From Gizmo China to IDIOT #$%$ LIED. You do realize that cell phone saturation in China has hit 100% (that is a Billion plus) Here is the paragraph from Gizmo china on Changhong phones. . .
Are you heavy duty Android user who always need more power for your Android phone?, if your answer is Yes, the Changhong Z9 Android smartphone is for you, because this phone is powered with 5000 mAh battery capacity.
While this phone is offers massive battery life, but the body thickness is very thin, just for 9mm body thickness, this phone is also packs with 5.5” 720p High Definition display, an 8-megapixel camera with an LED flash, a quad-core 1.2GHz MediaTek MT6589 processor, 1GB RAM, and Android 4.2 Jelly Bean as the operating system.
And ABAT is one of their top 3 suppliers!!!!!
What a total idiot you are!!!! Changhong indeed makes phones. In fact, the supply not only China, but Russian and Indonesia as well You are as lame as the VVR report that didn't take 5 minutes to verify some of their outrageous claims. You can merely google Honphone or Z9 or Changhong to see that Changhong not only makes phones but in the last few months they have introduced smart phones with batteries with longer life such as 5000 milli amp hours and a new one in November with 10,000 milli-amp hours. The very fact that ABAT was one of the top three awards shows that ABAT is probably supplying them with millions of dollars worth of batteries.
You are clearly an idiot who will say and do anything to convince people on this board to sell as we go into the home stretch.
Google Changhong+ ABAT to see the conference that was held.
Another Short IDIOT!!!!!.
both of the final hearings were moved to the same date which is February 21. Who thinks ABAT should annouce a shareholder meeting and their intention to file?
NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED by and among Lead Plaintiff (for himself and the Settlement Class Members) and the ABAT Defendants, by and through
their respective counsel of record, that, subject to the approval of the Court, the Litigation and the Released Claims shall be finally and fully compromised, settled, and released, and the Litigation
shall be dismissed with prejudice, as to all Settling Parties, upon and subject to the terms and conditions of the Stipulation, as follows:
there you go LBCB. everything is documented just the way you like it. .
Lead Counsel (Plaintiffs) has determined that, under the circumstances, the
Settlement set forth in this Stipulation is fair, adequate, reasonable, and in the best interests of Lead Plaintiff and the Settlement Class.
The circumstances include the limited discovery they saw. And they are using as an excuse the uncollectability to save face and avoid sanctions.
CLAIMS OF THE LEAD PLAINTIFF AND BENEFITS OF SETTLEMENT
Lead Plaintiff believes that the claims asserted in the Litigation have significant merit. Lead
Plaintiff, however, recognizes and acknowledges the expense and length of continued proceedingsnecessary to prosecute the Litigation against the ABAT Defendants through trial and appeals. Lead Plaintiff has also heavily taken into account the uncertain outcome and the risk of any litigation. In particular. . .
Seems like one party's word against another, not unlike what you pull here every day LBCB. ABAT will be at $1.00 by the time of the Final Hearing. .. . Their innocence on the basic premise will endure and in the end be the undoing of the false attacks.
F(&(&& did not steal money plain and simple.
You are wrong dude. Pomerantz verified during preliminary discovery that while ABAT had some minor violations, they were not guilty of the gross violations that they were accused of and that they would not succeed in Trial or if they did get some judgement it would be quite minimal due the "disaggregation factor". The Settling Parties allowed each other to "save face" and both were able to continue to maintain their position while exiting stage right. You can see this in the Court minutes. So basically ABAT was falsely accused and this will come out at some point. ABAT is a STRONG BUY and will be over $1.00 in 2014 and slowly go back to $3.00 once they relist. LBCB and the likes of you will be proven to be 95% wrong!!!!!!!
