After rallying 62% Tuesday, China BAK Battery (CBAK) is in a premarket tailspin after CFO Tony...

|About: China BAK Battery, Inc. (CBAK)|By:, SA News Editor

After rallying 62% Tuesday, China BAK Battery (CBAK) is in a premarket tailspin after CFO Tony Shen denied speculation the unprofitable Chinese company won an order from Google (GOOG). "I have checked with all sales heads in all product lines as well as the CEO and COO," Shen said. "We have no knowledge of any such deals." CBAK -23% premarket.