Quick Take – Advanced Battery CFO flies the coop (ABAT)

This morning beleaguered Advanced Battery Tech (ABAT), plaything of promoter John C. Leo (of MH Myerson infamy), and one of a ring of Chinese reverse-merger companies that shares offices and much more (read about that here), issued a very brief 8k stating:

On October 25, 2011 Guohua Wan submitted her resignation from her position as the Registrant’s Chief Financial Officer and from her position as a member of the Board of Directors. Ms. Wan stated that she was resigning in order to attend to personal matters.

Perhaps she was tired of signing off on 10Ks and 10Qs with what any reasonable investor could conclude are material omissions with respect to related party transactions?

The content contained in this blog represents only the opinions of the author. The author may hold either long or short positions in securities of various companies discussed in the blog. This commentary in no way constitutes investment advice, and should never be relied on in making an investment decision, ever. This blog is not a solicitation of business: all inquiries will be ignored. The content herein is intended solely for the entertainment of the reader, and the author.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s