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China BAK Battery, Inc. (CBAK) Message Board

yogalad_returned 1 post  |  Last Activity: Jul 2, 2014 2:22 PM Member since: May 11, 2007
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    Why the explosion?

    by mazza395 Jul 2, 2014 11:32 AM
    yogalad_returned yogalad_returned Jul 2, 2014 2:22 PM Flag

    This is one instance where more competition IS good for CBAK . . . CBAK's just about bankrupt and with this latest news there's a decent chance that at least now an LG could buy their assets in a forced sale situation. Obviously the common shareholders will still get squat (but some pretty stock certs which can be used to wallpaper the bathroom) but at least the institutions and big holders who lent CBAK money will get some pennies back on the dollar.

4.12+0.03(+0.73%)Jul 31 4:00 PMEDT

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