign exchanges where ABAT trades. Watch for it to catch up here and see .30s print in the US.
The sudden drop from .70s sure looks like their blatant lies in PRs and promises of a buyback while dark got the attention of the SEC. Wonder if they got "the letter" and the word went out to SELL before it gets suspended/revoked?