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Advanced Battery Technologies, Inc. |
I am an investor in ABAT since 2007 @2.86. I have seen this baby go
all the way to 9.50, where I sold half of my position just to get back
in @, thought it was a great deal, just to see it fall all the way
back to $3. All I am trying to tell you is that there is a lot of
sh... going on with this company. They have upsett a lot of investors
with quite some stupid capital raises that weren't needed. Why are
they again raising capital, having $30+ in cash on their books and no
debt. They are killing the stock value through dilution as most
potential gains are off-set by yet another round of free give-aways of
stock. I don't know why Mr. Fu is listening to his financial advisors
(McFadden), but so far my grandma would have called better shots in
capital raises. Someone has an alternative interest and we are paying
for it.
Don't get me wrong, I have quite a bunch of stock and I think the
potential is great, but this company has managed to upset its
investors so often in the past 2 years, just be careful. Don't invest
too much until management gets a hang of how capital markets work.
On Jun 16, 3:55 pm, Rony <bokul...@gmail.com> wrote: