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BenGan

BenGan
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  • Is Advanced Battery's $20M Acquisition a Complete Fabrication? [View article]
    I bought some ABAT shares during the Class Period. Could anyone please advise me whether it is advisable to join the Class Action against ABAT? Is there anything to lose joining such action? Thanks.
    Apr 15, 2011. 02:22 AM | Likes Like |Link to Comment
  • Is Advanced Battery's $20M Acquisition a Complete Fabrication? [View article]
    ABAT took 7 days to give a proper refutation to the allegations. This is unacceptable as the allegations are of a serious nature. The first refutation given by its CEO, Mr Fu has no value. In fact it is more negative than positive because of its weak denial. Law firms that encourage investors to file class action before doing a due diligence are adding fuel to the fire. At this point in time, the general public is greatly confused. The SEC should have suspended this stock as soon as the scandal surfaced and immediately wrote to the company for clarification. If it can't look after their investors well, many will shun away from the American Stock Exchanges.
    Flies will not roam on eggs that do not have any cracks. I believe there is fraud at ABAT, however, the density of which is difficult to fathom.
    Apr 7, 2011. 02:49 AM | 3 Likes Like |Link to Comment
  • Advanced Battery Technologies: An Egregious Chinese RTO [View article]
    Sweat and blood money last a thousand years; ill-gotten ones are short.
    Apr 3, 2011. 10:24 PM | 1 Like Like |Link to Comment
  • Advanced Battery Technologies: An Egregious Chinese RTO [View article]
    I am greatly surprised that SEC has not taken any action against ABAT since the stock has dropped so much amid allegations of fraud and misdeed. At the very least, the stock should have been suspended and the management queried immediately.
    Apr 3, 2011. 07:24 AM | Likes Like |Link to Comment
  • Advanced Battery Technologies: An Egregious Chinese RTO [View article]
    Sweat and blood money last a thousand years. Ill-gotten ones are short. The Greeks have a saying that those that God wishes to destroy, he would first praise them.
    Apr 2, 2011. 08:40 AM | Likes Like |Link to Comment
  • Advanced Battery Technologies: An Egregious Chinese RTO [View article]
    The genuineness of the article is doubtful; the intelligence of the author is not. He, or perhaps she, is easily one who stands above the general public. Indeed, he is a great opportunist who has my respect as far as cleverness in making money is concerned.
    How many people have the ability to write a short article and made so much money? He told us he was short. In this respect, he was honest. How much has he made? Nobody knows. It must be in the millions!
    ZF, the CEO of ABAT, has chosen not to clarify things in detail. He says that the company is fine, nothing has changed financially and that he sees no reason why the share price should drop. But dropped it has. I think he has underperformed saying so little in reply to the smear campaign against the company.
    One can understand why VVR is so busy now. He's going to the banks and laughing all the way. He has kicked up a perfect storm and made his dough. The time of talking is over. The taking of the money is now.
    Saint or devil? Please identify yourself so that we can all thank you, if you are the former. But if you are the latter, please do not appear again.
    Apr 1, 2011. 11:40 PM | Likes Like |Link to Comment
  • Advanced Battery Technologies: An Egregious Chinese RTO [View article]
    ABAT is a Reversed-take-over (RTO) stock. Hence, it is not so safe when you compare it to an ADR or ADS. White collar crime in China is a very serious offense; it can mean going to the gallows. If you want to invest in Chinese stocks, buying ADR or ADS is much safer, because these stocks are also listed in China if I am not mistaken. Please correct me if I am wrong.
    Apr 1, 2011. 04:48 AM | 1 Like Like |Link to Comment
  • Advanced Battery Technologies: An Egregious Chinese RTO [View article]
    VVR did a great job for the shorts. It works! Now the longs are licking their wounds while the shorts are basking in glory. I can't believe that a short article can cause so much damage. What a wonderful way to make money!

    In the Malaysian Stock Exchange, we have 'circuit breaks'. This means that whenever a stock has a steep rise or fall of 30%, the stock will be suspended pending investigation. I am greatly surprised that America does not have such a system to protect investors.

    I am also greatly surprised if Americans can be that easily fooled by the Chinese, considering that Americans are very much more experienced in the stock markets.

    I did a google search on Variant View Research. Very little is said about it. I wonder who is the owner, and what integrity it has.
    Mar 31, 2011. 02:53 AM | 5 Likes Like |Link to Comment
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