The Mr. Sanderson appealed the dismissal that was to say the auditors were responsible. But Higher US Court agreed with lower US Court saying case against Auditors dismissed. So did Auditors do cash verify.
Could ABAT pull wool over Auditors faces of $30,000,000 of dollars? Judge say Auditors no in case and case now dismissed against the Auditors.
Case 14-1410, Document 72-1, 03/25/2015, 1468758, Page1 of 17
This mean ABAT has lots and lots of money.
ABAT moving in direction of NEV. Neighborhood Electric Vehicle and new agreements. They make the battery and working with partners.
You can read google
An essay in the forthcoming May issue of Harvard Business Review upends the theory that the Palo Alto, California-based electric automaker has disrupted the car industry. Rather, golf-cart-like neighborhood electric vehicles, or NEVs, may represent the future of four-wheeled travel, it says.
ps. Mr. Braun appear in court this week. Anyway know outcome. Do he receive sanctions with Levi and Korsinksy for no having shares from 2011? ABAT going to relist on Nasdaq.
Dear Sirs and Andrew,
Thanks for the commenting. But, you Andrew are board master of "splice and dice" to move the comma here, there and make disappear, to change meaning to your end so you good too at translation.
I have friend check it, like you.
Agreement first made in November 2014. China government grave concern because of particle 2.5 which affect health and want more electrification of China.
"The new commitments announced today support the United States' international commitment to cut net GHG emissions 26-28 percent below 2005 levels by 2025, which President Obama first announced in November 2014 as part of an historic agreement with China," the statement said.
ABAT is preparing for new incentives from government to be ready for rapid production and new orders to be good for busses and approval already done--Model:ABAT-12128142 as per Press Release.
This coming because of new trend for electric busses and agreements made by Premier of China and President of US from meeting in November 2014 to reduce the greenhouse of gasses and also the trend of new batteries in newer phones which come with rapid charging like Samsung S6 to have as standard. ABAT keeping up with times.
In terms of translation, no google is no good. It is machine. It no give true meaning. To analyze a mistranslation is really off the track. I think LBCB may not take Mandarin yet or come to China but he has his perspective and view of things.
Here is translation:
Notice: According to the Battery development, the popularity for the energy-saving battery on the market, the Board made a decision to improve the subcompany Dongguan QiangQiang company , the decsion is as follows:
1.From Jan 01st 2015 to June 30th 2015, suspend production.
2.The R&D will improve the products during the stopping period. The products adjustment will be enlarged storage battery, energy-saving battery and quick charge battery.
3.The improvement for the products must be completed on the first quarter in 2015 and be checked by the Board. Board requested product modification.
4.The improvement announcement document will be disclosed at that time.
5.Board requested the products in the technology transformation plan will be produced by July,2015 and fully operational second half of 2015.
Dear Sirs and Hitman,
I do not know the reason why. I no work for Yahoo. Please ask them.
Mr Chairman's Letter coming to the fruits. You wait, see. Very soon.
Chairman of Advanced Battery Technologies Issues Letter to Shareholders
NEW YORK, Nov. 28, 2011 (GLOBE NEWSWIRE) -- Zhiguo #$%$, Chairman of Advanced Battery Technologies, Inc. (Nasdaq:ABAT), today issued the following letter to the shareholders of ABAT:
"Since March 2011 ABAT has been afflicted by the concerted actions of a group of short sellers. After establishing short positions on our shares, they published a series of articles making allegations of misconduct by ABAT's management that were fabrications and distortions. The result was a great loss of value to the majority of ABAT's shareholders, which was compounded when the class action bar filed lawsuits against us based again on the same sophistic allegations. Unfortunately, NASDAQ chose to abet this conduct by initiating an investigation based on the short seller allegations. When NASDAQ inquired regarding the allegations, we provided complete detailed rebuttals, and NASDAQ has not made further inquiry regarding any of the short seller allegations.
"At the end of the summer, however, as stories circulated regarding collusion between a small number of Chinese companies and their bankers, NASDAQ decided that, solely because we are Chinese, we should be required to provide an extraordinary level of confirmation from our banks. Despite the lack of any evidence of wrong-doing on our part, NASDAQ insisted that we approach our banks, inform them that our U.S. regulators consider them untrustworthy, and ask them to permit our auditors to "look over their shoulders," as it were, while they prepare bank confirmations. Initially NASDAQ insisted that this degrading procedure be conducted at the highest level of the bank. After we obtaine
In my dream, I see that LBCB being paid by wing of other parties that want to beat stock down to buy it back on cheap. He no good and full of lies.
