CBAK is insolvent

Normally I try to shy away from very low priced stocks, however in the case of China BAK Battery (CBAK), it is a company which I have been quite familiar with for years while living in China. I am very well informed about the company’s complete insolvency as well as the unusual rise in its share price. Due to its insolvency, China Bak’s worth is in fact negative, far below zero. So it seems quite likely that the share price will soon react appropriately to this fact in the near term.

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