China Tracker - Details for Advanced Battery Technology (ABAT)

Warning: fopen(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/fixyou/public_html/tracker_details.php on line 58

Warning: fopen( failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/fixyou/public_html/tracker_details.php on line 58

Warning: fgetcsv() expects parameter 1 to be resource, boolean given in /home/fixyou/public_html/tracker_details.php on line 60

Warning: fclose() expects parameter 1 to be resource, boolean given in /home/fixyou/public_html/tracker_details.php on line 61
 Advanced Battery Technology
 Basic Facts and History
Data Source: Annual Report for the period ended 2010-12-31
Reporting Type: U.S. Company (10-K Filings) 
Incorporation: Delaware 
Corporate Headquarters: USA (New York) 
Going Public: Reverse Merger on 2004-05-06 
Previous Entity: Cashtech Investment Limited 
Uplisting to Senior Exchange: on 2007-10-09 at $5.70 (-100.00% since Uplisting)
RTO Advisor: Warner Technology & Investment 
Main Operating Subsidiary: Heilongjiang Zhongqiang Power-Tech Co., founded 2002 
Investor Relations: IR Website can't be found 
Internal Controls: not effective 
Internal Controls Audit: not effective 
Auditor Opinion:

The following material weaknesses have been identified:

(a) a lack of expertise in identifying and addressing complex accounting issues under U.S. Generally Accepted Accounting Principles among the personnel in the Company's accounting department, which has resulted in errors in accounting that necessitated a restatement of the financial statements for 2008 and 2009.

(b) inadequate review by management personnel of the Company's reports prior to filing, which resulted in errors in prior filings that necessitated the filing of amendments to the 2009 Annual Report and the Quarterly Reports through the quarter ended September 30, 2010.

In our opinion, because of the effect of the material weaknesses described above on the achievement of the objectives of the control criteria, Advanced Battery Technologies, Inc. has not maintained effective internal control over financial reporting as of December 31, 2010. (EFP Rotenberg, LLP)

This company is overdue with their latest quarterly or annual report! The Trading China Rating is suspended until the company is back in compliance with SEC filing rules.

This company has reported corporate governance issues. You may want to look further into possible issues before making an investment decision.

Main Shareholder: Zhiguo Fu (Chairman, CEO) 
Ownership: 11.90% 
 Auditor Trail (since January 1, 2009)
2010-12-14EFP RotenbergAppointment
2010-01-08FriedmanAppointment (Merger)
2010-01-08Bagell, Josephs, Levine & Co.Resignation (Merger)
 Senior Management Trail (since January 1, 2009)
2009-03-01Guohua WanCFOAppointment
2009-03-01Taylor ZhangCFOResignation
 Fiscal Year
Fiscal Year ends: December 31 
First Quarter 10-Q: due by 2019-05-15 
Second Quarter 10-Q: due by 2019-08-15 
Third Quarter 10-Q: due by 2018-11-15 
Annual Report 10-K: due by 2019-03-31 
READ: Score Cards Explained
DETAILS: Safety/Risk Model for ABAT
Current Price:  n/a
F10k Day (2004-10-04): -100.00%$1.65
2009 Close: -100.00%$4.00
2010 Close: -100.00%$3.85
2011 Close: -100.00%$0.43
High (2012-02-02): -100.00%$0.64
Low (2012-08-09): -100.00%$0.26
Market Capitalization: n/a
Total Shares: 82.61 mill
Float: n/a
Avg Volume: 4.05 mill
Short Interest: 5.92 mill
Short Ratio: 8.80%1.5 d
Last Quarter: 2011-06-30
Revenue (MRQ): 31.35 mill
Net Income (MRQ): 8.08 mill
Op. Cash Flow (MRQ): 8.27 mill
all financial data provided without warranty