Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Last $0.22 USD
Change Today +0.02 / 10.00%
Volume 67.6K
ABKI On Other Exchanges
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

abakan inc (ABKI) Key Developments

Abakan, Inc. Announces Resignation of Skoda Minotti as Independent Registered Public Accounting Firm

On June 22, 2015, Abakan Inc.’s independent registered public accounting firm Skoda Minotti resigned as its independent registered public accounting firm.

Abakan Inc. Receives Orders for Coating ‘Lances’

Abakan Inc. has received orders for coating ‘lances’ which are used heavily in iron ore production and anticipates trial orders for coating tuyeres, pumps, clad plates, turbines and other manufacturing components.

Abakan, Inc. Announces Executive Changes

Abakan Inc. reported that Costas M. Takkas, the company’s CFO has been detained in Switzerland, based on an indictment issued by the U.S. District Court, Eastern District of New York charging him with certain activities unrelated to his position with Abakan with effect from May 29, 2015. Based on this development, Abakan has suspended Mr. Takkas from undertaking any further responsibilities as its CFO. Meanwhile, Robert Miller, Abakan’s CEO will now also act as interim CFO.

Abakan Inc. Enters into a Settlement Agreement with Sonoro Invest S.A

Abakan Inc. announced that it has entered into a Settlement Agreement with Sonoro Invest S.A. in connection with a dispute regarding promissory notes for an aggregate principal amount of $2,105,000, which caused Sonoro to file a lawsuit against Abakan on October 1, 2014, in the United States District Court for the Southern District of Florida. The settlement with Sonoro provides that all existing promissory notes between the parties be cancelled and replaced with a new senior convertible promissory note in the amount of $2,915,000 with interest at 5% payable in full on February 29, 2016. Should Abakan prepay the new note, on or before July 31, 2015, the amount required to satisfy the note will decrease to $2,700,000, plus interest, without any penalty. While the note is outstanding it is convertible, at the sole option of Sonoro, into units of Abakan at $1.00 per unit, each unit consists of one share and 1/2 of a warrant, each full warrant entitles the holder to purchase an additional share of Abakan for $1.50. The Note ranks senior to any other indebtedness, except with respect to existing secured creditors including George Town Associates S.A. Nevertheless, the Sonoro settlement allows Abakan to enter into additional secured indebtedness on substantially the same terms as it has with George Town, for the purpose of satisfying amounts due to George Town, if such indebtedness is secured from certain lenders or from within a certain classification of lenders.

Abakan, Inc. announced delayed 10-Q filing

On 04/14/2015, Abakan, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ABKI:US $0.22 USD +0.02

ABKI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for ABKI.
View Industry Companies

Industry Analysis


Industry Average

Valuation ABKI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 14.8x
Price/Book 3.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 9.0x

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ABAKAN INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at