=There is certainly something fishy about the Status stating the annual reports for 2012 and 2013 were filed
Those were the Annual Reports for the State of Delaware and not the reports required to be filed with the SEC. Advanced Battery Technologies Inc is a Delaware holding corporation and has requirements with the state to keep their corporate charter effective.
=On behalf of ABAT and the shareholders. . . thank you for posting that information and helping the company and its shareholders.
I believe I forced ABAT and their attorneys to get up to date. Mission accomplished. I think this would have slid by unnoticed without my bringing it up. It is telling this only happened after the settlement was not approved on February 21st. I'll bet you brought this up to somebody and they were compelled to act.
Thanks, Joel. I have proven all along I was always on the side of the shareholders that were harmed and against Foo and ABAT that caused the harm.
=break a quote in small pieces to take it out of context like you did with the FAB management team.
There was nothing out of context. No meaning was changed:
"We longs and the FAB management team will do what we want."
We longs will do what we want.
The FAB management team will do what we want.
Those are both accurate statements from your sentence. I broke it up without changing any meaning whatsoever for brevity. In case you haven't noticed... I provide a reply to EXACT words instead of twisting and implying things. Tell me how the meaning was changed?
=You listened to Carnes
LOL... you still won't explain how I "listened to Carnes" when I made my trade before he uttered a word about FAB.
= how to manipulate racists like you
Okay, now we also know you are a Democrat. When you lose an argument you bring out the race card.
= next time you'll know you can trust the Chinese
I don't trust or distrust ANY group based on their race or ethnicity. My opinions are backed up by FACTS. I don't care if FAB claims to have kiosks in Beijing or Berlin... Tianenmen or Timbuktu. They can either produce a list of deployed locations or they cannot.
I laugh at your inability to focus on what is relevant and your need to personally attack anybody that is not delusional and actually wants verification of what they claim.
Wasn't it you that said they would file by March 13th? Just a week away. Still holding to that opinion? The disclosure they just hired an investigator is your notice they will not file until after the investigation. They would be foolish to do so. They aren't calling the shots anymore... the attorneys for their D&O insurance provider are in control and they will demand they stay dark.
=FAB management team will do what we want.
And that is why you are in court with multiple class action lawsuits. You will continue to be sued until you understand you have a fiduciary duty to SHAREHOLDERS and not to cover your own backsides.
=You have no sinking stock price to blackmail us with false information.
You have not shown what was false. You continue to not show what was false and after MONTHS are now getting around to beginning an investigation? Something doesn't smell right.
=It's called a T-1 halt and used for these situations.
Yes, T1 halts are used temporarily when disseminating information so all shareholders can assimilate the information before some can frontrun news. The information was released long ago. Continuing the halt for this long after the news was disseminated is now classified as manipulation of a listed security. That is my opinion and I have backed it up and stand by it.
=Forget the kiosks.
LMFAO! Not so easy... we will NOT forget the kiosks. You will either show they exist or you will not and you will be rewarded/punished accordingly. Each day that goes by lessens any impact if some kiosks are shown to exist. Is there a crew running around Beijing right now moving a handful of kiosks from location to location and snapping a picture? The list of kiosk locations should have taken days and not months to provide. If the musical kiosks game is played, you will be caught. Provide a master list that can be all verified at once or face the consequences.
=the audit firm took so long because they would NOT do the audit before looking at all the books and determining that there is a chance of fraud
OMG! That is one of the more clueless statements ever on this board... and that takes some doing!
=dont believe me??
No, I don't. You are trying to tell us that an auditor will do all the work for free and then based on what they find, will decide whether or not they want to get paid for doing the work.
=ask any one you know that works for an auditor
I agree. Confirm with any professional this is not how it is done.
=ABAT is in GOOD STANDING and was updated on 2/25/2014.
You may be misunderstanding the info.
"Status: GOOD STANDING Status Date: 02/25/2014"
Isn't the "Status Date" the date you pulled up the report? I think mine was. That is why I am saying you need a report after March 1, 2014 in order to see if they are in good standing after the March 1st deadline for the current year.
I don't know this for sure, but I believe it is incorrect to assume the "status date" implies the date it was "updated". If true, it would be interesting that they only updated AFTER the February 21st hearing when settlement was not approved on that date.
