Advanced Battery Technologies, Inc. (NASDAQ:ABAT) has issued a letter to its shareholders. The claim is that the company “has been afflicted by the concerted actions of a group of short sellers” where they accumulated a short positions and then published a series of articles making allegations of management misconduct. The company calls these “fabrications and distortions.” At $0.98, the 52-week range is $0.79 to $4.35.
Advanced Battery Attacking Short Sellers (ABAT)
By
Jon C. Ogg
Published
About the Author
Jon C. Ogg →
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
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