My impression is that the company's first main goal is to vigorously defend itself in the court of US law which has updates on the public record. They didn't share anything with me beyond what was in the press releases. Doing your own due diligence is the best thing to do, as i am doing. That means a lot of reading and probing and seeing between the lines.
Every day i find more weaknesses and false allegations. in fact just a few minutes ago, as i re-read eiad's report, and "delved very, very very deeply into it" on page 16. . .
He fuses the battery contract announced in announced with veken in 2008 well before ABAT took over Wuxi which was in May of 2009 with the case against ABAT the following year (which was dismissed)
and then in the next paragraph we are hearing about a legal complaint against abat in regard to the scooters, but who knows if abat even produced that merchandise or if it was before they took over, or took over completely. In any case, the case was dismissed but eiad doesn't mention that. Not only does he not mention that the Veken Scooter case was dismissed, he just mentions that the mere existence of a lawsuit was evidence that ABAT makes faulty merchandise.
This is an out and out LIE. . .AND NOT LOGICAL AT ALL
WHY DID HE DO IT???? because he had an agenda to short the stock and profit.
this is the level that this case is on, everything needs to be gone over with a fine tooth comb,
First of all, who knows who produced the bikes, ABAT or the former owner, second the case was dismissed, third, even if there was a problem with the bikes perhaps during the change of ownership and tuning up the assembly lines according to ABAT's superior management, it does not mean that they produce faulty merchandise. They wanted to paint a certain picture and they grabbed the colors they needed and ruined a lot of people's lives and hurt a lot the health of lot of people too. That is my take at the present time.