=You keep telling people if you own ABAT you don't own anything.
I never said that. Of course you own something. You own shares in a holding company that has absolutely ZERO accountability from any Chinese operating subsidiaries. Sheesh... you sure are the drama queen always making up things I never stated.
=Would you tell the hundreds of thousands of BABA shareholders they own nothing.
They don't own "nothing", either. They also own a promise that can be taken away from them on a whim. Do a little research into all the warnings on BABA. People sure are gullible. BY LAW these companies MUST owe a fiduciary duty to the Chinese operating subsidiaries and NOT to the foreign holding companies. If you are stupid enough to invest in that kind of a rigged game, you get what is coming to you.
=yet he lost a ton of money shorting AAPL
LMAO! I think I have shorted AAPL 3 or 4 times and made a profit each time. Where do you get your information, ballsy?
=Do not directly reply to him as he will call you delusional or a D-F and belittle anything you have to say.
Like I did with dirk where I took the time to educate him on trade executions and told him to just ask if he had any further questions? No, ballsy, I am civil to those who deserve it and I attack those who prey on others with lies and misinformation. Tell us what you have ever contributed to the ABAT board?
So, ballsy, have you commented yet on the plagiarized PR where ABAT even stole direct quotes from the HPJ Chief Technology Officer and attributed them to Foo? Is this your idea of an honorable company that has been falsely accused?
1) Petition Colorado Courts to force an annual shareholder meeting
2) Submit your own slate of Directors to be voted in
3) Have the new BOD pass a resolution to freeze all assets, terminate all operations and liquidate the company to distribute all assets to shareholders.
If you believe they have $100M in cash and their goodwill is worth $60M then a liquidation should net you around $8 a share. Kind of a no-brainer, huh?
It really is amazing that not a single person (it only takes ONE shareholder) has petitioned the court yet to force the annual shareholder meeting. Seriously... what are you waiting for?
= don't you know that ABAT is a great company with a great multiple product lines
ABAT is the stock symbol for Advanced Battery Technologies Inc. They don't make anything. They are a holding company that owns another holding company called Cashtech Investment Limited that is based in the British Virgin Islands. Cashtech Investment Limited owns another holding company in Hong Kong. This holding company controls some operating subsidiaries in China where Chinese law states they owe a fiduciary duty to their Chinese companies and NOT to any foreign holding companies.
You are three levels from any accountability from any company that makes batteries, e-bikes or widgets of any type. You own nothing but a promise from people who are proven liars. What is so hard to understand about that?
So i007a007k... still waiting for you to comment on the credibility of a company that would plagiarize another company's PR pretty much word for word and even take direct quotes from individuals and attribute them to their own CEO. Do you admit that is more proven fraud and anybody can verify this?
Anybody who would own shares in the face of this blatant fraud should have their head examined. Seriously... how can you justify believing in a company whose CEO steals quotes from executives at their competition and claims them to be their own. I also proved their "new" battery is a lie and a con and there is nothing new about it. To claim it is "the first in China" is more proven fraud.
It is just more of the same. Just like Foo's big Entrepeneur of the Year Award from an organization that only exists in an ABAT PR. Pretty amazing this organization would hold a big banquet to honor Foo and not even put out their own PR. OMG! You guys are so gullible and clueless it amazes me. Some might even say they are incredulous over your ignorance. No... ignorance is too kind. That means you don't know. You DO know the facts and can verify them for yourselves and you STILL cling to a proven fraud.
dirk... this is not belittling you. You need to become fluent in the following terms:
Learn how looking at the Bid and Ask are not enough. That is only an offer to buy or sell at that price the number of shares in the Bid SIZE and Ask SIZE.
Someone sold more shares than the Bid Size and had to move down The Stack until their order could be completed. A reminder to use limit orders for thinly-traded stocks. There is nothing unusual or out of the ordinary with executions like this. If someone bought more shares than the Ask Size, it could also raise the price momentarily.
I think you have been taught this many times so it is confusing why you are still asking the same questions on trade executions. Look up the terms I gave you and then ask what you are still confused about. I will be happy to teach you.
=If you make the conservative estimate of 2% of global market
LOL... Let's just say they will have 99% of the global market. What does that have to do with you? You own stock in an abandoned holding company that will be revoked by the SEC for being dark for over three years.
It is hilarious that your latest con angle is ABAT the stock will do good because worldwide e-bike sales will go up. Solar panel sales will continue to rise, also. That doesn't mean every Chinese solar panel maker listed in the US will thrive. Many have gone BK and many more will follow. It is the individual stock that matters and not some macroeconomic trend. Amazing how some fools never catch on to that simple concept.