Plaintiffs’ counsel has determined that the Settlement set forth in the Stipulation is in the best interests of ABAT and its securities holders, and will provide ABAT and its securities holders with substantial benefits. Although Plaintiffs believe that the claims asserted in the Derivative Actions have merit, Plaintiffs’ counsel recognizes uncertainty and risks inherent in any litigation, especially in a complex matter such as the Derivative Actions. Plaintiffs’ counsel also is mindful of the inherent problems of proof and of the potential defenses to the claims asserted in the Derivative Actions. Further, in determining that the Settlement is in the best interests of ABAT and ABAT shareholders, Plaintiffs’ counsel has taken into account the high risk that any judgment against the Individual Defendants -- who largely reside in China -- will be uncollectible and that there is minimal insurance applicable to Plaintiffs’ claims in the Derivative Actions. ABAT and the Individual Defendants have represented to Plaintiffs’ counsel that: (i) the Individual Defendants (with the exception of McFadden and Patti) reside in China and do not have significant assets in the United States; and, (ii) the insurance applicable to the claims alleged in the Derivative Actions has been substantially exhausted on defense costs and the Class Settlement.
Perhaps you should read the Settlement. . . Here is an excerpt. . .
Reasons for the Settlement
Each of the Individual Defendants and Nominal Defendant ABAT has denied, and continues to deny, all charges of wrongdoing or liability against them as related to the subject matters alleged in the Derivative Actions and believe they would have prevailed in moving to dismiss the Derivative Actions with prejudice and, in any event, would have prevailed on the merits. The Individual Defendants and Nominal Defendant ABAT expressly maintain that they diligently and scrupulously have complied with any and all fiduciary duties and other legal obligations. The Individual Defendants and Nominal Defendant ABAT also have denied and continue to deny, among other things, the allegations that Plaintiffs (or ABAT) have suffered damage or that Plaintiffs (or ABAT) were harmed by the conduct alleged in the Derivative Actions. Nonetheless, the Individual Defendants and Nominal Defendant ABAT have determined that it is desirable and beneficial to ABAT and ABAT’s shareholders that the Derivative Actions be fully and finally settled in the manner and upon the terms and conditions set forth in the Stipulation. The Individual Defendants and Nominal Defendant ABAT have taken into account the burden, expense, inconvenience, distraction, delay, uncertainty and risks inherent in any litigation, especially in complex cases like the Derivative Actions, and believe the Settlement is preferable to continued litigation.
have acted in a racist manner that has been discriminatory against CleanTech Innovations, Inc. (“CleanTech”), a well-respected company located in our province. We know CleanTech very well and it enjoys an excellent reputation, widely regarded as a leading wind tower manufacturer serving the clean energy industry. We understand from its founder and Chairman, Ms. Bei Lu, that CleanTech fully complies with all Nasdaq listing requirements and has never violated any U.S. securities laws, however was delisted based upon arbitrary and capricious decisions by the Staff of Nasdaq simply because CleanTech is a China based company. Due to such unjustified delisting, CleanTech has lost more than $200 million in shareholders’ value; its good name and reputation have been unfairly tarnished which has caused direct harm to our local economy due to CleanTech’s customer concerns and loss of customer orders. CleanTech’s tarnished reputation associated with the Nasdaq delisting has caused CleanTech irreparable harm and inability to raise any capital in any global capital markets in the world. This has prevented CleanTech from participating in a $100 million job-creating project in New Jersey, part of the “Select USA” program supported and advocated personally by President Obama and the Administration.
Any discriminatory actions in the United States are harmful to the development of the U.S. capital markets and job creation in the United States. The discriminatory behavior of the Nasdaq Stock Market is contrary to the stated policy of “open access and fair trade” between our two countries. If the United States government turns a blind eye to Nasdaq’s discriminatory practices harming China-based companies in the U.S. markets, how can one expect China to positively respond to the “Select USA” program designed to encourage foreign investments in the United States? Nasdaq officials often urge China-based companies to go public in the U.S. by advertising the many “benefits” of list
Official SEC Letter
OFFICIAL LETTER - English Translation
(China LiaoNing Provincial Government Small and Medium Enterprises Bureau)
To: The Honorable John Bryson, Secretary
U.S. Department of Commerce 1401 Constitution Ave., NW Washington, D.C. 20230
January 8, 2012
Re: The Investigation of Discriminatory Actions by the Nasdaq Stock Market Against Chinese Companies
Dear Honorable Mr. Commerce Secretary,
In January 2011, on the occasion of the State Visit of Chinese President Hu Jintao to the United States, President Hu and President Obama issued a U.S.- China Joint Statement which emphasized our two countries’ mutual commitment to gain further access each other’s markets and support the development of the clean energy industry. The Joint Statement said in part: “The two countries are committed to deepening bilateral cooperation in finance and investments, support mutual investment activities… both sides applaud the progress made in the support of the clean energy industry...”
