> Question:

> CBAK has heavily invested already in huge amounts of highly automated
> capacity, especially of their high power line, to the best of our
> knowledge not yet producing much volume, and in building parts of
> their own supply chain for that capacity. Do they have enough business
> lined up that they need to expand on that capacity? Surely not, but
> then what do they need this new money for? I can't think of any other
> possibility that would make sense. Nobody would buy a private
> placement with the knowledge that it was going to just pay for
> operating losses ...

> I have been a long-term investor in CBAK for more than 2 years.  But I
> recently sold most of my holdings (at 3.88) and will buy back as soon
> as the stock drops below the PP price of 3.55.  We are almost there.
> One never knows whien the run-up trigger will be pulled, so I don't
> want to be out too long.  The money could be used to enhance the
> production lines being built in India.  Now that they are in India,
> there is no reason they can't duplicate there what they've done in
> China.  Another market with 1+ billion people.  All of them will need
> LION batteries at some point.  Meanwhile, CBAK sells into the power
> tool and electric bicycle business while they seek a contract with one
> or more auto companies.  Chinese companies will choose other Chinese
> companies to build their businesses, rather than relying on companies
> from Japan (very bad memories from the past), Korea, Europe and the
> U.S.  Also, as the WSJ pointed out recently, Chinese currency is
> grossly undervalued and should rise in value vs. the dollar.   So any
> Chinese holding is also a currency play.  So that's another reason to
> invest in Chinese companies now.  You get to by assets which should be
> priced higher at a price currently in lockstep with the dollar.

> On Oct 26, 2:43 am, Robyn <rkseid...@gmail.com> wrote:

> > Question:

> > CBAK has heavily invested already in huge amounts of highly automated
> > capacity, especially of their high power line, to the best of our
> > knowledge not yet producing much volume, and in building parts of
> > their own supply chain for that capacity. Do they have enough business
> > lined up that they need to expand on that capacity? Surely not, but
> > then what do they need this new money for? I can't think of any other
> > possibility that would make sense. Nobody would buy a private
> > placement with the knowledge that it was going to just pay for
> > operating losses ...

> Little did I know that today, we would break through the 3.55 price
> point and plunge even further to 3.44.  So now with every PP offering
> CBAK has made during the last two years, the share price subsequently
> has dipped below the PP offering price.  All of you who feel cheated
> by the PP can now buy shares for less than the folks who recently put
> $20M into CBAK's coffers.   A good time to buy, since you are getting
> your shares on the cheap, compared to them.   If you still like the
> stock, that is.  I do.  I'm buying some shares back.

> On Oct 27, 8:50 am, "jrgriffi...@gmail.com" <jrgriffi...@gmail.com>
> wrote:

> > I have been a long-term investor in CBAK for more than 2 years.  But I
> > recently sold most of my holdings (at 3.88) and will buy back as soon
> > as the stock drops below the PP price of 3.55.  We are almost there.
> > One never knows whien the run-up trigger will be pulled, so I don't
> > want to be out too long.  The money could be used to enhance the
> > production lines being built in India.  Now that they are in India,
> > there is no reason they can't duplicate there what they've done in
> > China.  Another market with 1+ billion people.  All of them will need
> > LION batteries at some point.  Meanwhile, CBAK sells into the power
> > tool and electric bicycle business while they seek a contract with one
> > or more auto companies.  Chinese companies will choose other Chinese
> > companies to build their businesses, rather than relying on companies
> > from Japan (very bad memories from the past), Korea, Europe and the
> > U.S.  Also, as the WSJ pointed out recently, Chinese currency is
> > grossly undervalued and should rise in value vs. the dollar.   So any
> > Chinese holding is also a currency play.  So that's another reason to
> > invest in Chinese companies now.  You get to by assets which should be
> > priced higher at a price currently in lockstep with the dollar.

> > On Oct 26, 2:43 am, Robyn <rkseid...@gmail.com> wrote:

> > > Question:

> > > CBAK has heavily invested already in huge amounts of highly automated
> > > capacity, especially of their high power line, to the best of our
> > > knowledge not yet producing much volume, and in building parts of
> > > their own supply chain for that capacity. Do they have enough business
> > > lined up that they need to expand on that capacity? Surely not, but
> > > then what do they need this new money for? I can't think of any other
> > > possibility that would make sense. Nobody would buy a private
> > > placement with the knowledge that it was going to just pay for
> > > operating losses ...