=You use words like fraud, proof, in a very irresponsible way.
No I don't. I PROVED that their PR claiming to have the first fast-charging, lithium-titanate battery in China was a total lie. Anybody can verify the specs of the batteries from ALTI, Toshiba and others to unequivocally PROVE their PR was a blatant lie.
Then I showed the HPJ PR text along with the ABAT PR and PROVED conclusively that it was plagiarized pretty much word for word. You are hilarious talking about credibility when ABAT attributed a quote to Foo that was made in August by the HPJ Chief Technology Officer.
Once more I show facts that anybody can verify while you keep spewing lies and misrepresentations without ever backing up anything. This is a public discussion forum. If you don't want to keep getting called out on nonsense... then be prepared to back up your sources as I do.
You made an outrageous claim of market share and I called you out on it. Put me in my place and back it up. You can't so you continue with straw man arguments and ad hominem attacks.
It is too funny you are trying to con others every day with the "short interest" argument once more when anybody can verify you are deceiving them. I have taught them how to look up short interest and how to look up the Reg SHO Threshold Security List to verify there is no problem with failures to deliver (naked shorting) with ABAT. That is more VERIFIABLE PROOF.
You are also committing fraud by using multiple IDs when you know it is against the TOS. You are guilty of manipulating a listed security so you can quit preaching about credibility. Too bad the SEC doesn't make an example out of a few like you. The naïve people you con on these boards is worse than savvy investors getting conned by Madoff types in my opinion. You prey on the ignorant and that makes you especially despicable.
=Samsung to leverage their phones prices to undercut apple because Samsung is a diversified company.
Poor, ditzy... still can't comprehend the basis for that was the carriers following through on ending subsidies like they have been claiming for two years now they will do.
Tell me, ditzy... how can Samsung "undercut" an iphone being sold for one penny by the carriers when the true cost is spread out over a two year agreement? The consumer is being taken and so far AAPL has been the biggest recipient. Can't you see that AAPL can't gain a foothold in China where subsidies are not the norm? Even Samsung fell to Xiaomi and it is Lenovo that is third and not AAPL.
Samsung is the canary in the coal mine for AAPL as they compete in more markets with a greater diversity of price points. The industry is changing and AAPL has become too dependent on smartphones. That market is maturing and AAPL doesn't have the next big thing to replace those sales.
You will continue to lie about what I post, but I CONTINUE to say that AAPL is a good company and has enough cash to change the future. I still don't see that they have done so. The sugar-rush of selling tens of billions of dollars of bonds to do a share buyback got Icahn off their back and artificially raised the PPS, but it has not changed the systemic problems with AAPL.
Just as I stated in 2012 when AAPL was overbought at $700 that they would drop to $360 if they didn't change the momentum (dropped to $380 within months) I continue to state that if things continue on the same course, AAPL will come way back once more. They have delayed and not allayed the coming drop with their buybacks and the overall markets are beyond frothy. I always said half of the AAPL drop would be from a general market correction.
You keep believing in your paper trading, ditzy. We have proven many times your stories are lies. Especially like how you are a professional tax preparer and you MAILED in a check to the IRS in Dec for Q4 gains.
=Show me one shred of any mistake that I have made in my write-up above.
As soon as you show me where I said you made a "mistake". I took your comment of:
"If we assume that ABAT has 5% of the total market"
and responded with:
"Why would you 'assume' that?"
I asked you for any supporting information you had that ABAT had a 5% market share "of the total market" to use your exact quote. I then put forth the FACT that ABAT or Wuxi are never referenced in the research reports costing many thousands of dollars from credible companies that could not continue to charge these amounts for their reports if they did not even mention such a huge world-player in the sector. You can also confirm with publicly-available export data that ABAT ships next to nothing out of China. They are a small-time outfit that sells low-end commodity goods for low margins to price-sensitive Chinese consumers who don't care about quality.
So once more you come up with a straw man argument and ask me to point out your "mistake" when I never claimed you made a "mistake". I merely challenged you to support your thesis that ABAT has 5% of the total market when none of the research reports ever mention them.
Still waiting for your comment on the further PROOF of fraud when ABAT plagiarized the PR of HPJ from a few months back and even attributed quotes from that PR to Foo. How do you explain away that one?