Anybody pull up a report after March 1st? Joel, did you just pull up this report or is this from February 25th?
=Bought last June at 0.06
Another proven liar. Nobody bought at 6 cents. Those that have followed this know that was a bad print that never got corrected.
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. I was thinking of you as I refrained from posting long enough to let this run. I think you have tried to do the right thing all along. Please tell me that the dip was you getting out. There could be one more pop, but these newbies will eventually see they can't verify any of the lies here.
I say let the court activity end and let the SEC finish them off. It is a shame so many good people were harmed by their own country not enforcing their own rules which would have protected them. I am tickled the good people got a chance to recover some money.
= if someone would check and see they are ok now
Ummm... so why don't you check and get back to us? I gave a premise that they could have renewed their Delaware corporate charter when the case was extended beyond the February 21st hearing date. Are they active or are they not... I don't know and I don't care. You seem to be obsessed with this, but unable to afford the $10 to look it up. I find that to be hilarious!
Wouldn't that be to the advantage of the pumpers to show they are current? I think it is odd that not one of you has paid $10 to get this status or $20 to get the full corporate disclosure. My latest premise is that there is no longer a valid Delaware entity called Advanced Battery Technologies Inc since nobody has confirmed an active status here. Prove me wrong.
Now go play your juvenile games elsewhere. Look it up or don't... it is your choice. You might be happy or you might not when you see the result.
=hi lbcb, I would like to know on which day you checkt the Delaware status the last time.
Why are you playing games? It was before March 1st. Tell me why it matters what day it was? The only thing that matters is if they are current AFTER March 1st as that was the deadline. I have no idea if they rushed payment in after the February 21st hearing to continue the illusion for the settlement proceedings or if their charter is now inactive. I don't really care. I am convinced the stock is worthless either way, but you would think there would be a single long that would have checked by now and would have reported back if their status was current. Being current doesn't mean they will ever do anything again, but NOT being current is the confirmation they abandoned the US holding company.
I gave you the link... how come you won't check their current status? I don't suffer fools very well and you are growing old with your inability to sift through to what matters. If you want to know their current status... look it up. Perhaps 10 longs can each put in 2 dollars and get the full update... LMAO!
=why not large short
Because I knew the idiots here could be baited and the first time I mentioned I was short, I could count on another push from the delusional who despise me. Don't worry... I got an adequate position built up as it peaked.
=.....you were confident at 40 cents.....
I was confident at 40 cents there is no fundamental value here and I would be just as confident at $1.50 there was no fundamental value here. Do you really not get that our markets are just an illusion? I don't get frustrated anymore when worthless companies get bid up by fools who do no DD. I got over that in the late 1990s when I stubbornly lost some money shorting vapor dotcoms. I now embrace when fools bid up worthless companies and I am only too happy to bring the stock price back to reality.
Learn how to play the game. Bad stocks can be overbought and good stocks can be oversold. Perhaps you can answer this question:
What has changed here fundamentally since ABAT was at 20 cents? When you can't find anything then you tell us why it went over a buck. I stayed silent and let the fools spew their lies and suck in the ignorant. Now I am cashing in.
=Perhaps even they were misled by the FAKE facts written about FAB.
Could you please provide a list of these "FAKE" facts? I would like to go over them one by one to see what is relevant. I would also appreciate your supporting documentation to refute any of the allegations.
How about the improper bond issue? Was that a fake fact? Guess not... FAB already confirmed it. How about the number of deployed kiosks? I don't believe we have the information to know one way or another. You seem to have proof that is a fake allegation, so I would appreciate to see your confirmation of the deployed locations.
Pick anything else you believe to be fake and we can see if they are proven, refuted or if we just don't have enough information yet to determine their validity.
=FAB will start to trade on it's earnings and potential.
Initially, it will trade based on the number of kiosks they can VERIFY are deployed. Where is that list so locations can be independently verified? If they can confirm these, then we move on to the next issue. If they can't confirm these... then EVERYTHING is suspect and they will have a huge credibility problem going forward.
That isn't an issue because of Carnes or Geoinvesting or ME. It is an issue because it is the one thing we have that can be independently confirmed or refuted. We can't know if their revenue is real or just a fantasy world spun on paper to meet the conditions to have the tranches of preferred shares converted to common.
