Advanced Battery's Book Value prior to the Short seller attack was above $3.00. It is believed by many that ABAT is preparing to recommence filing, go private or relist on another exchange after having been unfairly treated and falsely accused by the US capital markets. The Class Action Case has been Closed. Chairman Fu has written several letters over the past couple of years promising to "reward loyal shareholders."
On November 23, 2011 Chairman Fu issued a letter to the shareholders concerning the events of 2011 with a closing statement in a sense to do what is right despite his view that his company was unfairly attacked and reward the loyal shareholders. The letters can be viewed here.
http://abat.sys145.pkulab.com/a/English/INVESTORS_/Chairman_s_Letter/2012/1201/364.html (English) WEBSITE VERSION
http://abat.sys145.pkulab.com/a/guanyuwomen/jituanxinwen/20120731/167.html?1354625340 (Chinese) WEBSITE VERSION
On February 3, 2013, the Chairman released this letter
http://abat.sys145.pkulab.com/a/guanyuwomen/jituanxinwen/20130122/418.html?1358988339 (chinese) WEBSITE VERSION
http://abat.sys145.pkulab.com/a/English/ABOUT_US/News/Press_Releases/2013/0124/420.html (English) WEBSITE VERSION
On November 23, 2011 Chairman Fu issued a letter to the shareholders concerning the events of 2011 with a closing statement in a sense to do what is right despite his view that his company was unfairly attacked and reward the loyal shareholders. The letters can be viewed here.
http://abat.sys145.pkulab.com/a/English/INVESTORS_/Chairman_s_Letter/2012/1201/364.html (English) WEBSITE VERSION
http://abat.sys145.pkulab.com/a/guanyuwomen/jituanxinwen/20120731/167.html?1354625340 (Chinese) WEBSITE VERSION
On February 3, 2013, the Chairman released this letter
http://abat.sys145.pkulab.com/a/guanyuwomen/jituanxinwen/20130122/418.html?1358988339 (chinese) WEBSITE VERSION
http://abat.sys145.pkulab.com/a/English/ABOUT_US/News/Press_Releases/2013/0124/420.html (English) WEBSITE VERSION