= If we assume that ABAT has 5% of the total market
LMFAO! Why would you "assume" that? ABAT or Wuxi have never been mentioned in any of the Navigant reports. I have purchased two of these reports in the past 3 years with both of them costing over $4,000. I have shared the publicly available index with the names of dozens of companies. The reports name over a hundred companies individually, but not ABAT or Wuxi.
Navigant doesn't just report what companies claim to be their sales. They do extensive interviews of companies and their customers. They do factory visits and it is all of this proprietary research that allows them to charge such a high price for their reports. ABAT is a nothing. They aren't a afterthought mention in a report with over a hundred different companies in the sector.
=It is in the best interest of ABAT to go back to NASDAQ and be a global company. I see no reason not to do just that.
Ummm... they can't go back to NASDAQ because they won't pay the millions of dollars to generate audited filings for over three years. There is no auditor that would sign off on the reports anymore. The hack firm they hired does not have the ability to catch them up on audited filings. they are a local firm in New Jersey. Wonder what it took to allow them to just be listed as the auditor of record knowing they would never actually do anything.
Have you commented yet on Foo claiming credit for quotes made by the HPJ Chief Technology Officer and the latest bogus PR issued?
= If we assume that ABAT has 5% of the total market
That really is hilarious. Tell us on which page of the report you see ABAT or Wuxi mentioned.
= i say it has something to do with a naked short that has never been realized on the books.
Oh yeah... forgot that alias. ecostate1 is the "moderator" of the ABAT board over on iHub. Go look at his posts there and you will know his Yahoo aliases.
= i say it has something to do with a naked short that has never been realized on the books.
Naked shorting is the term for a "failure to deliver" on a stock. A broker is SUPPOSED to locate the share to borrow before completing a short sale. If they don't, they can end up with a failure to deliver. Reg SHO is the regulation that deals with failures to deliver. When a company has a naked shorting problem, they end up on the Reg SHO Threshold Security List. Look it up for yourself. ABAT is not on this list; therefore, there is no naked shorting problem.
Once more I teach you to be a better-informed investor and expose the lies the manipulators will use to con you. The short interest here is negligible and there is no naked shorting issue. These are FACTS. Anybody who tells you anything different has proven themselves to be either clueless or a conman. Since I have provided the facts over and over... they are conmen who are preying on you. They can no longer claim ignorance.
Have your broker explain Reg SHO to you and wise up.
I still haven't heard the conmen explain away how quotes that are attributed to Foo were made months earlier by the Chief Technical Officer for HPJ. If you can't confirm this is a proven fraud, then there is something seriously wrong with you. Go ahead and write to Crescendo Communications and ask them whether they committed the fraud or if ABAT provided the material to be published. Ask them how many shares they were given to pump ABAT with proven lies and plagiarized "quotes".
Now we can see a whole slew of one-liner posts from the manipulators once more to push the truth off the first page. Let's hear more of you comment on the proof they stole quotes and attributed them to Foo.
=In 2015 Many people will regret not buying much more ABAT while under $1.00
This is from the guy still pumping CSGH on multiple boards. Go check that one out. They only existed to cook the books on other frauds and currently have a market cap of less than a million dollars. ABAT had a big contract with them that never materialized. Just like the phony sales to and from CLTT. The aliases are many in this syndicate pushing ABAT and all the related fraud companies.
And many more.
Notice their posts are always telling you to buy "because China is the place to be". "Because the Shanghai index is going up". Because of every reason under the sun except anything directly related to the company. They (he?) preys on your emotions, but there is never any factual information on the specific company. Only lies about short interest that can easily be looked up and refuted. Rumors of buyouts and great things are always just a few months away. They always beg you to hold while they brag about profits from the last run-up.
Amazing if you can't see through this con game.
=Where can one verify information on this company?
You can't. They were a front to cook the books for other frauds and have now dropped off the face of the earth. The average trading volume amounts to a few hundred dollars a day as the delusional and the manipulators bide their time until their next pump & dump campaign.
The only question is when this game of musical chairs ends. Eventually the SEC will act and those holding the bag will be left without a chair and get wiped out when the music stops.
It is funny to watch ibn8n and his aliases con people on multiple boards with one fraud after another. They always claim to be doing so great during "The Pump", but then lose all their paper profits on "The Dump".
If you think a dark stock that is a proven fraud with a market cap below one million dollars is investment-grade... then it is YOU that should seek medical help.
Beware folks... this is the guy who paid over $6,000 to buy a pump and dump package on ABAT. He is a professional conman who will probably do the same here to try to get out of his large position before the SEC shuts them down for good.
