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Altair Nanotechnologies, Inc. Message Board

revolutionaryca 3 posts  |  Last Activity: Sep 10, 2014 11:19 AM Member since: Mar 24, 2005
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  • Investors encouraged to contact Law Firm

    http://www.marketwatch.com/story/altair-nanotechnologies-inc-investors-encouraged-to-contact-securities-law-firm-about-investigation-into-allegations-of-corporate-wrongdoing-2014-09-10?reflink=MW_news_stmp

  • Reply to

    Alti

    by jay_scott27 Sep 5, 2014 12:52 PM
    revolutionaryca revolutionaryca Sep 8, 2014 9:34 PM Flag

    Good to hear from you, USA.

    As far as I know the ALTI battery tech is still the best available. The GM replacement parts lobby is just too strong in your country - and the DOE wasn't interested in backing up a Canadian-registered company. Re. GM; I don't understand why it wasn't obvious to everyone that A123 batteries would never work. The chemistry was flawed. I posted that repeatedly. GM should NOT have been bailed out.

    The ALTI portal is still up but just hasn't been updated for years. It still gets some traffic and a few clicks on the banner ads that generate income for me. It represents a boatload of work to create it and it doesn't make sense for me to delete it yet. Most of the information is quite dated now but I suppose there's still some tech data there that could be of value to someone - as well as the news that prompted me to bail.

    If ALTI disappears then you and Trollen could always find the online camaraderie that you enjoy more aptly on some social media site - Maybe a Facebook page titled "Coots R Us"?

    Good luck to you.

  • Reply to

    Alti

    by jay_scott27 Sep 5, 2014 12:52 PM
    revolutionaryca revolutionaryca Sep 6, 2014 11:07 PM Flag

    Interesting development.

    That's quite a list of non-compliance from the newly resigned auditors. Separation of duties within the U.S. is one thing but is the word "compliance" even within the vocabulary of the totalitarian Chinese. Fiscal transparency might be completely alien to a country that's still desperately grasping to the increasingly disappearing antiquated concept that "Authority rests on the control of information".

    If their intent is indeed to cannibalize the U.S. company and get on with their own business then this could be it. "Toink!" (Poof) It's over. Money gone. Any and all standing sell orders will go unrequited.

    I bailed last February, when Uncle Al, and the CEO bailed. They appear to want to bleed ALTI for property developments in China indefinitely and God knows what else an audit would disclose. They seem to have a primitive East vs. West mentality.

    I vaguely recall a Ted Talk wherein some Sino professor states that, due to a large insular landmass and historically undeveloped communications the Chinese have less of a sense of global community, or family of man, than most peoples.

    Evidently they are so unskilled at accounting that they don't appear to even realize that they own 51% of the company.

    My wife (an Accounting Controller), when asked how long it might take them to get into compliance says "A couple of months maybe?"

    That means ALTI is either dead for now or dead forever.

    Condolences to all those who are still in.

ALTI
4.300.00(0.00%)Sep 4 1:57 PMEDT

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