=If ABAT provides the requested documentation
Why all the games? Why all the delay? What could be more simple than releasing all their SAIC and SAT filings for the past four years. They already have them. If Foo lies on the SAT filings, he could face execution. Let's see if they show a $32M profit and taxes paid on that amount or a small loss as would be indicated by their dwindling cash and rising debt on all three operating subsidiaries. They are real or they are not and they have the ability to set the record straight.
Yes, it really is that simple. They claim to be innocent of every allegation and making higher margins than AAPL. They should be eager to show those filings.
The most amazing thing is the delusional here will see this as a "bash" instead of the only sensible thing that should occur. Perhaps they would like to explain why they aren't demanding ABAT release what they already have and then agreeing to a timetable to come into compliance with the SEC.
=Whose turn is it to make a couple small buys at the Ask and drive the close up into the .70s?
TOO funny. The tiny buy came in 2 minutes before the close to hit .70.
It's .68 going into the close. Whose turn is it to make a couple small buys at the Ask and drive the close up into the .70s?
=your OPINION about Joel selling
His words stand on their own. You have nothing relevant to add so you need to make up some new "drama" every day.
Quick... rotate through your aliases to show everybody how much "support" you have. LMAO! Who do you think you're fooling?
Go ahead, ballsy... if you think this is such a great stock then back up why. Tell us all why you have held this for many years and followed it down to a huge percentage loss. You have never provided any relevant information here. All you have ever done is personally attack others.
which facts of mine do you not agree with? Which of my opinions do you differ on? You are insane to continue to stalk and harass others and babble about "motives" and "agendas" without ever providing any information whatsoever.
What is your agenda to stifle any dissenting opinions? Do the Yahoo terms of service state these boards are ONLY for delusional people who want to pump the security they represent? Of course not. These boards are for discussion. If you want a mutual admiration society, go over to a moderated board on ihub.
I am using these boards according to the terms of service while you are violating the TOS by using your multiple aliases. What a D-F you are to harp about me when it is YOU that are violating the rules.
= It won't effect their earnings at all
But it sure as heck will hurt the PPS. You can do an awful lot of terrible things and ask your shareholders for forgiveness, but when you take their money hostage and don't allow them to use it at ANY price, then you have crossed the line. Once this trades again you will see a rush to the exits.
=I don't mind the halt.
Good for you. It doesn't affect me, either, but I am a bit more empathic about how it affects others. what if you lost your job and had your money tied up for many months? Had an accident, needed car repairs, have medical bills? How much money did it cost those who couldn't book their losses last year to offset other gains? What about those who need this money to pay their taxes by April 15th? We're all very glad this doesn't bother you, but it is causing real problems for real people. It is inexcusable that the halt for news pending can remain for this many months. The news was released so begin trading. Quit hurting good people just to cover your own backsides!
=Yup, here comes lbcb telling giving his "opinion" certain companies are worthless
Yes, I give my OPINION on many things on a public OPINION board. Only a D-F like you feels the need to stalk and harass another poster for using these boards in the manner they are intended.
If you have a dissenting opinion to anything I post, feel free to present it and back up why. Of course, you never do this... all you ever do is personally attack others because you don't have an original thought in your head to actually take part in any discussions.
=There you go again ....FACTS !!! FACTS !!! and more FACTS !!!
I know. I did stay quiet long enough for the trapped longs to get out on this last pop. The delusional are still holding along with some bewildered newbies who don't understand what is happening. Even twisty got some sold.
Hey, twisty... how many did you sell? We know it was at least 100K this time. Did you sell them all? You don't seem to be here pumping them with your lies and misinformation anymore.
=CBEH is an OTC pink limited stock. Not on the grey market.
You are wrong. Go to the otcmarkets website and verify it for yourself. What you are seeing on L2 is customer orders and not the Bid and Ask from MMs. Might not seem to be much of a difference, but it is. Two people or one person with two accounts can manipulate the price to whatever they want.
That is why Sutter moved on to CBEH. That is an "unsolicited quotation" stock and does not have a Bid and Ask from a MM, either. Pull up their symbol at otcmarkets and see how that works. L2 is customer orders and not MM quotes.
CBAK went from $2 to $4.78 and have come back a buck so far with a lot more to go. they sold all their best assets to avoid BK and that stock is worthless and got bid up for no reason.