Hey, wangban, (twisty)... how come no comment on the PR that was plagiarized? I proved to you that the PR was a complete lie that said ABAT had the first battery in China with the given specs and now I have proven that the "quotes" attributed to Foo were stolen from the Chief Technology Officer of HPJ. Where is the honor in that?
I have asked a Chinese-speaker to try to find any reference to ABAT or any of their subsidiaries in China that actually received any certifications for any of their batteries. They have been unable to find the documentation but were able to quickly find many references to Highpower getting their certification. Is this another case like Foo getting his big "Entrepeneur of the Year Award" yet it only existed in an ABAT PR?
This is a proven fraud. Yes, ballsy, please let their legal team know I am publicly calling them a fraud. I can back it up. The latest plagiarism of a legitimate PR from a legitimate company is more proof.
The pumpers are still begging you not to sell. Ask yourself why is that? How come they aren't begging you to sell so they can get some cheaper shares if they really believe the share price will be $4 soon? How come they aren't buying at 70 cents if they believe the share price will be many multiples soon?
When are you going to wise up. Oh by the way... I got a response back from the HPJ IR firm. I will save the response for them to release as they wish, but this is who responded to me:
Senior Vice President
The Equity Group Inc.
800 Third Avenue; 36th Floor
New York, NY 10022
Do you care to beat them to the punch, Crescendo Communications and explain how the quote you attributed to Zhiguo Foo is the same one made by the Chief Technology Officer of HPJ back in August?
This should be good. I haven't seen Crescendo Communications disclose how many shares of stock they have been given for their "work" in writing lies about ABAT. I wonder if the SEC would find that interesting....
=Could it be that both ABAT and HPJ used the same translation or PR service
Nope. HPJ's IR firm is The Equity Group Inc. and ABAT's is Crescendo Communications. It is bad enough they stole the body of the PR, but when you take the quotes of an individual and claim they came from your own CEO... that is totally indefensible. There simply cannot be an explanation to explain away that one. I am emailing both Highpower and their IR firm to let them know that ABAT plagiarized their PR including the quotes from individuals. Maybe the REAL battery companies have had enough of this fraud and will push the SEC to end the charade.
How much more proof do you need everything about this company is a fraud?
"The battery model IESPD201E is designed for and best suited for Hybrid Electric Vehicles (HEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). The product approval was based on comprehensive tests according to China's automobile industry standard QC/T 743-2006 "Lithium-ion Batteries for Electric Vehicles".
"The battery (model:ABAT-12128142) is designed and best suited for hybrid electric vehicles (HEVs) and plug-in electric vehicles (PEVs). The product approval was based on comprehensive tests according to China's automobile industry standard QC/T 743-2006 "Lithium-ion Batteries for Electric Vehicles."
Highpower PR quote from CTO:
"China has begun to emerge as a leading green transportation adopter. China will become the largest market for electric buses within the decade. This is another significant milestone for Highpower to get positioned for wider national adoption of our batteries in the HEV and PHEV market. We dedicate meaningful resources to developing the new generation lithium batteries to address the immense EV market in China."
ABAT PR quote from Foo:
"China has begun to emerge as a world leader in green transportation and it will become the largest market for electric buses within this decade. We have dedicated meaningful resources to developing the next generation of lithium batteries to meet the immense demand from the HEV and PEV markets in China."
It used to be ABAT just made things up. Now they don't even make it up anymore. They STEAL the PRs from others and even use the same quotes and attribute them to Foo.
Verify it for yourself. Read the two PRs. ABAT is an utter and complete sham and Crescendo Communications is as big a fraud as ABAT. It will be interesting to see the comments from the longs now that I have PROVEN their PR was a sham and they just plugged-in (pun intended) an ABAT model number battery and plagiarized the rest of the PR. They probably didn't even get a battery approved.
= given my modest lifestyle
Yet you brag about building "extra homes" etc. You are an even bigger fraud than ABAT.
=If paying taxes in advance is "the dumbest thing an investor can do" in your eyes then it is you who needs dumb luck.
LOL... a professional tax preparer that advises his clients to give Uncle Sam an interest free loan and lose the ability to use their money as long as possible.
=The taxes I owe are do by the end of the year given the money was made in Q4.
No they're not. A professional tax preparer should know that. They are probably due (not "do", schoolteacher) by April 15th, 2015 but under no circumstances would they be due before January 15, 2015.