He will retract statement at end just like other message board member that recently left.
Good news about Appeal being denies but very sad for Mr. Sanderson who lost a lot of money more than $300,000, but no good to gamble especially when someone owns nice restaurant. Now is good time to buy because soon ABAT be over $2.00 after filings come and jumping back to better exchange.
This all just Wang intuition and dream and "contemplation of scenario with logic". I did my DD, as you call it.
ABAT new contract is very happy. This going to bring many benefits. Thank you for patience during dismissal of Court cases.
Thank you to Judge McMahon for dismissing of court case. ABAT now free to produce the financials and move to buy-out or privatization at book value of $3.00
. . .
“As we repeatedly have stated throughout this litigation, obtaining an audit firm’s workpapers is critical to enforcement staff’s ability adequately to protect investors from the dangers of accounting fraud,” said Andrew Ceresney, Director of the SEC’s Enforcement Division. “This settlement recognizes the SEC’s substantial recent progress in obtaining those documents from registered firms in China. The settlement also holds four of the firms accountable for previously violating U.S. rules, and makes clear that should production of documents cease, the SEC can restart the administrative proceeding.”
This is old news but important to make the note of. . .
SEC Imposes Sanctions Against China-Based Members of Big Four Accounting Networks for Refusing to Produce Documents
Google this one.
So you can see things moving forward in time to progress between US and China and agencies. Good news.
Chairman Zhigou knows he needs to do the documents quick now that case is over.
Please know this just rumour but I do not know. Rumour is some corruption in stocks including China stocks to make negative impressions of good companies to try to buy cheap shares. Some group known to hire groups to do this no righteous deed and bring harm. As ABAT is good company, one wonders if bashers are "hired help." to do this and what is reason except self-interest. Could be internal. . could be external. Either way you need shareholder meeting sooner no later. Chinese known for good business tricks. Bashers could be part of ABAT consortium or not. Just had dreaming about it and you are good wise ones.
Now LBCB talk much about terminated "mining lamp contract" that mentioned in "internal audit" on the website for 8.2 % of revenue about $10,000,000 contract. Ticker is 600139 and trading many shares per day on Shanghai for $15.25 with market cap of $10 billion and many recent acquisitions including mining company and electric bus company.
But ABAT partner is Sichuan Western Resources Holding Co., Ltd is a China-based company principally engaged in the mining and selecting of nonferrous metal products. The Company primarily provides copper concentrate powder, lead concentrate powder, sulfur concentrate ores, zinc concentrate powder, iron concentrate powder, manganese concentrate ores, lithium carbonate and other products. The Company distributes its products mainly in China's domestic markets. On January 8, 2013, the Company announced that it has acquired a combined 100% stake in a Yunnan-based mining industry company.
Many China shareholders want also a "shareholder meeting' on ABAT. Please take steps in US to make happen. No more court cases so now is good time to make a "meeting of minds." Also now good time for Sichuan Western Resources to acquire remaining ABAT for book value.
Chairman Zhigou he obey the law but barely and only when forced to. He walk the line like Johnny Cash. He like that song very much
Stock has begun trading again and trade average volume of 18.3 million per day. Commence again trading 12/22/2014 and company has valuation of 10.2 Billion. This is good partnership for ABAT to have.
See you on top.
LBCB, Chairman Zhigou say hello and thank you for all your time/effort to bash stock and want to know if you want job. Just joke. Haha.
I told before that lawsuit was not honorable. Now, Mr. Braun has to show the face with lawyers to make the explanation.
Meanwhile, electric car sales ramping in China. Bloomberg say that " Bayerische Motoren Werke AG predicts China will become the world’s largest market for electric vehicles as more charging infrastructure is built and the government promotes cleaner cars to cut pollution.
China will reach that target in at most five years, said Karsten Engel, BMW’s China head, at an event in Shanghai yesterday marking the automaker’s collaboration with the city’s municipal power company."
Also State involved in new charging points. If ABAT no make it, then factory go for sale for $30-$40 million. Good property that you seen photos of. It in good area near Shanghai.