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Advanced Battery Technologies, Inc. |
I rec'd from the CEO, as did all shareholders, a special letter
explaining the reason why they need to "print more money" i.e., offer
more shares. The excuse was lame and showed a great deal of ineptness
on their part in managing our business. They wish for shareholders to
vote YES on Proposal #2. I suggest we all vote NO, and
1) demand release of the names of the private investors,
2) demand a vote on future private offerings, and lastly
3) we demand they buy shares back from existing holders with the
excess $30MM in cash reserves and offer these to the private
investors. If is smells like poop, looks like poop, and tastes like
poop, its probably poop!