You sure are ignorant for a tax preparer. Have you told all your clients that their Q4 withholding is due by the end of the year? Wow... get ready to be sued.
What is your PTIN? Do you even know what that is or will you need to look it up?
What a fraud!
=Now you're telling me, a tax preparer, when I should send in my payments.
LMAO! Now he is a tax preparer and he doesn't even know what the capital gains rate is or when it is due.
Hey, ditzy... what is your PTIN? I have also never heard of a professional tax preparer that "sends checks". They all file electronically. Your lies just compound themselves because they are so outrageous. Once more... NOBODY mails a check the first week of December for capital gains booked in the 4th quarter that hasn't even ended.
You also had so many losses earlier in the year from all your failed Puts (AMZN, P etc.) that your tax liability would have gone way down. You do know you can offset all those gains you supposedly made with losses.
ditzy... you aren't bright enough to be a good liar. Your AAPL holdings changed every time you mentioned them. You stated you had never sold a share when I showed many posts where you claimed to have sold some. Your lies are numerous and verified.
Still waiting for you to show a post of mine where I "GUARANTEED" any price on AAPL. Your therapist told me it is time to break through your delusions as you are making no progress. When you can't confirm all these things you claim I stated... then you need to confront your delusions.
LOL... a professional tax preparer now who MAILS withholding checks before the quarter is even over. TOO danged funny!
Nov 12, 2014 10:28 AM Flag
Sold 4000 apple at 110 have 14000 left
Uncle Sam and state of New Jersey are going to love my tax return
ditzy claimed to sell his AAPL in November yet he posted this today:
"As for me I just sent 40k to the state of new jersey to cover my profits and another 90k to the feds for capital gains."
Any capital gains for the fourth quarter are not due for many months. Nobody would send checks to the state and to "the feds" the first week of December for capital gains made in November. Anybody who makes such foolish claims has never had to actually make quarterly withholding payments based on trading gains.
Let's look closer. He claimed to sell 4000 shares for $110 or $440,000. His basis was claimed to be around $130 (pre-split) or around $74,000. That would make his supposed profit around $366,000. Long-term capital gains tax rates are 15% for the lower tax brackets and 20% for the highest bracket. ditzy's rate would be no more than 15% which would be about $55K and not $90K as he claimed. It wouldn't even match up for the 20% rate (73K). These two facts are more proof that his trades are on paper only:
1) Nobody mails in the withholding checks the first week of December for 4th quarter taxable gains.
2) $90K does not match up with any possible scenarios for his long-term capital gains liability based on his disclosed trade.
More PROOF he is a delusional liar. He got burned so bad when he mortgaged his house buying AAPL Calls in the $600s when it dropped from $700 to $380 that he got wiped out. Now all he can do is make up trades that are IMPOSSIBLE when you try to verify the facts based on his self-disclosed parameters.
When is my rent due, ditzy? I really should pay something for living in your mind.
=When can you get it thru your thick skull that this is about you.
LOL... what is "about me"? I show proof you are a liar from your own posts while you make up things about me you can't back up.
=You attack longs on this board day in and day out.
No I don't. I refute lies and misinformation no matter who posts them. I post the means for people to verify information for themselves so they can make better investing decisions. You are a low-life who spams an unrelated board because I have punked you so bad over and over with your own posts that you have a personal vendetta against me so bad you can't think straight.
=You said Samsung would undercut them and samsung has imploded,,
Samsung has not "imploded". What a dolt. That whole premise was clearly based on the numerous articles I shared stating carriers were ending subsidies. You like to pick and choose words without ever quoting the entire premise that validates it.
=you said aapl's profit margins would go to 20%
Yes, if carrier subsidies ended then AAPL's margin would be dropped in half. Once again, you fail to include the premise made in the quote.
=you said China Mobile was factored into the price
It clearly was. The price DROPPED after the China Mobile deal was officially announced.
=AAPL has become the top selling phone in China
Both AAPL and Samsung are beaten out by Xiaomi. Samsung is second followed by Lenovo and Yulong. AAPL can't compete where subsidies are not the norm. Look it up for yourself and confirm. AAPL is not a major player in China.
=you repeatedly said aapl would be 360 by the end of 2014
I never said it WILL be or GUARANTEED it as you continue to lie. I stated a scenario where that was going to happen if the present trend continued. I always stated they had enough cash to change the momentum. Interesting they issued tens of billions of dollars in bonds to do the share repurchase. The carrier subsidies never ended which was the whole premise. Their fate is merely delayed.