AXPW (Axion) is a worthless company that went from 10 cents to 20 cents and has fallen back to 16 cents.
HPJ went from $2.50 to $6 and is back under $4.50.
ALTI went from $4 to $7 and back to $5.50.
FCEL went from $1.50 to $4 and is back down to $3
PLUG went from $4 to $11.72 and is back under $8
WLCDF just because they have "lithium" in their name went from .25 to .86 and is back to .50.
And many, many more. The TSLA announcement saw a whole slew of companies go up for no reason and they are working their way back down.
Add ABAT going from .40 to $1.10 and coming back to .70. Same pattern as all the others. Some got sucked in thinking there was "settlement news", but those here for awhile have known about the settlement since August of 2012 and it was just a matter of working out the details. It is known news and doesn't change anything fundamentally here... the common shares of the US holding company have been abandoned and are worthless.
Did you think ABAT was actually "moving"? Did you think they were unique and something special was happening? TOO funny. What do you think we have been talking about with all these companies that moved for no reason?
=Very interesting that ZAAP peaked the same day like ABAT also with a huge increase of volume.
Yes, along with many more worthless stocks. TSLA announced their new mega-battery facility to be built in North America and you saw all kinds of related companies shoot up for no reason. Most of them (if not ALL of them) are working their way back down.
It is amazing the same people keep falling for the same scams and wild goose chases.
=Anyone that shorts because of the VIE argument is an idiot.
By the way, I agree with that statement. Anybody who would short a Chinese stock JUST because it includes a VIE arrangement is an idiot. It is a very good reason not to buy in the first place, but that in itself does not mean it will go down. I know this is tough for you with your black and white world, but ALL factors should be taken into account. The presence of VIE arrangements are a red flag, but not the ONLY criteria that should be used when evaluating if a stock meets your objectives and comfort level.
=TRIT's problems aren't about VIE's, they're internal squabbles.
I'm surprised you haven't screwed yourself into the ground by now you twist so much. The "internal squabble" was the CEO not following internal controls which is EXACTLY what happened at FAB. The VIE structure isn't the "problem"... it is the ticking time-bomb. As this arrangement has never been upheld by the Chinese courts, there is nothing to keep Zhang from declaring the arrangements unenforceable and taking back the Chinese operating subsidiaries. I have been clear on this although you continue to twist my very clear words. I am not saying he WILL do this... I am just saying he CAN. That is why Chinese stocks with ZERO allegations often trade for ridiculously low P/Es. There simply is no accountability and you are at the whim of forces out of your control in the PRC.
=In addition, why would Zhang try to steal something he already has (control of FAB)?
Because it costs a lot of money to jump through the hoops of a US registration. If he controls everything with and without the US holding company, it would make sense for him to shed this extra nuisance. I still don't understand exactly what role the Pittsburgh office performs. Can you enlighten me? The main reason these Chinese companies want a US presence is to raise cash. FAB is now tainted and this prospect is not as good. I do not have a crystal ball, but I have answered your question. The Chinese operating subsidiaries will go forward just fine without the extra expense and meddling by the US office. They did it in the past and it would make plenty of sense to slink back to China using the excuse of our "failed markets" and "unwarranted allegations". Zhang will be a hero to cut out those evil capitalists and return all management functions to China.
Russia getting ready to take a bigger chunk of Ukraine. YNDX holding up in premarket, but watch for a further drop today if tensions continue to mount. Sanctions against Russia set to go into place if Crimea votes to secede and join Russia. Going to get interesting.
The TRIT story:
Mr. Cheng served as the Registrant’s Chief Executive Officer from January 2013 until his termination on September 17, 2013. On or about September 16, 2013, the Board was made aware of violations of its internal policies regarding wire transfers on April 8, 2013.
Sound familiar? At least they did the right thing and terminated him for failure to follow internal controls. Now it gets interesting:
After his termination as Chief Executive Officer of the Registrant, Mr. Cheng obtained the company chop for Beijing Satellite S&T Co., Ltd (“BSST”), an affiliate of the Registrant, of which Mr. Cheng is the legal representative. Each legally registered Company in China is required to have a company chop, which has to be registered with the Public Security Bureau (“PSB”). The company chop is required on all official documents such as contracts, bank account applications and labor contracts. The company chop legally represents a company in dealing with third parties and is therefore valid even without a signature.
On November 27, 2013, Mr. Cheng’s representative informed the Registrant that Mr. Cheng intends to challenge the validity of the contractual relationship by which the Registrant and its subsidiaries control BSST. If successful, this challenge could result in the loss of control of BSST and the subsequent deconsolidation of BSST from the financial statements of the Registrant. The Registrant will vigorously protect the interests of the Registrant and its shareholders in maintaining control over BSST.
I laugh when you state I can only copy and paste. I have never seen another report on the significance of this. What we have here could potentially be the first test case under Chinese law regarding VIE arrangements. Do you see all the similarities yet? Zhang can do the same thing. Sue him if you want... but you will most likely lose. FAB shareholders are toast.
=Like the chick with the business card?
Show me where I have ever once used that as part of any "supporting documentation". In fact, I have said exactly the opposite. I have stated that should NOT be weighed as it is not independently verifiable.
=The former employees of former contractors?
Ditto. You can't show a single post of mine where I have ever referred to that as supporting a FAB transgression.
=The opinion that all cash in China is fake?
Let's see that post. I have never once stated that all cash verifications in China are fake. I believe the exact term I used was they were "neutral". They have been proven to be phony before with companies so since it wasn't something I could verify or refute it was a neutral and did not weigh in my decisions.
=The silly VIE argument?
You really think it is "silly" that they say in their own filings that Zhang owes a fiduciary duty to the Chinese operating subsidiaries and NOT to the US holding company you own shares in? You think it is "silly" that the Chinese courts have still never upheld the validity of VIE arrangements and all Zhang needs to do is declare them void and LEGALLY cut out all US shareholders?
I never said Zhang WOULD cut out all US shareholders, but you are delusional if you do not understand he COULD and you would have ZERO recourse. Not so silly when it has happened before. Look up TRIT to see what happens when you try to reprimand a wayward founder. That is actually an important example. Let me give you a quote from their filing in the next post.
You just keep attributing things to me that I never stated and you are a low-life to continually accuse me of these things while never providing a single post to support your lies.
=This question was never asked by you.
I gave you the EXACT post:
"Joel... can't say you were made whole, but I hope you got out with enough for your life to go on in a better manner."
You had it right in front of you to refer to. Nothing was hidden. When I paraphrase the longer statement in the second post, you throw a hissy fit even though it was the reply from Joel that was important and I gave his EXACT words once again in quotes.
"I am whole+"
Do you play these games with your wife, also? Is she regretting marrying a crazy honky or has she left you by now? You are such a POS I am going to thoroughly enjoy when you are officially wiped out. You have stalked and harassed me for years. Never once have you contributed anything to any relevant discussion. A POS like you deserves whatever you get.
And to those of you who think I crossed the line to mention his wife... he is the most vile of excrement and deserves for me to go for the jugular. I have taken his crud over and over. Look up his posting history and verify it for yourself. Not once has he ever made an on-topic post about ABAT. Each and every post is personally attacking others with 95% of them directed towards me. He even has made up numerous aliases to do the same thing. He deserves whatever he gets and more. The comment about his wife is probably spot on... nobody would stay with such a D-F.
=Joel never once said he sold all of his shares.
Did you get out whole?
"I am whole+"
Mind you, this was AFTER it came back down. He would not have been "whole+" if he was indicating "on paper". Come on, ballsy, you are the one who likes to INFER things from posts. What is left to infer? Joel is out and you are still a D-F. I just have to laugh at how you keep punking yourself.
Are you really beginning to believe your other aliases are "support" for you? When did you begin answering those voices in your head?
I hope you're right because it will mean war is averted... for now.
Russian troops massing on the Ukraine border and Merkel making it clear Germany is prepared to impose economic sanctions if pushed any more. I don't like the risk/reward scenario for YNDX at $30. Maybe at $26. That looks like the next stop to me. All bets are off if it gets to $25... could go sub $20.
=I will go on record as saying I will publicly apologize to you for my wrong opinion if FAB does not announce its earnings and start trading by 4/15/14.
NEVER apologize for your opinions. Everybody is entitled to have an opinion. If you want to make an impression on others... actually be able to BACK UP your opinion with supporting documentation.