First the bad news: We are being diluted by about 10%, but when you think about it the market cap is only increasing by $16 million. We have as our goal for this company to become a $billion plus company, so this is nothing in the long run.
The good news is this: Corstrat had mentioned that Kandi was having trouble getting investment firms to cover and promote the company without offering a stock placement. Well this is the result. Mr. Hu has agreed to a stock placement and to sell cheap shares to institutions. In return Kandi will get MUCH needed exposure which will boost the stock price going forward. Sure the next few days may be painful (or we may be pleasantly surprised), but the story and the ultimate goal here is still intact.