Summary ChinaBak recently soared from below $2.50 to $5.00 “news” that LG was entering the China EV market and on subsequent EV subsidy news from China. But ChinaBak is not even currently in the EV business and will likely derive zero benefit. Day traders are simply playing a dangerous game of greater fool. Creditors recently…

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On Wednesday, ChinaBak Battery (CBAK) jumped by as much as 65% to $1.63 on tremendous volume following widely circulated (but entirely false) rumors that the company will be supplying lithium ion batteries to Kandi Technologies (KNDI). On the previous day ChinaBak had been trading at around 90 cents, with a market cap of just $10…

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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…

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