John Cordes

Why Lead-Carbon Batteries Will Deflate the Li-ion Bubble

John, since last we exchanged comments about XIDE, AXPW and ABAT, the entire space seems to be generating fresh interest from both investors and press. Most boats are rising incrementally. However most of the names remain in the enterprise column except for my fav. ABAT. I just wanted your take about the recent announcment of product combination with ZAP motors and your current take on ABAT's on going ramp up with Wuxi electric cycles and bikes?

They have also just completed tripling their battery production lines and are now seriously moving into the car and cycle market after successfully raising capital on a secondary offering with warrants. They maintain a very nice cash flow and positive earnings with their meat and potatoes business of being the primary supplier of miner's cap light batteries, and continueing sales in the cell phone and notebook battery market. They are obviously benefitting from tax abatement reductions from the government and loan guarantees, I'm trying to figure out any reason to have reervations about ABAT. In other words, what's not to like"? However everytime I arrive at this point with the fundementals of a company and I can see virtually no negatives, I begin to get nervous. Help me out? (Also I noticed a recent insider purchase of 1million shares, do you have any info on this?)