In China, as a matter of both national and local government policies, we do not discriminate based on nationality and we are required to provide equal treatment and support to all legitimate businesses. As a major provincial government agency, we regulate and support the growth of companies that conduct businesses in our LiaoNing province regardless of their countries of origin. LiaoNing province is one of the most significant provinces in China. The United States Embassy maintains a U.S. Consulate located in our province which is the only official U.S. government presence covering China’s entire vast northeast regions. We currently have many U.S. companies and American citizens conducting business in our province. As a provincial level government agency, we make sure that U.S. companies benefit from our government policies equally as Chinese companies do, and they all receive equal support from our government.
We have been deeply troubled that officials within the Nasdaq
Will stay at 60 cents for the rest of the week!!!!
Judge will be issuing approval of the Settlement and then ABAT will file another SEC to announce hearing date.
Things are looking up!!!
I think ABAT sells batteries for electric buses. They do not sell buses. But let's think of some reasons why ABAT will easily hit $1.00 in the coming 3 months.
batteries for miner's lamps, smart phones, tablets, electric cars, bikes, buses, scooters, power tools, solar lamps +e-bikes and e-scooters +Settlement+ low settlement+ improved Corporate Governance + Approval of Judge of Settlement+ privatization+ buyback will be reenacted+ Filing with SEC+ getting off pink sheets+ subsidies for electric cars by Chinese govt.
This list goes on and on. . .
See you at 55 cents tomorrow!!! Thank you Mr. #$%$!!!
Do they really have electric buses in China?????
Maybe ya'all should Google Electric buses and China?
Electric Bicycles in China Documentary
China E-bikes are everywhere in China. ABAT is supplying both full on bikes as well as lithium-ion battery cells. They will be doing this for the next 10 years.
Mr. #$%$ made a great move in buying Wuxi Angell. They will easily ramp up over the years. #$%$rthermore, ABAT's batteries are great quality and as the number of e-bikes grows so will the number of replacement battery packs that will be needed.
Google HARBIN ZQPT, to see some videos of ABAT's (non-existent) assembly lines for making medium and large capacity batteries.
The settlement process is moving forward.
In 2003, ABAT went from 10 cents to more than $6.00. In 2005, ABAT went from 40 cents to $1.90. In 2007, ABAT went from 60 cents to $6.00. From 2009 to 2011, it was trading in the $3.00 to $4.00 range. The last two years have seen ABAT dropping from 90 cents after the short attack to a low of 6 cents. I think we are in a for a bit of a ride over the next couple of years. ABAT is still in business and pumping out batteries.
Clearly the short attack did injury to the price per share. Pomerantz is agreeing to the settlement. Will the Judge also agree. If she does, this will take up to 6 monts for a final order and then we are relying on Mr. #$%$ to being filing again and working the way back to a real exchange.
Part of the Settlement of one of the derivative actions includes numerous clauses that ABAT must agree to to be on the up and up and improve their corporate governance. This will ultimately be good for ABAT and the shareholders.
And it will be times well with an increase in Electric Vehicles and Light Electric Vehicles in China. And those vehicles need batteries!!!!!!!!!!!!111
DO NOT ALLOW NAKED SHORTING OF YOUR STOCKS. SET YOUR SELL PRICES HIGH TO LOCK UP SHARES!!!!! ENOUGH IS ENOUGH. ABAT LONGS UNITE!!!!!!!!!!!!!!!!!!!!
SET SELL PRICES ABOVE BOOK VALUE!!!!!!!!!!!!!!!1
Abat was hit hard by a short seller attack makiing them out to be a complete fraud. But there are a bunch of videos on YouTube that show the facilities are real, the assets are real, the employees are real, the products are real.
At the mimimum the property itself is worth 50 million + equipment.
What goes up must come down or is it the other way around. Look for a close of 50 cents by end of month when Judge signs off on the settlement.