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Kandi Technolgies Group, Inc. Message Board

  • felizhora99 felizhora99 Jun 26, 2013 10:16 AM Flag

    They registered a shelf offering for up to $60ml in stock in May is this the first traunch?

    They have another $34 ml offering coming. Keep in mind China rates have went threw the roof.

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    • Of course, everyone knows that they would need to raise this money to hold up their end of the Geely deal. I would wait for the other shoe to drop and then pick it up at what should be a bottom. ...of course the plan will be to get the stock to raise to around $6.80 and then make the second offering to bring the stock down to where it is again right now. (In order to protect the first set of investors.) There's a short term trade to be made here but any gain will be temporary until after the next offering.

 
KNDI
12.90+0.99(+8.31%)Dec 24 12:59 PMEST

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