I will be patient a few more weeks, but the lawsuits will multiply if the manipulation of this continues and it is not allowed to trade. Let the market determine the fate of the shares and it is not proper for our money to be held hostage whether you are long or short.
=when was the last time you checked it, and what did it say then?
The last time I checked, they were not going to be an active entity as of March 1st.
How come none of the loyal longs have posted their current status?
=How is that short position working out for you???
"I got a small short in at .98"
LMAO! Want to know what the "small short" was? I now have a 100 share short position. You are too stupid to see I did you guys a favor. $1.00 was going to be key to hold. By posting I was short, I got all the idiots that despise me to get it over the hump. I said yesterday I think $1.25 is possible if all goes well.
You guys crack me up with how predictable you are. Now I gave this a fighting chance to hold a buck until the PR for the settlement. This could even hit $1.50 tomorrow people are so stupid and don't do any DD. Just look at the comments here about buyouts and book value for a proven fraud that has been dark for years and abandoned their US holding company.
I am going to enjoy this. Now get to work... the higher you can pump it, the more money I will eventually make. Stay away from the buyout nonsense. You got called out on it by some newbies. Also stay away from book value. Others called you out on it by saying where are the filings after 2010. Stick to those mysterious quasi-shorts of over 20M. Fools love a good short squeeze and your target audience is people that don't know how to look up the short interest and have never heard of Reg SHO.
Bait me all you want, fools. I will have the last laugh here.
Oh... and Yags is still an idiot. He doesn't have what it takes to be an individual investor. Now he wishes he would have hit on 20 when the next card was an Ace. Make the best decisions on what you know at the time and forget hindsight.
Hey, ballsy... I got a small short in at .98. I fully expect this to go higher as more clueless people get sucked in by the "news" of the settlement, but I am in the game now. Want to make sure I at least get something if it gets to a buck and tanks hard when people come to their senses. I will average up to the peak now.
By the way... did you ever check to see if they were current in their Delaware registration or if they have made it official they have abandoned the holding company you own shares in?
Now it is just a matter of timing things before the SEC gets wind it is time to act.
=No NYSE employee would even dream of saying the things you attribute to their staff.
LMAO! What a D-F! Show me what I attributed to NYSE staff? Your comprehension skills aren't very good.
=With today's news I think it's a given FAB will file their 10K in a timely manner.
Just the opposite! They really just got around to hiring someone to investigate! Do you really think the investigation will be complete before Spencer, the CFO and the auditors need to sign off on the 10-K per Sarbanes Oxley?
Here is another point I didn't think of and an attorney told me. The attorneys for the D&O insurance will probably tell FAB that they won't pay out if they file another 10-K before a settlement is negotiated. they will be telling you later this month they are going dark on the advice of their attorneys.
Spencer had better be 100% sure of what he is signing off on or he will be liable. It is his FIDUCIARY DUTY to wait for the investigation to be complete before he supports unsubstantiated numbers.
Dream on. We will know soon enough. If they are stupid enough to put out a 10-K where all the language is watered-down and wishy-washy, it will do more harm than waiting for the investigation to be completed.
By the way. I'm familiar with FTI (FCN ticker symbol). They are losing money and their stock tanked. Doesn't surprise me they were willing to take the FAB job. They have no reputation to protect. Loeb & Loeb has their own reputation and I can hardly wait to tell someone who it is representing FAB.
= I want to talk with you about filing lawsuit against the NYSE. Thanks
I can save you some time. I looked into it seriously and was told it would be wasted effort because this will "come to a head in March". The opinion is there was a 99% chance they would not file in March on the advice of their attorneys and this will be automatically delisted by the NYSE. I said, what if they DO file and was told there would be no justification to maintain the halt after a new 10-K and trading would resume.
I was told the only way this doesn't begin trading soon is if the SEC gets involved and that is almost zero chance while there is ongoing litigation in civil court.
I still strongly maintain that this extended halt qualifies as manipulation of a listed security. You can't just not let your stock trade because it will go down. You have a public duty to keep it trading. They were within their rights to halt it for news pending, but once the news was released they were obligated to allow trading to resume. The ones to sue are the BODs. I have no need for my money that is tied-up, but I was advised that anybody who endured hardship over having their money improperly frozen has a strong case against the BODs. They have failed in their oversight duties and failed in their present fiduciary duties owed to shareholders.