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Kandi Technolgies Group, Inc. Message Board

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  • wtblanch5 wtblanch5 Dec 25, 2010 9:28 PM Flag

    KNDI is a safer investment then a new IPO..

    Good job forwarding to HR. It's important for all of us to understand the environment we're dealing with right now. If you're playing this stock for short term moves on the long side, you have to be prepared for possible short term serious disappointment, be it a bear raid or another secondary at some point. If you're radically margined up in size you're really playing with fire. Great promise, but it will take great and sustained execution (and better communication wouldn't hurt either) to rout the shorts. Even when things go well, they'll be back ... just look at Netflix. But that's what makes a market!

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    • Good comments. Your analogy to NFLX is one that I often give here, but I look at the short as a great positive to NFLX. "Great promise, but it will take great and sustained execution (and better communication wouldn't hurt either) to rout the shorts. Even when things go well, they'll be back ... just look at Netflix. But that's what makes a market!"

      NFLX has had the shorts in a "rolling short" trap for several years, thereby assuring a perennial high PE. Currently 68x earnings. That is exactly what I have been preaching here that we want to see happen to KNDI. It is also what kept Starbucks overvalued for some 15 years until the operationally stubbed their toe three years ago.

    • Fairly new to the board, sorry if this is a repeat ... way too much to wade through all the past messages. No photographic memory either :-)

      Related to this topic, I note that KNDI changed auditors in the last year or so. The new one is
      http://www.albertwongllp.com/main.asp

      Any insights to offer on the change or the new auditor? I am aware that the standard SEC auditor change disclaimer was expressed.

      I'm long, considering getting a little longer. I do think however that we are well served by bringing questions to light and dealing with them, preferably without getting nasty in the process.

      • 1 Reply to wtblanch5
      • That is another good point. The former auditors, Weinberg & Co were the auditors that came with the RTO shell. If I remember correctly, they switched auditors in mid 2009, several months before they filed their first registration statement with the SEC. Obviously the SEC must have had no problem with Wong since they were the auditors for the last two registration statements.

 
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